925 US-29 - Retail FOR SALE


Athens, GA 30601- North Athens
$1,365,000 USD
689-666-9560
925 US-29, Athens, GA for Sale
$1,365,000 USD
Retail - FOR SALE
1/4
null | 6.6% Cap Rate

925 US-29
Athens, GA 30601
North Athens


HIGHLIGHTS

  • Burgeoning Corridor: Ellianos is positioned at the heart of Athens’ fastest-growing corridor, with hundreds of apartment units under construction and
  • Ideal Stop into Athens: Ellianos is located on the right side of the road to benefit from copious traffic entering westbound into Athens. Whether it b
  • Newly Constructed Ground Lease: Ellianos sports an attractive lease structure for long-term investment stability, featuring a ground lease with annual

OVERVIEW

STNL.com is pleased to present this ground lease single tenant Ellianos Coffee shop in Athens, located in the center of the city’s fastest-growing retail corridor. Three reasons to acquire this property include: 1. Burgeoning Corridor: No area of Athens has seen more growth since 2021 than where your Ellianos sits. Hundreds of apartment units have recently been completed or are still under construction, accompanying the scores of newly built single tenant properties that will supplement your Ellianos and consistently bring foot and vehicle traffic into the immediate area. 2. Ideal Stop into Athens: Strategically positioned on the north side of US Hwy 29, your Ellianos sits in prime position to collect westbound traffic as it flows into downtown Athens. Whether it be working commuters or students and fans flocking to the University of Georgia, there will always be target demographic traffic for a coffee shop driving right by your Ellianos. 3. Newly Constructed Ground Lease: This site can be treated as a stable, long-term investment, with fifteen(15) years of base term on this ground lease accompanying twenty(20) potential years of option term. Furthermore, with the immense amount of development in this bustling retail corridor, this site stands to be successful and desirable regardless of what tenant occupies it for decades.

FOR SALE DETAILS

PRICE

$1,365,000 USD

PRICE/SF

$1,706 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Ellianos Coffee

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

C-G

APN/PARCEL ID

213A-003

ASK ABOUT THIS PROPERTY

Mark ThompsonSTNL.comMore Info
689-666-9560

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Mark ThompsonSTNL.comMore Info
689-666-9560

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