This property has sold.

Details: Retail

Asking Price: $990,000

Square Feet: 1,855 SF

Asking Cap Rate: 5.15%

NOI: $51,000

SOLD – Enterprise Rent-A-Car

855 Whitlock Ave NW, Marietta, GA 30064

Marketing Description

  • Trophy location within the Marietta market
  • Store has relocated from another location within the trade area
  • Tenant has over 20-year operating history in the trade area
  • Property located on one of the primary commercial corridors in the Marietta, GA market
  • Traffic Counts
  • Whitlock Ave: 27,568
  • Conveniently located along a primary retail corridor within the market
  • Area retailers include:
  • Kroger, Lidl, Goodwill, Dollar Tree, and more
  • Across the street from Cobb County Government Center
  • Located less than half a mile from Marietta High School with almost 2,200 students

 

 

Investment Highlights

  • NNN Lease
  • Zero Landlord Responsibilities during initial term
  • 5-year initial term
  • 3, 5-year options
  • 5.5% Rental increases with each option
  • Corporately guaranteed lease
  • Investment grade tenant:
  • Standard & Poors: A-
  • Moody’s: Baa1
  • DBRS: A
  • Parent company: Enterprise Holdings
  • Revenue (2020): $22.5 Billion
  • Tenant spent $165,000 to renovate the property and building
  • Work Included: Roof replacement and repair, car wash station equipment, interior build out

This property has sold.