4933 Memorial Drive, Stone Mountain, GA
Retail for Sale - $599,000 - 4,250 Sq. Ft. on 1.1 acres
Property Info
| CIMLS# | 85454 |
| Location 4933 Memorial Drive Stone Mountain GA 30083 | |
| Updated | October 6th, 2008 |
| Type | Retail |
| Price | $599,000 |
| Building | 4,250 Sq. Ft. |
| Land | 1.1 acres |
Property Description
This is an incredible opportunity to own an 8.6% cap rate net leased restaurant on Memorial Drive in Stone Mountain, Georgia. This location offers excellent exposure and visibility to the over 51,000 cars that pass nearby daily. The 4,250 square foot building sits on a 1.1 acre lot with 117 feet of road frontage on Memorial Drive and plenty of parking. The tenant is responsible for all expenses at the property including taxes, insurance, utilities, maintenance, and repairs; an absolute triple net lease. Please do not disturb tenant.
Contact Kyle Stonis, CCIM
404.876.1640 x123
Kyle@BullRealty.com
Financials
This solid restaurant / nightclub tenant is paying $51,600 per year NNN with 3% annual increases with a new 3 year lease.
