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Corporate Verizon | Super Target Outparcel

1844 Jonesboro Rd, McDonough, GA 30253, USA
$2,727,200

Description

Marcus & Millichap is pleased to present this single tenant net leased Verizon store in McDonough, Georgia. McDonough is located just a short 20 miles south of downtown Atlanta. The fee
simple lease, backed by Verizon Corporate, was just renewed for an additional five years in 2016 without a request for reduction in rent, representing the Tenant’s commitment to the location.
There is one additional five-year option period with a 10 percent increase in rent. This is an ideal passive investment opportunity with very minimal landlord responsibilities being offered at seven
and a half percent capitalization rate.
The subject property consists of a 4,000 square foot retail space with ample parking on a large 1.41-acre parcel, currently leased by Verizon Wireless. It is strategically located on Jonesboro Road
with traffic counts in excess of 33,240 per day and benefits from over 82,988 full time residences with an affluent house hold income exceeding $97,167 annually.
The subject property is an out parcel to Henry Town Center (Shopping Center with 218,584 square foot of retail space) anchored by Target, Marshalls, The Home Depot, Old Navy, GNC, Michaels, PetSmart, Famous Footwear. National and Regional retailers in the immediate area including SunTrust, Dick’s Sporting goods, Longhorn Steakhouse, Golden Corral, AutoZone, LA Fitness, Regal Cinemas, Best Buy, Red Lobster, Sam’s Club, and Shell to name a few.
Verizon Wireless is an innovative wireless communications company that connects people and business with the most advanced wireless technology and service available. As the nation’s largest wireless company, they serve 106.2 million retail connections and operate more than 2,330 plus retail locations in the United States.

  • Rare Corporate Guaranteed Verizon Lease
  • Tenant has been at this location Since 2005 showing strong commitment to the site
  • Outparcel to a 600,000 Square Foot Super Target Anchored Power Center
  • Over 82,988 Residents in the Market Area with Average Household Income Exceeding $97,000 Per Year
  • Located just 1,100 feet from the I-75 Exit at Jonesboro Road (I-75 has more traffic counts in excess of 132,000 VPD)
  • Short 20 minute Drive to Downtown Atlanta

Property Documents

  • City: McDonough
  • State/county: Georgia
  • Zip/Postal Code: 30253
  • Country: United States

Detail

  • Price: $2,727,200

Additional details

  • CAP Rate: 7.50%
  • NOI: $204,540

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