70 Crossville RdRoswell, GA 30075

  • Retail properties
  • 5,488 SF
For Sale
$2,399,988 View listing

Property Details for 70 Crossville Rd

Year built
1979
Construction
WOOD
Lot size
1.04 AC
Property size (Sq ft)
5,488 SF
Zone code
C1
Property type
Retail properties
Property subtype
Turn key restaurants
APN
12 187003930757
APU
12187003930757

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,777,338
    6.5%
    $1,640,620
    7%
    $1,523,433
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,320,382
    Geo Method
    $848,871
  • Alternative Use

    Use
    Valuation
    Residential
    $1,383,924
    Hospitality
    $1,267,667
    Educational
    $1,054,684
    Medical
    $1,090,956
    Retail
    $1,640,620
70 Crossville Rd, Roswell, Georgia

Location Insight

City
Roswell
County
Fulton
State
Georgia
Latitude
34.0488
Longitude
-84.3633
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,894
$327,600
$200,080
$527,680
-
$819,000
$500,200
$1,319,200

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