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DOM: 88 Updated: 07.19.23 Posted: 04.29.23 Status: Sold     07.27.23

Summary

Price $715,000 $811,000
Built/Renov 2006
Tenant G&S Automotive
Cap Rate 8.22% 7.25%
Lease Type NN+
Guarantor Corporate
Size/SF 5,374
Lease Start 06-01-2020
#Units 1
Price/SF $133.05 $150.91
Expiration 05-31-2030
Tenant Type Automotive
NOI $58,800
R. Term 4.10
Ownership Fee Simple
Rent/SF $10.94
Increases 0.0%/0/yrs
Pop 5Mi 79,861
Lot/AC 0.10
Options 0/0yrs
AHHI 5Mi $98,523

Highlights

  • Over 7 years left remaining on current lease
  • Lease is NN+ with minimal landlord responsibilities (Roof and structure responsibilites are shared between tenant and landlord)
  • Lease contains below market rent
  • G&S Automotive is a well respected automotive tenant

Location Description

This 5374 square foot, build to suit G&S Automotive is strategically located along Knox Bridge Highway, which sees over 15,000 vehicles per day. The 5-mile radius consists of strong demographics with 79,243 residents and an AHHI of $98,523. Canton is the county seat of Cherokee County in Georgia. The Cherokee County Airport is located adjacent to I-575, 7 miles northeast of downtown Canton....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: G&S Automotive
  • Guarantor:Corporate
  • Company:G&S Automotive
  • # Units:1
  • Stock:Private

About Tenant

G&S Automotive Canton, Inc. is a full service automotive repair shop specializing in exhaust and performance serving the Cherokee County area for over 14 years. The company has over 60 years of...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,553 44,412 91,480
2023 Total Population : 4,221 41,439 85,223
2023 Employed Civilian Pop : 1,673 18,698 39,200
2023 Total Businesses : 195 1,404 2,336
2023 Average Household Income : $ 119,846 $ 109,637 $ 119,242
2023 Total Consumer Spending : $ 148 M $ 1350 M $ 3091 M
2023 Median Age : 40 36 37
2023 Total Households : 1,446 14,265 30,241
2023 Pop Age 25+: Bachelor's Degree : 891 5,504 13,525
2023 Average Home Value : $ 415,877 $ 400,579 $ 415,069
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Knox Bridge Highway Teems Rd 2021 17,500 0.06 mi
Knox Bridge Highway Hill Tatum Ln 2018 15,100 0.06 mi
Knox Bridge Highway 2019 15,200 0.06 mi
Marietta Highway Fowler St 2019 14,600 0.44 mi
Bells Ferry Road Ridge Pine Dr 2019 7,320 0.45 mi
Bells Ferry Rd N Pinecrest Dr 2010 6,820 0.53 mi
Marietta Highway Herndon Ln 2021 27,200 0.61 mi
Marietta Hwy Moose Loop Rd 2016 14,500 0.64 mi
Marietta Highway Goodwin St 2021 12,800 0.78 mi
Marietta Highway Fowler Dr 2018 15,300 0.78 mi

Listing Broker

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