Lazy Dog - Alpharetta, GA
10800 Haynes Bridge Td and 6065 - 6075 North Point Parkway, Alpharetta, GA, 30022, US
PLN 28,425,000 | 780 m²
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant At Home (the “Property” or “Asset”) located at 361 Newnan Crossing Bypass in Newnan, GA.
The Property totals 86,773 SF and features a 15-year lease with a corporate guaranty from At Home, a unique home décor concept that offers up to 45,000 home décor items for every household room (the “Tenant”). The lease structure is an absolute NNN lease, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 2% annual rent bumps throughout the primary term & renewal options.
The asset has an affluent surrounding demographic profile, with residents in a 5-miles radius of the Property earning an average household income of $107,000+. Across the street from the Asset, the Ashley Park Center sees 4.6 million annual visitors.
The Offering provides investors with the opportunity to acquire over 12.5 years of passive cash flow from a national retail tenant, with in-place renewal options, and an exceptional surrounding demographic profile.
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Attributes
Building area net
7,922 m²
Occupancy
100%
Year built
2015
Land area gross
3.16 ha
WAULT
12.4 years
NOI
PLN 5,051,000
Media
Investment Highlights
- Across the Street from Ashley Park (4.5 Annual Visits)
- Over $107,000 Average Household Income in 5-Mile Radius
- 83% Population Growth Since 2010 in 1-Mile Radius Surrounding Property
- Situated Along Major Newnan Crossing (8,500 VPD)
- No Landlord Responsibilities
Contact brokers
At Home - Newnan, GA (0 Properties)
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Last updated
2 Oct 2024
