About This Restaurant
Investment Highlights
All leases are NNN Rents average $13.34/SF NNN, which is below market. Average traffic count +/- 10,480 daily Currently 100% occupancy & fully leased Loan balance is assumable Located on the Columbus Fall Line Trace ("Dragon Fly Trail")
Executive Summary
+/- 20,363 SF retail strip center available for purchase in Columbus, Georgia. The current owner has renovated the entire complex from top to bottom. All new electrical, mechanical, lighting, storefronts, sewer, HVAC, and TPO roof systems are installed. The brand-new Thermoplastic Polyolefin (TPO) roof is a single-ply reflective roof. Brand new 3-ton HVAC units are for each suite. Trailside Shoppes is at 100% occupancy and fully leased. Great tenant mix that includes Rising Flour, China Star, Barber's Driving School, BTG Learning, Columbus Nutrition, Droolnolie's, LLC, Worth the Creation, Advance Rehab, Main Event, The Tiki Bar, Vape Empire, and Daiquiries & Po'boy's. Daily traffic count average of +/- 10,480 with close access to Manchester Expressway, Columbus State University, and Peachtree Mall.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Storefront General Retail Storefront Retail/Office General Retail Storefront Retail/Residential Restaurant
- Building Size 20,363
- Building Class B
- Year Built 1984
- Price 3,900,000
- Price Per SF 192
- Cap Rate 6.68
- NOI 260,415
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.27
- Land Acres 1.74 AC
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Property Taxes
Parcel Number | 069-011-001 | Improvements Assessment | $254,668 |
Land Assessment | $1,177,442 | Total Assessment | $1,432,110 |
Date Created: | 2024-07-16 04:13:35 | Last Updated: | 2024-07-16 04:13:35 |
Address: | 3709 Gentian Blvd , Columbus, Georgia, 31907 |