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Parachute Plasma 1301 N Express Way 4,005 sq ft Retail Property Griffin, GA 30223 £3,217,316 (£803.32/sq ft) 7.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Absolute Triple-Net (NNN) Lease with Attractive Rental Increases
- Recession Proof Tenant
- Growing Credit
- FDA Licensed Operator and Location
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Parachute Plasma located at 1301 N Express Way, Griffin, GA 30223. The site consists of roughly 6,010 rentable square feet of building space on an estimated 1.37-acre parcel of land. This Parachute Plasma is subject to a 20-year Triple Net (NNN) lease, which will commence upon the Close of Escrow*. The current annual rent is $322,894 and has scheduled increases of 2.00% annually starting year 7.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Property Size
4,005 sq ft
Costar Property Class
B
Year Built
2005
Price
£3,217,316
Price per sq ft
£803.32
Yield
7.50%
NOI
£241,299
Tenancy
Single
Number of Floors
1
Plot ratio
0.07
Total Plot Size
1.37 ac
Use Class
PCD - Planned Commercial Development
Frontage
150 ft on Express Way
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 066-01-065 | Improvements Assessment | £379,879 |
| Land Assessment | £178,472 | Total Assessment | £558,351 |
PROPERTY TAXES
Parcel Number
066-01-065
Land Assessment
£178,472
Improvements Assessment
£379,879
Total Assessment
£558,351
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Parachute Plasma | 1301 N Express Way
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