Children's Learning Adventure is a 25,737 square foot, free standing, new construction absolute NNN lease with no landlord responsibilities.
The subject property is an approximate 5,300-square foot, single-tenant retail building on approximately 1.29 acres of land. The property is leased to Circle K Stores INC., (with a corporate guarantee from Alimentation Couche-Tard Inc.) on an absolute net lease basis. Tenant is responsible for roof and structure. There are approximately seven and one half years remaining on the lease term,with one, 3-year option, four, 5-year options, and two, 10 year options to renew. The rent is scheduled to increase by five percent every five years. Advertised cap rate is based off of rent starting on 11/1/2015.
Dunkin' Donuts is the world's leading baked goods and coffee chain, serving more than 3 million customers per day. Dunkin' Donuts sells 52 varieties of donuts and more than a dozen coffee beverages as well as an array of bagels, breakfast sandwiches and other baked goods. Dunkin' Donuts has earned the No. 1 ranking for customer loyalty in the coffee category by Brand Keys for eight years running. Boston Coffee, Inc. is a partnership between two seasoned professionals who both have extensive experience in the retail restaurant industry. The first partner has successfully owned, financed and operated over 50 Dunkin Donuts, Hurricane Grill and Wings and Marco' s Pizza restaurants in Florida and Georgia. The second partner has over 16 years of experience as an operator of Taco Bell, Hurricane Gill and Wings, Marco' s Pizza and Dunkin Donuts, has a commitment to build 25 Dunkin Donuts / Baskin Robbins and 20 Marco' s Pizza locations, has a strong personal net worth and guaranteed the lease.
Shoppes at Glendalough is a 12,969 square foot unanchored strip center situated on approximately 2.56 +/- acres and located at 105 Glendalough Court in the city of Tyrone, GA. The center is currently 92 percent leased with one remaining vacant suite available. The 1,071 square foot vacant unit represents an excellent opportunity for an owner-user or value-add investor to further capitalize on current income, below market rent and a low building price per square foot basis of only $115. By leasing out the remaining unit for $15/square foot NNN, the proforma (total) leveraged return is estimated at approximately 25% annually. The property was built in 2006 as part of the "Glendalough Court" development. The development included Shoppes at Glendalough (subject retail), the adjacent 16,476+/- square foot professional office building and Glendalough Manor; a formal wedding/event facility. Since construction, the property has been well maintained and professionally managed-contributing to the overall attractiveness and curb appeal to prospective tenants. The property features 87 parking spaces with an overall FAR (building to land) ratio of only 0.12.
Leased to Rite Aid with 8+ years remaining on an absolute NNN lease. Rite Aid has a B (positive) credit rating with S&P Index. Rite Aid pays all taxes, insurance and maintenance including roof and structure.
Price Upon Req.335,151 SF
Auction.com, SRS Real Estate Partners and Lincoln Property Company present the opportunity to acquire Venture Pointe, multi-tenant power center consisting of eight 1-story buildings totaling 335,151 SF. The subject power center is well occupied and anchored by Kohl's, Big Lots and Lumber Liquidators. The lead anchor, Kohl's is leased through January 2022 and Big Lots is a new lease executed in 2013. The subject property is well located in an established retail corridor just off Pleasant Hill Road and only 0.2 miles from I-85. The property is relatively new, built in 1996 and has significant value-add potential. The buildings are constructed of steel framing and masonry. The site improvements includes asphalt paved parking areas, curbing, signage, landscaping, yard lighting and drainage. The property contains approximately 1,881 surface parking spaces, reflecting an overall parking ratio of 5.61 spaces per 1,000 SF of gross leasable area. The subject property is located along Venture Drive between Steve Reynolds Boulevard and W. Lidell Road in the Duluth community of Gwinnett County.
Marcus and Millichap is pleased to present an At Home investment opportunity located at 2875 George Busbee Parkway, in Kennesaw, Georgia. The subject property is a free-standing 141,284-square foot building situated on a 12.3 acre lot. The tenant, At Home, is currently operating under a triple-net (NNN) lease with 9 years remaining on the base term and four five-year options to renew. The asset is in the heart of the retail corridor of Kennesaw, adjacent to the Town Center at Cobb, a Simon Mall. Other surrounding retailers in the immediate area include Walmart, Costco, The Home Depot, Target, Best Buy and many more. At Home is a privately held home decor retail chain based in Plano, Texas. Owned and operated by At Home Group Inc., the store is a big box specialty retailer of home decor products with more than 50,000 unique items across broad product categories, including Furniture, garden, home textiles, housewares, patio, rugs, seasonal decor, tabletop decor and wall decor. From quirky to traditional, modern to exotic, At Home prides itself on having something for everyone.
Price Upon Req.16,244 SF
Auction.com and NGKF are pleased to offer for sale Northridge Square, a 16,244 SF retail property located in Sandy Springs, GA. The Property is situated along Roswell Rd at the intersection of Roswell Rd and Northridge Road, in Sandy Springs. The property consists of 16,244 SF of retail space divided among 4 buildings with a 50 surface space parking lot. There is one (1) curb-cut along Roswell Rd offering access to the shopping center: The signalized light features a turn signal dedicated to Northridge Square patrons. The center is outfitted to allow occupancy for up to 11 tenants. Currently, there is one (1) vacancy in the shopping center. The property is currently on a ground lease that is set to expire on April 30, 2046.Located at the lighted intersection of Roswell Rd and Northridge Road, Northridge Square has immediate access to the metro Atlanta area. The immediate surrounding area features a large commercial corridor with numerous nationally credited retail tenants as well as several residential communities.
Marcus & Millichap is pleased to offer for purchase a freestanding NNN leased asset with investment grade corporate credit. The asset is located in the Chattanooga MSA in Trenton, Georgia. The subject property is situated on a 1.31 acre lot with a 2,603 +/- square foot retail building and four covered gas pumps. Since gas sales at this location are more than 50 percent of total sales, this property should qualify for 15 year accelerated depreciation. The asset is accompanied by an absolute NNN corporate guaranteed lease by Couche-Tard (Circle K), which acquired The Pantry in March 2015. There are approximately 8.5 years remaining on the initial 20 year term with six, five year renewal options. In addition, the rent escalates in accordance with CPI increases or 6.5% every five years. Couche-Tard, based in Quebec, Canada, is publicly traded on the OTC Market under the ticker symbol ANCUF' and maintains a strong investment grade bond rating of BBB-' by Standard and Poor' s. It operates over 6,300 stores in the United States, Canada, and Europe.