Howell Mill Shops 1923 Howell Mill Rd NW

Investment Highlights

Feet Retreat Spa Massage: 10-Year Lease | Corporate Signed | Anchoring Tenant | 10% Rental Increases NNN Leases | Fee-Simple Ownership | Limited Landlord Responsibilities Directly off Interstate 75 | Brand New Remodel | Excellent Visibility & Access | Additional Parking Teriyaki Madness: 10-Year Lease | Corporate Signed |Annual Rental Increases Fronting Howell Mill Road | Dense Retail Corridor | Howell Mill Village | The District at Howell Mill Strong Demographics in 5-mile Trade Area | Direct Residential Consumer Base

Executive Summary

Feet Retreat Spa Massage? Brand new 10-year lease with 1 (5-year) options to extend? The lease is signed by Massage Romantic, Inc.? Tenant occupies 66% of the GLA, making them the anchoring tenant? The lease features 10% rental increases every five years and at the beginning of each option, growing NOI and hedging against inflationTeriyaki Madness? Brand new 10-year lease with 2 (5-year) options to extend? The lease is signed by Georgia Madness, Inc., the Georgia entity of Teriyaki Madness which has more than 150 locations nationwide? Annual rental increases, growing NOI and hedging against inflation

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Restaurant Storefront Retail/Office
• Building Size    5,969
• Building Class    B
• LoopNet Rating    4 Star
• Year Built/Renovated    1959/2022
• Price    3,968,000
• Price Per SF    665
• Cap Rate    6.10
• NOI    242,062
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.32
• Land Acres    0.43 AC

• Freeway Visibility
• Restaurant
• Signage