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Miscellaneous

Jared - Recent Five Year Lease Extension

9310 The Landing Dr, Douglasville, GA 30135

Listing Price: $2,920,000

Cap Rate
6.85%
Tenant Name
Jared
Years Remaining On Lease
3.0
Gross SF
5,760
Guarantor
Corporate Guarantee
Rentable SF
5,760
Price/Gross SF
$506.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.72

Investment Overview

Jared is an accessible luxury jewelry brand offering an exceptional selection of fine jewelry as well as both responsibly-sourced and lab-created diamonds. Jared is a Founding and Certified Member of the Responsible Jewelry Council, ranked among the top five companies in the world for the company’s commitment to responsible gem and mining sourcing. Jared operates more than 200 stores across the U.S. and online at Jared.com. The brand specializes in engagement and bridal jewelry, gifts for all occasions, and timepieces. Jared curates collections of fine brands with well-known luxury designers. The city of Douglasville is the county seat of Georgia’s Douglas County with a population of approximately 34,000. Douglasville is part of the Atlanta Metro Area, located approximately 20 miles west of Atlanta. Douglasville is a vibrant community that continues to grow and benefit from its proximity to Atlanta, while preserving its small-town atmosphere. Downtown Douglasville is a nationally designated Main Street and is listed on the National Register of Historic Places. With an overall population of 5.9 million throughout the 29-county metro area in northwestern Georgia, Atlanta is the ninth-largest Metropolitan Statistical Area in the United States. Due to few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, thus increasing the metro’s population. Over the next few years, the region is expected to add over 290,000 residents. Meanwhile, Mercedes-Benz Stadium has been a catalyst for redevelopment in the urban core of Atlanta. New projects in the downtown and midtown sections of the city present a vast array of housing, entertainment, and retail opportunities.

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease
  • Tenant Recently Exercised First Renewal Option, Showing Commitment to the Site
  • 10 Percent Rental Increase in December 2024
  • 92,752 Residents Within a Five-Mile Radius - Atlanta MSA
  • Positioned at a High Traffic Intersection, with Over 27,800 Cars per Day at the Corner of Douglas Boulevard and Chapel Hill Road
  • Situated Within The Landing at Arbor Place, Anchored by Arbor Place Mall
  • Located in a Dense Retail Corridor - National Tenants Include Target, LA Fitness, Sam's Club, Lowe's, McDonald's, and More
  • Immediately Off the I-20 Freeway (112,000 Cars per Day), a Major Interstate Connector with Direct Access to Downtown Atlanta

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Miscellaneous

Jared - Recent Five Year Lease Extension

Listing Price: $2,920,000

Cap Rate
6.85%
Tenant Name
Jared
Years Remaining On Lease
3.0
Gross SF
5,760
Guarantor
Corporate Guarantee
Rentable SF
5,760
Price/Gross SF
$506.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.72

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease
  • Tenant Recently Exercised First Renewal Option, Showing Commitment to the Site
  • 10 Percent Rental Increase in December 2024
  • 92,752 Residents Within a Five-Mile Radius - Atlanta MSA
  • Positioned at a High Traffic Intersection, with Over 27,800 Cars per Day at the Corner of Douglas Boulevard and Chapel Hill Road
  • Situated Within The Landing at Arbor Place, Anchored by Arbor Place Mall
  • Located in a Dense Retail Corridor - National Tenants Include Target, LA Fitness, Sam's Club, Lowe's, McDonald's, and More
  • Immediately Off the I-20 Freeway (112,000 Cars per Day), a Major Interstate Connector with Direct Access to Downtown Atlanta

Investment Overview

Jared is an accessible luxury jewelry brand offering an exceptional selection of fine jewelry as well as both responsibly-sourced and lab-created diamonds. Jared is a Founding and Certified Member of the Responsible Jewelry Council, ranked among the top five companies in the world for the company’s commitment to responsible gem and mining sourcing. Jared operates more than 200 stores across the U.S. and online at Jared.com. The brand specializes in engagement and bridal jewelry, gifts for all occasions, and timepieces. Jared curates collections of fine brands with well-known luxury designers. The city of Douglasville is the county seat of Georgia’s Douglas County with a population of approximately 34,000. Douglasville is part of the Atlanta Metro Area, located approximately 20 miles west of Atlanta. Douglasville is a vibrant community that continues to grow and benefit from its proximity to Atlanta, while preserving its small-town atmosphere. Downtown Douglasville is a nationally designated Main Street and is listed on the National Register of Historic Places. With an overall population of 5.9 million throughout the 29-county metro area in northwestern Georgia, Atlanta is the ninth-largest Metropolitan Statistical Area in the United States. Due to few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, thus increasing the metro’s population. Over the next few years, the region is expected to add over 290,000 residents. Meanwhile, Mercedes-Benz Stadium has been a catalyst for redevelopment in the urban core of Atlanta. New projects in the downtown and midtown sections of the city present a vast array of housing, entertainment, and retail opportunities.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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