For Sale
$2,399,988

70 Crossville RdRoswell, GA 30075

High-ROI Italian Restaurant, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 5,680-square-foot, single-tenant, net-leased restaurant property located at 70 W Crossville Rd, Roswell, GA 30075. The property, built in 1979 and situated on a 0.94-acre lot, is currently 100% occupied by Bellini Osteria Toscana, a highly-rated Italian restaurant, under a NNN lease with a remaining term of 9.4 years (expiring April 29, 2034). The lease commenced December 31, 2023, and includes a 5-year renewal option at fair market value. The current annual net operating income (NOI) is $150,000, representing a 6.25% cap rate on the asking price of $2,399,988 ($422.53/sq ft). The restaurant benefits from a strong location in affluent Roswell, with a high average household income of $182,312 within a one-mile radius, projected to increase significantly in the coming years. The property enjoys excellent visibility, with high daily traffic counts on West Crossville Road (Hwy 92) and Crabapple Road. The lease features 2% annual rent increases, providing a built-in hedge against inflation. Shared parking access with an adjacent shopping center further enhances the property's appeal. The property is zoned C1, County. This is a turnkey investment with minimal landlord responsibilities, offering significant long-term upside potential and a strong return on investment. The tenant, an experienced operator, has provided a personal guarantee on the lease.

Highlights

  • Investment opportunity: Net lease with Bellini Osteria Toscana; 9.4-year remaining term (10.3 years total) with 2% annual rent increases and a 5-year extension option.
  • Successful Italian restaurant in affluent Roswell, GA, a suburb of Atlanta.
  • Experienced operator with a personal lease guarantee.
  • NNN lease commenced January 1, 2024.
  • Below-market rent of under $27/SF; redevelopment potential.
  • Shared parking access with adjacent shopping center.

Property Details for 70 Crossville Rd

Property type
Retail properties, Restaurants
Square Feet
5,680 SF
Year Built
1979
Buildings
1
Stories
1
Lot Size (sq. ft)
40,946 SF
Units
1

Location Insight

City
Roswell
County
Fulton
State
Georgia
Latitude
34.0486351
Longitude
-84.3632903
70 Crossville Rd, Roswell, Georgia

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70 Crossville Rd
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