For Sale
$1,500,000

1361 Bells Ferry RdMarietta, GA 30066

High-growth market, 11.7 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 5,240 square foot, single-tenant, absolute NNN leased property located at 1361 Bells Ferry Rd, Marietta, GA 30066. The property, situated on 1.5 acres, is currently occupied by a national pet resort operator with over 180 locations across 40 states. The lease commenced July 29, 2021, and has a remaining term of approximately 11.7 years, expiring July 28, 2036, with three, 5-year renewal options. The current asking price is $1,500,000, representing a price per square foot of $286.26 and a 7.00% cap rate, with a current NOI of $105,000. Rent increases are built into the lease, with a 10% bump every five years, providing protection against inflation and increasing cash flow. The property benefits from its strategic location in a densely populated residential area with high average household incomes, within easy reach of major markets, including Downtown Atlanta (approximately 20 miles). The tenant's significant private equity backing ensures financial stability and supports continued growth. The recession-resistant nature of the pet services industry makes this a particularly attractive investment, given the robust and expanding market projected to reach $142 billion by 2025.

Property Details for 1361 Bells Ferry Rd

Property type
Retail properties, Office properties
Square Feet
5,240 SF
Buildings
1
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Marietta
County
Cobb
State
Georgia
Latitude
33.98418
Longitude
-84.55764
1361 Bells Ferry Rd, Marietta, Georgia

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1361 Bells Ferry Rd
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