6811 Tara Blvd | Jonesboro, GA 30236
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6811 Tara Blvd
Jonesboro, GA 30236
Cash America Pawn · Retail Property For Sale
Investment Highlights
- Tenured Tenant History (Cash America Pawn has Been Here Over 25 Years, and New Orleans Seafood Over 10 Years)
- Avg. Rent at This Property is $9.84/SF, the Market Supports $16.89/SF NNN (Costar
- Priced Well-Below Replacement Cost at $116.50/SF
- NNN Leases, Landlord is Only Responsible for Roof and Parking lot
- Low Property Rent Minimizes Tenant Risk of Default 70,000 Vehicles per Day off Tara Blvd Ensures Strong Retail Demand
- Densely Populated Area With 13,055 People in a 1-Mile Radius
Executive Summary
Marcus and Millichap is pleased to present this Two-Tenant NNN property for sale in Jonesboro, Georgia. This property is situated on the bustling Tara Blvd experiencing over
70,000 Vehicles per day. Both tenants are on triple net leases, making this a very low maintenance investment where the only landlord responsibility is roof and parking
lot. The current income is strong, boasting an 8.50% cap rate one day one, with many tenants having annual rental escalations. The rents here are only 58% of what the market supports, therefore tenants are well-positioned, and if a vacancy were to occur, the unit could likely be re-leased at a significantly higher rate. The property has maintained great
condition and stands to be a strong investment for the future.
70,000 Vehicles per day. Both tenants are on triple net leases, making this a very low maintenance investment where the only landlord responsibility is roof and parking
lot. The current income is strong, boasting an 8.50% cap rate one day one, with many tenants having annual rental escalations. The rents here are only 58% of what the market supports, therefore tenants are well-positioned, and if a vacancy were to occur, the unit could likely be re-leased at a significantly higher rate. The property has maintained great
condition and stands to be a strong investment for the future.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built
1985
Price
$1,165,000
Price Per SF
$117
Cap Rate
8.50%
NOI
$99,038
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.31
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
GB, County
Parking
45 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
130 FT on Tara
PROPERTY TAXES
| Parcel Number | 13-0147D-00A-021 | Improvements Assessment | $190,160 |
| Land Assessment | $65,000 | Total Assessment | $255,160 |
PROPERTY TAXES
Parcel Number
13-0147D-00A-021
Land Assessment
$65,000
Improvements Assessment
$190,160
Total Assessment
$255,160
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