Shell Gas Station
$6,700,000.00
| Address | 2869 Salem Rd SE, Conyers, GA |
|---|---|
| Tenant | Shell Gas Station |
| Lease Term | 15 years close of Escrow |
| Cap Rate | 6% |
| NOI | $402,000.00 |
| Options | one Five years option with 1% annual rent increase |
Description
New Construction Shell Gas Station located at 2869 Salem Rd SE, Conyers, Georgia. This Absolute
Net investment grade (A+) commercial real estate asset is being offered at a 6% Cap rate. A new investor will enjoy a lease with approximately 15 years from the Close of Escrow and one five years option with 1% annual rent increase.
• Absolute NNN Lease – No Landlord Responsibilities
• Long term Lease—15 Years from COE
• New Construction
• Experienced Guarantor- 21 years of experience and 27 locations
• Located 1 Mile from Ingles Market Shopping Center—Nearby Tenants: O’Reilly’s Auto Parts, Pep Boys, Starbucks, Family Dollar, Taco
Bell and KFC
• High Traffic Counts with 37,708 vehicles per day on Salem Road
Southeast
• Affluent Market—$81,273 average household income in a 3 Mile
radius
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