Investment Offering – $4,534,300
1547 Powers Ferry Rd | Marietta, GA
|NOI: $226,715||Cap Rate: 5.00%|
|Lease Term:||Remaining Term: 10|
|Lease Type: NNN||Building Sq. Ft.: 6,749|
|Renewal Options: Four (4), Five (5) Year Options|
- $189 + million in deposits
- Dense Infill Location, Signalized Intersection, lots of businesses in Area
- 10 Years remaining on lease with 10% increases every 5 years
Investment Grade Tenant, A Rating, Stable Outlook
- NNN Wells Fargo Ground Lease with a 10 years remaining on base term with four, 5 year renewal options
- High-visibility, freestanding location with a 5 drive-thru lanes
Long operating history – Wells Fargo or predecessor bank has been at this location since 1985
- Prominent outparcel to The Towers at Wildwood Plaza which has close proximity to the Cumberland business district and conveniently located just east of I-75, as well as being only minutes from I-285.
- A few tenant names in the Plaza are GE, Allstate Insurance, IBMSECU, Kellen & Co. and Vonage, maintain offices at Wildwood Plaza which is also located adjacent to the Chattahoochee River Park.
- Signalized corner with excellent access points and excellent traffic counts (40k VPD)