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4275 Atlanta Hwy

1,661 SF Retail Building Bogart, GA 30622 $2,200,000 ($1,324.50/SF) 5.73% Cap Rate

Retail Space Georgia Bogart 4275 Atlanta Hwy, Bogart, GA 30622

INVESTMENT HIGHLIGHTS

  • TENANT: AFG SR Bogart, LLC dba Sonic Drive-In
  • RENT COMMENCEMENT: March 2022
  • OPTIONS: 3, 5-year options
  • LEASE TYPE: NNN
  • LEASE TERM: 20-years
  • STRONG RETAIL SYNERY: Near a high-concentration of the area's national tenants (Sam's Club, Publix's, Aldi, Academy Sports, etc)

EXECUTIVE SUMMARY

4275 Atlanta Hwy is currently leased to a Sonic franchisee on a 20-year NNN lease that commenced March of 2022. Base rent is currently $10,500 monthly, with 1.5% annual escalations after the first 5 years. All operating expenses are the responsibility of the tenant, and the lease offers 4 extension options of 5 years each.
•Lease Commencement: 3/2022
•Initial Lease Term: 20-years
•Lease Options: 4, 5-year options
•Near National Tenants: Sam's Club, Publix's, Aldi, Academy Sports, etc.
•Tenant: AFG SR Bogart, LLC dba Sonic Drive-In
Broker of Record | Michael Overton License No. 390356 (GA)

ATTACHMENTS

Investment Sale - 4275 Atlanta Highway, Bogart, GA

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,661 SF
Building Class
C
Year Built
2001
Price
$2,200,000
Price Per SF
$1,324.50
Cap Rate
5.73%
NOI
$125,975
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.17 AC
Zoning
C-G
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
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4275 Atlanta Hwy, Bogart, GA - AERIAL map view - Image1
4275 Atlanta Hwy, Bogart, GA - AERIAL map view - Image2

NEARBY MAJOR RETAILERS

StorageMart
Waffle House
Sunbelt Rentals
Grand Rental Station
Starbucks

PROPERTY TAXES

Parcel Number 044B-004-A Improvements Assessment $290,379
Land Assessment $257,400 Total Assessment $547,779

PROPERTY TAXES

Parcel Number
044B-004-A
Land Assessment
$257,400
Improvements Assessment
$290,379
Total Assessment
$547,779
(804) 754-5462

CONTACTS

  • Listing ID: 31134428

  • Date on Market: 3/6/2024

  • Last Updated:

  • Address: 4275 Atlanta Hwy, Bogart, GA 30622

More public record information on 4275 Atlanta Hwy, Bogart, GA 30622

The Retail Property at 4275 Atlanta Hwy, Bogart, GA 30622 is currently available for sale. Contact The Overton Group for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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4275 Atlanta Hwy, Bogart, GA for sale Building Photo- Image 1 of 4
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4275 Atlanta Hwy, Bogart, GA for sale Aerial- Image 2 of 4
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4275 Atlanta Hwy
(804) 754-5462 x

4275 Atlanta Hwy

1/2

Jake Viverette

(804) 754-5462

(804) 754-5462

Michael Overton

(252) 355-7006

(252) 355-7006

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