732 Cherokee St - Storefront FOR SALE


Marietta, GA 30060- North Marietta
$5,100,000 USD
813-697-1255
732 Cherokee St, Marietta, GA for Sale
$5,100,000 USD
Storefront - FOR SALE
1/7
null | 7.41% Cap Rate

732 Cherokee St
Marietta, GA 30060
North Marietta


HIGHLIGHTS

  • Minimal Management Responsibilities
  • Dynamic Tenants
  • Scheduled Rent Increases
  • Strategic Location
  • Redevelopment Upside Potential
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the Retail Center located at 732 Cherokee Street NE in Marietta, Georgia (the “Property”). Constructed in 2018, the Retail Center consists of a three-tenant retail building with 8,749 square feet of space on a 1.36-acre parcel. The Property is 100% occupied by Panera, Tropical Smoothie Café, and Phyllis Brunch Restaurant. The Retail Center is centrally located within the major medical corridor surrounding Wellstar Kennestone Medical Center. Situated between Cherokee Street NE and Lewis Drive, the Property enjoys excellent frontage and visibility and is directly across the street from the primary hospital building for Wellstar Kennestone. There is a municipal bus stop directly in front of the Property, and the parcel is less than 400 feet from the highly trafficked, signalized intersection of Cherokee Street NE, Church Street, and Tower Road at the center of the medical corridor. The Retail Center offers one of the most convenient dining options for patients, visitors, and employees at the medical center. The Property is a mile north of Downtown Marietta, and the surrounding areas are home to a significant number of national retailers and major businesses. Marietta is a suburb of Atlanta and is positioned approximately 20 miles northwest of the city.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$583 USD /SF

CAP RATE

7.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

NRC

APN/PARCEL ID

16-1074-0-039-0

ASK ABOUT THIS PROPERTY

Chris KingHorvath & TremblayMore Info
813-697-1255

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Chris KingHorvath & TremblayMore Info
813-697-1255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.