NON RECOURSE ASSUMABLE-BrIck, Great looking strip center built in 2006. Has 6 spaces. Tenants include a Restaurant and a suntan business. One of the busiest intersections in Gordon County LONG TERM LEASES. 20,000 cars a day pass by. Property Tax is $5,800. 100% Occupied. payment. $7,984. This includes taxes (most likely) escrow is $800 included in payment (need to verify) Interest 6.75% w a 20 year amortization. Due in 2028 and it will be paid off. Current Balance is $837,553 Buyer needs 3 years personal financials, tax returns 3 years p t l from property 2% assumption fee. ***No commission split is being offered on this property.
* The Towers is infamous in Downtown Griffin and Total of 6 stories-- Basement, Restaurant floor, plus 4 floors above possibility for dorms, loft/living area or office spaces! *Located on well known intersection, one direction goes 1-75 and the other towards Newnan and Peachtree City. *Plenty of parking places, included city parking and 4 level public decking about a block away. * Each floor is approx. 3,000 sq. ft. Equal a total of 18,000 sq. feet total building. * $40,000 in window replacements included for the top 4 floors. * Vents for restaurant area ready to be stationed. * Basement is possibility for laundry section and/or storage. * Vanilla Box ready * Built 1920's (1928) * 100% concrete-- The building use to be an old civil defense building (well built) * Perfectly located on the main road and busy area in Downtown Griffin. * Dorm and Liquor permit ready for next building owner. * Newer aged elevator included with building
This store opened in 2014 and is leased to Family Dollar Stores, Inc. for 15 years with an expiration of September 30, 2029 at an annual net rent of $95,432. There are six, five year options. The rent increases by 10% in year 11 of the initial term and at the beginning of every 5 year option period. The lease is net, with the tenant responsible for taxes, insurance, and all maintenance, including roof and structure. Family Dollar relocated to this site from an older, mid-block, store roughly three quarters of a mile to the south of the property, indicating Family Dollar's strong desire to operate in Summerville.
Strong Burlington Anchor - Burlington Coat Factory' s (NYSE:BURL) stock is up 70% since its IPO last year due to their robust 2014 sales of over $4 Billion. They are outpacing the discount apparel industry with a unmatched annual sales growth rate of 8%. Regional Flagship Location for Burlington - This Burlington Location is a relocation of a store that was in operation on the same street for 30 years. Since the move the above average sales are increasing and a portion of the space has been allocated as regional headquarters office space. Surrounded by National Retailers Buford Highway is one of the primary retail corridors in North Atlanta. Outparcels and Neighboring Traffic Generator include Wells Fargo, Chick Fil A, McDonalds, Krispy Kreme, Advance Auto, the Nationally Renowned Buford Highway Farmers Market, and more. New Roof and No Deferred Maintenance - Over 50% of the Roof was replaced in 2014 along with other repairs and upgrades. There is currently no deferred maintenance on the 190,167 SF property.
Marcus & Millichap is pleased to present the Dollar General in Albany (Dougherty County), GA. Albany is located 183 miles Southwest of Atlanta, GA and 80 miles Northwest of Tallahassee, FL. Albany is the eighth largest city in Georgia and the county seat of Dougherty County. The subject property is well located on Hill Road just off SR 520 (ADTC: 43,760) and US 82 (ADTC: 11,120). Albany is the hub of Southwest Georgia for healthcare, retail, cultural activities, manufacturing and higher education. The Marine Corps have a logistics base not far from this property with 2,400 active service men and women. Dollar General will occupy a brand new 9,100 square-foot freestanding store operating under a new 15-Year Absolute NNN Corporate lease with 10% increases at the beginning of each of the four, five year option periods. The tenant is responsible for all maintenance of the premises as well as insurance and tax expenses. The subject property is currently under construction with an expected delivery date of January 2015
Long Term Corporate Lease - The subject property has a brand new 15year Corporate Guaranteed Lease with Dollar General with 4, 5-year option periods. New Construction - New traditional 9,100 SF corner entry building with split-face block on two sides. Scheduled delivery of April 2015. Rent Increases - There are 10% rent increases in each of the 4, 5-year option periods. Absolute Net Lease (NNN) - The Tenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance. Investment Grade Tenant - In 2014 Dollar General (NYSE: DG) reported Sales of $17.8 billion and a net worth over $5.4 billion. The company operates over 11,000 locations and currently holds an investment grade credit rating of BBB-/Stable with S&P. Near Moody Air Force Base - The subject property is well located State Route 125 just over a mile away from the Moody Air Force Base. Moody AFB opened in 1941 and is home to approximately 6,100 military and civilian personnel.
One block from new Walmart Super Center. Two blocks from Augusta Mall. Free standing 5,750 SF building on very busy highway. Includes 30 feet high, 200 SF street pylon sign. Property includes 31 parking spaces that could be increased to 34 spaces if desired with 9 spaces on front row just 20 feet from busy highway. Rear of building has a bay door. There is an additional 600 SF of office and storage space upstairs. There are also two 8' X 20' heavy duty storage containers located at the rear of the building that will stay with property.
Marcus & Millichap is pleased to exclusively offer for sale the Kohl's Department Store located in Gainesville, GA, a bedroom community of Atlanta approximately 25 miles northeast of downtown. Gainesville is the County Seat of Hall County and is located at the northern corner of Lake Lanier. The population in the 3-, 5-, and 10-mile radius of the subject has more than doubled in the past 10 years and is projected to still grow more than 3% over the next 5 years.
Foreclosed childcare center. Very visible location at the intersection of James Mayfield Blvd (Hwy 92) (daily traffic count of 17,000) and Bradley Drive (daily traffic count of over 4,000). Has 573 feet of frontage along road. Is located less than 2 miles from three Elementary school! It had a licensed capacity of 229. Includes: Eight large classrooms, lunch/activity room, kitchen, lobby,director's office. Has bathrooms/water faucets in all classrooms, so this building could be used for a doctors, dentist, or veterinarian practice; because of it prime location, an emergency medical clinic. It could also be used as a personal care home (per an architect specializing in the personal care home industry, it could fit 20 double rooms and 10 single rooms). It could also be used as a daycare for seniors. Two school buses and all equipment, furniture, and toys included in the price. Save money by buying a furnished facility. The cost of buying new furniture and buses for a childcare center could run $250k When it closed in May 2013, it had an enrollment of 130.
This childcare center closed in May 2013 and is in foreclosure. When this childcare center closed in May 2013, the unemployment rate in Dallas and Paulding county was 7.7%... and now the unemployment rate has dropped to 5.6%. When it was open, it had revenue of about $700k and was very profitable ($270k to $310k). It had a licensed capacity of 190. Includes: Eight large classrooms, lunch/activity room, kitchen, lobby,director's office. When it was open, their rates were $175 for infants and $155 for other ages& which is competitive in the area. This is an excellent location with good road frontage and the childcare center is adjacent * with connected parking lots * to Kroger shopping center. Has bathrooms/water faucets in all classrooms, so this building could be used for a doctors, dentist, or veterinarian practice; because of it prime location, an emergency medical clinic. It could also be used as a personal care home (per an architect specializing in the personal care home industry, it could fit 20 double rooms and 10 single rooms). It could also be used as a daycare for seniors. Zoned Commercial!