1411 Shook Drive

Retail-Commercial for Sale
Catylist Listing ID: 30285723
Property Subtypes: Free-Standing Building, Garden Center, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 10,926 SF
Gross Land Area: 2.48 Acres
Sale Price: $1,400,000
Unit Price: $128.13 PSF
Property Use Type: Vacant/Owner-User
Building Name: Paradise Buffet
Usable Size (USF): 10,926 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/13/2018

Overview / Comments

Excellent investment opportunity on this single tenant net lease property. NOI is $100,800 per year with a cap rate of 7.2%. Current tenant, Paradise Buffet, is now over 5 years into a 10-year lease. Highly visible location in fast growing commercial area situated at Auburn's most heavily traveled intersection at Hwy 8 and the I-69 exit.

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Additional Details

Nearest MSA: Auburn
County: DeKalb
Tax ID/APN: 17-05-36-200-032.000-012
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: SR 8
Traffic/Vehicle Count: 38,075
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2004
Roof Type: Gable
Construction/Siding: Wood Frame
Sprinklers: Wet

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,515 18,007 28,287
Median Age: 33.45 36.68 37.67
Households: 627 7,141 10,903
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