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1012 Iris Dr SW

12,000 SF 100% Leased Retail Building Conyers, GA 30094 $2,650,000 ($221/SF) 7.36% Cap Rate

Storefront Properties Georgia Conyers 1012 Iris Dr SW, Conyers, GA 30094

Investment Highlights

  • New 10-year master lease agreement
  • High visibility - Interstate 20 frontage
  • Lamar digital interstate billboard

Executive Summary

1012 Iris Drive boasts a new 10-year master lease agreement, Lamar digital interstate billboard (NOI includes billboard revenue), and high visibility from Interstate 20. Lease and financials available upon request.

Attachments

1012 Iris Drive-AY Flyer-2024
Iris Drive Survey

Data Room Click Here to Access

  • Offering Memorandum

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,000 SF
Building Class
B
Year Built
1978
Price
$2,650,000
Price Per SF
$221
Cap Rate
7.36%
NOI
$195,040
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.20 AC
Zoning
HSB - HSB Highway Service Business
Parking
100 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
60 FT on I-10

Amenities

  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Patriot Fiber, Inc.
  • Construction
  • -
  • $14.00
  • Triple Net
  • Oct 2034
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Patriot Fiber, Inc. Construction - $14.00 Triple Net Oct 2034
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1012 Iris Dr SW, Conyers, GA - aerial map view

Nearby Major Retailers

LongHorn Steakhouse
Buddy's Home Furnishings
Waffle House
Rent-A-Center
Piggly Wiggly
Bank of America
Truist
Sunbelt Rentals
Bank OZK
Hooters

PROPERTY TAXES

Parcel Number C11-0-01-001B Improvements Assessment $653,280
Land Assessment $121,880 Total Assessment $775,160

PROPERTY TAXES

Parcel Number
C11-0-01-001B
Land Assessment
$121,880
Improvements Assessment
$653,280
Total Assessment
$775,160
(770) 542-8480

Contact

  • Listing ID: 34046638

  • Date on Market: 12/2/2024

  • Last Updated:

  • Address: 1012 Iris Dr SW, Conyers, GA 30094

More public record information on 1012 Iris Dr SW, Conyers, GA 30094

The Retail Property at 1012 Iris Dr SW, Conyers, GA 30094 is currently available for sale. Contact Avison Young for more information.

Nearby Listings

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1012 Iris Dr SW
(770) 542-8480 x

1012 Iris Dr SW

Mark Wright, SIOR, CCIM

(770) 542-8480

(770) 542-8480

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