Toccoa Glass

341 Big A Road, Toccoa, GA

$895,000

Price

1.68 sqft

Lot Area

100%

Occupancy

Overview
Lot Area
1.68 sqft
Occupancy
100%
Lease Type
Triple Net
Year Built
1
Price Per Sqft
$103.59
Tenancy
Single
Lease Expire Year
06/01/2024
Description

NNN LEASE STRUCTURE
Under the current NNN lease structure, the subject tenant is responsible for all costs and expenses associated with owning the property.

DESIRABLE ASSET CLASS
The growth of the e-commerce industry has been a catalyst for an overall increase in industrial asset investment sales. The subject tenant’s asset class is considered flex with a mixture of retail and industrial. The industrial component of the asset provides an attractive build-out for a wide variety of tenants.

RECENT TENANT IMPROVEMENTS
Toccoa Glass Co. has recently invested +/- $25,000 into the asset with future plans for more improvements in 2020.

SURROUNDING RETAIL PRESENCE
The subject tenant is positioned in a dense retail corridor with many local and national tenants. The surrounding tenant mix includes; Save A Lot, Family Dollar, Bealls, Tractor Supply Co., Badcock Home Furniture, etc. The surrounding retail adds value to the locations underlying real estate and better serves the tenant.

ADDITIONAL ANNUAL INCOME
The subject investment opportunity includes a rental house on the adorning property that currently provides a supplemental yearly income of $13,200.

Documents
Title
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Location
Gallery