111 Emma LnWoodstock, GA 30189
- Other commercial real estate
- 3,000 SF
Property Details for 111 Emma Ln
- Year built
- 1988
- Lot size
- 2.68 AC
- Property size (Sq ft)
- 3,000 SF
- Zone code
- GC
- Property type
- Other commercial real estate
- APN
- 15N12 027
- APU
- 15N12027
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $726,273
- Hospitality
- $665,263
- Educational
- $553,491
- Medical
- $572,526
- Retail
- $860,985
Location Insight
- City
- Woodstock
- County
- Cherokee
- State
- Georgia
- Latitude
- 34.0848
- Longitude
- -84.5479
- 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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