341 Furniture Dr - Freestanding FOR SALE


Cornelia, GA 30531
$2,427,000 USD
470-344-2586
341 Furniture Dr, Cornelia, GA for Sale
$2,427,000 USD
Freestanding - FOR SALE
1/9
null | 6% Cap Rate

341 Furniture Dr
Cornelia, GA 30531


HIGHLIGHTS

  • Over 9 Years Remaining | Scheduled Rental Increases | Established Brand
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Next to Future NE Georgia Hospital | Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Located Along U.S. 441 (32,500 VPD) | Excellent Visibility
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• The tenant currently has over 9 years remaining on their lease with 3 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and option periods, steadily growing NOI and hedging against inflation • More than 25 years later since being founded, the network includes 1,000+ Aspen Dental locations nationwide

FOR SALE DETAILS

PRICE

$2,427,000 USD

PRICE/SF

$693 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Dental | 9+yrs Remaining Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

General Commercial

APN/PARCEL ID

083-037

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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