Restaurant
Miller's Ale House | Sam's Club Outparcel | AHHI: $168,000+ | Atlanta MSA
10750 Davis Dr, Alpharetta, GA 30009
Listing Price: $2,909,000
Cap Rate
8.00%
Tenant Name
Miller's Ale House
Years Remaining On Lease
1.7
Guarantor
Corporate Guarantee
Rentable SF
6,500
Lease Type
NNN Ground Lease
Rent Per Square Feet
$35.80
Investment Overview
Marcus and Millichap is pleased to bring to market Miller's Ale House located in Alpharetta, GA.
Miller's Ale House | Sam's Club Outparcel | AHHI: $168,000+ | Atlanta MSA
Investment Highlights
- 2004 Build-to-Suit for Miller's Ale House | 6,500-SF Building on +/-1.66 Acre Parcel | Triple Net Ground Lease | With 2 Years Remaining
- 2% Annual Rental Increases in Base Term and in Each of Four, 5-Year Renewal Options | No Landlord Responsibilities
- Miller's Ale House Has 112 Locations in 10 States | Miller's Ale House is Owned by Roark Capital, a Major Private Equity Company With Over $37 Billion in Assets
- Roark Capital Owns Over 105 Brands in Restaurant, Consumer and Business Services, Fitness, and Education Industries | Miller's Ale House is Committed to Significant Growth and Plans on Opening 10-15 New Restaurants Per Year
- Outparcel to Sam's Club and Main Event Entertainment Center | Adjacent to 85-Unit New Construction Luxury Ivey Brooke Townhomes | Proximity to Nationally Recognized Tenants, Including: Walmart, Lowe's, Topgolf, REI, Wendy's, Spring Hill Suites, Homewood Suites, Chili's, Hyatt Place, TJ Maxx, PF Chang's and North Point Mall
- Property Has Excellent Visibility Located Just Off of U.S. Hwy-19, With 143,000 Vehicles Per Day and Mansell Road With 46,200 VPD | Davis Drive Was Extended in 2022 to Connect to Westside Parkway and Top Golf | Located in an Extremely Dense Office, Residential and Retail Hub | Alpharetta Has Become a Major Suburban Hub For the Atlanta Metro Area Economy | Alpharetta is Home to Almost 39 Million Square Feet of Office and Retail Space
- Strong Demographics: Daytime Population Exceeds 189,700 Within 5-Miles of the Property and is Expected to Increase by 2027 | Average Household Incomes Exceed $168,000 Within 5-Miles
- Alpharetta is Part of the Atlanta Metropolitan Statistical Area, Situated 30 Minutes From Downtown | The Atlanta MSA Has a Population of Over 6.1 Million, the Sixth Largest in the U.S.
Exclusively Listed By
Broker of Record
Financing By
Restaurant
Miller's Ale House | Sam's Club Outparcel | AHHI: $168,000+ | Atlanta MSA
Listing Price: $2,909,000
Cap Rate
8.00%
Tenant Name
Miller's Ale House
Years Remaining On Lease
1.7
Guarantor
Corporate Guarantee
Rentable SF
6,500
Lease Type
NNN Ground Lease
Rent Per Square Feet
$35.80
Investment Highlights
- 2004 Build-to-Suit for Miller's Ale House | 6,500-SF Building on +/-1.66 Acre Parcel | Triple Net Ground Lease | With 2 Years Remaining
- 2% Annual Rental Increases in Base Term and in Each of Four, 5-Year Renewal Options | No Landlord Responsibilities
- Miller's Ale House Has 112 Locations in 10 States | Miller's Ale House is Owned by Roark Capital, a Major Private Equity Company With Over $37 Billion in Assets
- Roark Capital Owns Over 105 Brands in Restaurant, Consumer and Business Services, Fitness, and Education Industries | Miller's Ale House is Committed to Significant Growth and Plans on Opening 10-15 New Restaurants Per Year
- Outparcel to Sam's Club and Main Event Entertainment Center | Adjacent to 85-Unit New Construction Luxury Ivey Brooke Townhomes | Proximity to Nationally Recognized Tenants, Including: Walmart, Lowe's, Topgolf, REI, Wendy's, Spring Hill Suites, Homewood Suites, Chili's, Hyatt Place, TJ Maxx, PF Chang's and North Point Mall
- Property Has Excellent Visibility Located Just Off of U.S. Hwy-19, With 143,000 Vehicles Per Day and Mansell Road With 46,200 VPD | Davis Drive Was Extended in 2022 to Connect to Westside Parkway and Top Golf | Located in an Extremely Dense Office, Residential and Retail Hub | Alpharetta Has Become a Major Suburban Hub For the Atlanta Metro Area Economy | Alpharetta is Home to Almost 39 Million Square Feet of Office and Retail Space
- Strong Demographics: Daytime Population Exceeds 189,700 Within 5-Miles of the Property and is Expected to Increase by 2027 | Average Household Incomes Exceed $168,000 Within 5-Miles
- Alpharetta is Part of the Atlanta Metropolitan Statistical Area, Situated 30 Minutes From Downtown | The Atlanta MSA Has a Population of Over 6.1 Million, the Sixth Largest in the U.S.
Investment Overview
Marcus and Millichap is pleased to bring to market Miller's Ale House located in Alpharetta, GA.
Exclusively Listed By
Broker of Record
Financing By
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