Two-Tenant Retail Investment Property | ± 12,000 SF | ± 0.75 Acres

Highlights:

• Fully leased two-tenant retail building in Marietta (Atlanta MSA)
• Located in a heavily commercial area on heavily traveled Canton Road just south of its intersection with Piedmont Road
• ± 12,000 SF building set on a ± 0.75 acre NS zoned corner site

Description:

This two-tenant, one-story retail building sits on a corner site on Canton Road in Marietta (Atlanta MSA). The ± 12,000 SF building is leased to two local tenants on NNN leases. One has three years of term left and the other has nine months. The NOI is $94,124.64 yielding a 5.9% cap rate on a list price of $1,600,000. The building’s roof is eight years old and has one dock-high door in the rear and a roll-up door on its south side. The ± 0.75 acre parcel is zoned NS (Neighborhood Shopping District) by Cobb County allowing for a variety of commercial uses.

The property is set in a heavily commercial area near the intersection of Canton Road and Piedmont Road. Traffic counts on Piedmont Road are 29,471 VPD and 24,773 VPD on Canton Road. Piedmont Walk Shopping Center is next door to the subject and Piedmont Village Shopping Center is across the street from it. Market Square Shopping Center, anchored by Big Lots and Planet Fitness, lies 0.6 miles north. Other national retail establishments in the area include Firestone, Dunkin’, Taco Bell, Sherwin-Williams, Wells Fargo, Ameris Bank and TitleMax. Town Center Mall and I-575 are 2.7 miles west of the property and downtown Marietta is 5.4 miles south of it.

Marietta, GA

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