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West Marine | NNN Investment – Listing Details

5221 Lanier Islands Pkwy, Buford, GA 30518

  • For Sale Subject To Offer
  • City Buford
  • Neighborhood Wildwood
  • Zip Code 30518
  • Property Type Retail - Freestanding
  • Property Size 14,620 Sqft
  • Lot Size 1.24 Acre
  • Property Tenancy Single Tenant
  • Year Built 2011
  • Date Updated 16 Jun, 2021
Buford is a city in Gwinnett and Hall counties in the U.S. state of Georgia. As of the 2010 census, the city had a population of 12,225. Most of the city is in Gwinnett County, which is part of the Atlanta-Sandy Springs-Marietta Metropolitan Statistical Area.
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Location

  • City Buford, GA
  • Neighborhood Wildwood
  • Zip Code 30518

Contacts

broker

Fabio Faerman, CCIM

FA Commercial

(786) 262-9966

Highlights

  • Property Type: Single-tenant retail building occupied by a West Marine. Recently built in 2011
  • CAP: 5%
  • NOI: $193,256
  • Lot Size: 1.24 Acres
  • Lease Terms: 10-year initial term (commencing in May 2011) with 3/ 5-year renewal options, 10% rent increases every 5 years
  • Tenant Responsibilities: Property Taxes, Utilities, Maintenance Costs
  • Roof Maintenance Contract, Sprinkler Maintenance, Property Insurance (Paid by landlord, reimbursed by tenant)
  • Real Estate Taxes: $14,253
  • Annual Insurance Expense: $1,114
  • Excellent Location: Located in Buford, GA, part of the Atlanta MSA and is 40 miles north of downtown Atlanta
  • Nearby Lake Lanier & Holiday Marina (7.5 million annual visitors, 1,300 Boat Slips)
  • High Income / Higher Density Area: $85,000+ household income over a 10-mile radius

Attachments

Contact Listing Broker

broker

Fabio Faerman, CCIM

FA Commercial

(786) 262-9966

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