Cap Rate
6.55%
Year Built
2024
Leasable Area
5,000 SF
Term Remaining
±20 Yrs
NOI
$320,000
Property Type
Retail
INVESTMENT HIGHLIGHTS
- Strategically located ±0.5 miles off I-85, the main interstate connecting Atlanta, GA to Greenville, SC
- Highway 441 provides direct connectivity to Athens, GA and the University of Georgia (UGA) which is ±22 miles south of the subject property
- UGA has 41,615+ student and ±10,740 employees
- Athens hosts 100,000+ people during football weekends
- Robust retail submarket with 2.2 MM SF and low vacancy rate of 3.2%
- Subject property is less than 2 miles from Tanger Outlets Commerce, a ±371,408 SF outlet mall with more than 70 outlets
- Regional shopping destination which pulls from a 60-mile radius
- Jackson County is 1 of 4 fastest growing counties in US per US Census Bureau
- Rare 20-year base term
- Four, 5-year renewal options
- Inflation hedge with 1.5% rent escalations every year through the entire lease
- Absolute triple net (NNN) with no landlord responsibilities
- Tax advantages with accelerated & bonus depreciation due to fee simple ownership
Broker of Record
- Bill Pedersen
- License No. 80041 (GA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203