Northern Tool & Equipment - Conyers, GA
1454 Old Salem Road Southeast, Conyers, GA, 30013, US
₱226,075,000 | 2,046 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the Floor & Décor located at 1478 Old Salem Road Southeast in Conyers, Georgia (“Property” or “Asset”). Floor & Decor is operating on an absolute NNN ground lease lease with ±11.5 years of primary lease term remaining, 10.0% rent escalations every 5 years, six, five-year renewal options and zero landlord responsibilities.
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Attributes
Asking price
₱281,038,000
Cap rate
6.5%
NOI
₱18,268,000
WAULT
11.5 years
Building area net
7,246 sm
Media
Investment highlights
- Absolute NNN ground lease with ±11.5 years of lease term remaining and zero landlord responsibilities
- Co-anchor to Salem Gate shopping center with 1.1 million visits annually
- The nearest Northern Tool is over 14 miles from the Property
- I-20/Hwy 138 intersection with direct visibility to 165,000+ VPD
- Positioned within a super regional retial destination and a top 15% retail node in GA
- Explosive 24% population growth since 2010 within a 1-mile radius
- Floor & Décor is a leading specialty retailer of hard surface flooring
Contact brokers
Floor & Decor - Conyers, GA (0 Properties)
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Last updated
Aug 19, 2025
