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.
|
Additional Details
| Nearest MSA: |
Auburn |
| County: |
DeKalb |
| Tax ID/APN: |
17-05-36-200-032.000-012 |
| Zoning: |
COMMERCIAL |
| 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 |
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 |
|
The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Property Information Exchange (CPIX) nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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