BELLINI TUSCAN RESTAURANT | 70 W Crossville Rd
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BELLINI TUSCAN RESTAURANT 70 W Crossville Rd
5,680 SF Retail Building Roswell, GA 30075 $2,399,988 ($423/SF) 6.25% Cap Rate
Investment Highlights
- Selling the real estate as an investment - leased through April 2034 with 2% annual increases and a 5 year option to extend at the end of the lease.
- NNN lease with no landlord responsibilities, thus ease of management
- Dense population with 166,225 people living within a 5 mile radius
- Attractive Italian restaurant in the affluent Roswell suburb of Atlanta
- Strong average 1-mile household income of $182,312 and is expected to increase by 15.96% to over $211,000 in the next 5 years
- Great visibility with 27,728 vehicles passing per day on West Crossville Road, (Hwy 92) and 28,568 vehicles passing per day on Crabapple Road
Executive Summary
Price Reduced...Bellini Osteria Toscana has quickly established itself as a distinguished dining destination. Renowned for its authentic Tuscan cuisine, the restaurant has received high praise for its exceptional food quality and warm, inviting atmosphere. Notable achievements include the introduction of traditional Italian dishes crafted by chefs brought in from Italy, ensuring an authentic culinary experience. Customers have consistently lauded the restaurant for its attentive service and delightful ambiance, making it a favorite spot for both casual and special dining occasions. www.belliniosteriatoscana.com
The location is ideal for a high quality Italian restaurant, and this has been an established restaurant location for over 40 years. The experienced operator recently moved from Connecticut to Atlanta leased the real estate from the landlord and previous restaurant operator. The interior has received a new renovation bringing the feel of Tuscany to this property. The area can support restaurants like this, with an average household income of $185,000 and with over 166,000 people living within 5 miles of the property.
The location is ideal for a high quality Italian restaurant, and this has been an established restaurant location for over 40 years. The experienced operator recently moved from Connecticut to Atlanta leased the real estate from the landlord and previous restaurant operator. The interior has received a new renovation bringing the feel of Tuscany to this property. The area can support restaurants like this, with an average household income of $185,000 and with over 166,000 people living within 5 miles of the property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,680 SF
Building Class
C
Year Built
1979
Price
$2,399,988
Price Per SF
$423
Cap Rate
6.25%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.04 AC
Zoning
C1, County
Parking
50 Spaces (8.8 Spaces per 1,000 SF Leased)
Frontage
286 FT on W Crossville Rd
Amenities
- Bus Line
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 12-1870-0393-075-7 | Improvements Assessment | $200,080 |
| Land Assessment | $327,600 | Total Assessment | $527,680 |
PROPERTY TAXES
Parcel Number
12-1870-0393-075-7
Land Assessment
$327,600
Improvements Assessment
$200,080
Total Assessment
$527,680
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BELLINI TUSCAN RESTAURANT | 70 W Crossville Rd
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