724 Cherokee StMarietta, GA 30060

Property Details for 724 Cherokee St

Year built

2005

Lot size

0.40 AC

Property size (Sq ft)

6,404 SF

Zone code

OI

Property type

Retail properties

Property subtype

Turn key restaurants

APN

16107400400

APU

16107400400

Description

This exceptional 3,200-square-foot commercial production kitchen is available for lease in Marietta, Georgia. Located at 724 Cherokee St NE, 30060, this single-tenant space occupies the ground floor of a larger 6,400-square-foot building in Cobb County's ATL submarket. The property boasts excellent visibility and high traffic counts, averaging 18,900 vehicles daily. Its strategic location adjacent to Wellstar Kennestone Hospital makes it an ideal investment opportunity. The kitchen is fully operational, with some existing furniture, fixtures, and equipment (FFE) remaining. The lease is priced at $25 per square foot, net, net, net (NNN), plus a common area maintenance (CAM) charge of $9 per square foot. The current tenant is vacating, presenting a unique chance to secure a prime location in a thriving area. This property is perfect for a business seeking a ready-to-use, high-traffic commercial kitchen space. The property is part of the Marietta submarket cluster.

• CAP approach

  CAP return

  Valuation

  6%

  $2,073,993

  6.5%

  $1,914,455

  7%

  $1,777,708

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,707,676

  Geo Method

  $3,147,894

• Alternative Use

  Use

  Valuation

  Residential

  $1,614,914

  Hospitality

  $1,479,253

  Educational

  $1,230,721

  Medical

  $1,273,047

  Retail

  $1,914,455

Location Insight

City

Marietta

County

Cobb

State

Georgia

Latitude

33.9694

Longitude

-84.549

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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