For Sale
$2,625,000

111 Emma LnWoodstock, GA 30189

7,170 SF Distribution Center, 7.06% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 7,170-square-foot distribution center in Woodstock, Georgia presents a compelling investment opportunity. Boasting a strong 7.06% cap rate, the property is situated on approximately 12.68 acres, offering a low building coverage ratio and significant room for expansion. Built in 1990 and fully renovated in 2023, the facility features 18' clear heights and numerous grade-level doors. The property benefits from a highly favorable location, strategically positioned off Highway 92 (over 151,700 vehicles per day) and less than one mile from I-575 (over 194,200 vehicles per day). Its proximity to Downtown Woodstock and Marietta further enhances its appeal. The tenant, Heritage Landscape Supply Group, is operating under a net-net-plus (NN+) lease with a rare 4% annual rent increase, guaranteed by SRS Distribution, a subsidiary of The Home Depot. This 7-year lease, with options to renew at fair market value, ensures long-term stability and income. The surrounding area boasts strong demographics, with an average household income exceeding $110,940 annually and approximately $2.5 billion in annual consumer spending. Population growth projections within a 5-mile radius are also substantial, promising continued market strength. This investment offers a secure, high-yield opportunity with significant long-term potential. The property's strategic location, strong tenant, and recent renovations combine to create a truly exceptional investment opportunity.

Highlights

  • Investment-grade lease guaranteed by The Home Depot (NYSE: HD), following their acquisition of SRS Distribution.
  • NNN lease with 4% annual rent increases, 7-year term, and renewal options at market rate; minimal landlord responsibilities.
  • High-traffic location near Hwy 92 (±51,700 VPD) and I-575 (±94,200 VPD), serving affluent Woodstock area neighborhoods.
  • 1990 construction, fully renovated in 2023, featuring 18' clear heights and numerous grade-level doors.
  • Low building coverage ratio (FAR 5.42%) on a ±2.68-acre lot, allowing for ample outdoor storage and expansion.
  • Strong demographics: Average household income over $110,940, $2.5B annual consumer spending, and projected population growth.

Property Details for 111 Emma Ln

Property type
Industrial properties, Distribution centers
Square Feet
7,170 SF
Year Built/Renovated
1990/2023

Location Insight

City
Woodstock
County
Cherokee
State
Georgia
Latitude
34.0853221
Longitude
-84.5478902
111 Emma Ln, Woodstock, Georgia

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111 Emma Ln
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