Shopping Strip
6811 Tara Blvd
6811 Tara Blvd, Jonesboro, GA 30236
Listing Price: $1,165,000
Investment Overview
Marcus and Millichap is pleased to present this Two-Tenant NNN property for sale in Jonesboro, Georgia. This property is situated on the bustling Tara Blvd experiencing over 70,000 Vehicles per day. Both tenants are on triple net leases, making this a very low maintenance investment where the only landlord responsibility is roof and parking lot.
The current income is strong, boasting an 8.50% cap rate on day one, with many tenants having annual rental escalations. The rents here are only 58% of what the market supports, therefore tenants are well-positioned, and if a vacancy were to occur, the unit could likely be re-leased at a significantly higher rate. The property has maintained great condition and stands to be a strong investment for the future.
6811 Tara Blvd
Investment Highlights
- 8.50% Cap Rate Day One
- 3% Annual Increases for VIP New Orleans Seafood
- NNN Leases, Landlord is Only Responsible for Roof and Parking lot
- Tenured Tenant History (Cash America Pawn has Been Here Over 25 Years, and New Orleans Seafood Over 10 Years)
- Located Amidst the Atlanta MSA | 3rd Fastest Growing MSA in the Country
Exclusively Listed By
Broker of Record
Listing Price: $1,165,000
Investment Highlights
- 8.50% Cap Rate Day One
- 3% Annual Increases for VIP New Orleans Seafood
- NNN Leases, Landlord is Only Responsible for Roof and Parking lot
- Tenured Tenant History (Cash America Pawn has Been Here Over 25 Years, and New Orleans Seafood Over 10 Years)
- Located Amidst the Atlanta MSA | 3rd Fastest Growing MSA in the Country
Investment Overview
Marcus and Millichap is pleased to present this Two-Tenant NNN property for sale in Jonesboro, Georgia. This property is situated on the bustling Tara Blvd experiencing over 70,000 Vehicles per day. Both tenants are on triple net leases, making this a very low maintenance investment where the only landlord responsibility is roof and parking lot. The current income is strong, boasting an 8.50% cap rate on day one, with many tenants having annual rental escalations. The rents here are only 58% of what the market supports, therefore tenants are well-positioned, and if a vacancy were to occur, the unit could likely be re-leased at a significantly higher rate. The property has maintained great condition and stands to be a strong investment for the future.
Exclusively Listed By
Broker of Record
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