70 Crossville RdRoswell, GA 30075
- Retail properties
- 5,488 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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