100 Juniper StCanton, GA 30114
- Retail properties
- 17,810 SF
Property Details for 100 Juniper St
- Year built
- 2000
- Construction
- STEEL FRAME
- Lot size
- 0.96 AC
- Property size (Sq ft)
- 17,810 SF
- Zone code
- GC
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 91N02 D009
- APU
- 91N02D009
Description
This exceptional investment opportunity presents a 6,091 square foot, single-tenant retail building in Canton, Georgia. The property is 100% occupied by a credit-rated Tires Plus, a subsidiary of Bridgestone Retail Operations LLC, operating over 2200 locations nationwide. The tenant has a long-standing presence, having occupied the site since 2000 and exercised two lease option renewals. The absolute NNN lease structure provides a passive income stream with built-in rent increases. The current lease features three 5-year options with a 10% rent bump at each renewal, resulting in a pro-forma cap rate of 7.15% (next increase April 2027). The property boasts a strong location, situated on a signalized corner outparcel of a busy ALDI shopping center and the Riverstone Parkway Retail corridor. The asking price is $3,110,000, representing a current cap rate of 6.50% and a NOI of $202,086. The building, constructed in 2000, is zoned GC and offers significant near-term appreciation potential. This is a stabilized investment with a proven track record and a secure tenant. The property address is 100 Juniper St, Canton, GA 30114.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,537,332
- 6.5%
- $5,111,384
- 7%
- $4,746,284
-
Comparable approach
- Method
- Valuation
- Relative Method
- $7,310,698
- Geo Method
- $3,957,590
-
Alternative Use
- Use
- Valuation
- Residential
- $4,311,644
- Hospitality
- $3,949,442
- Educational
- $3,285,890
- Medical
- $3,398,896
- Retail
- $5,111,384
Location Insight
- City
- Canton
- County
- Cherokee
- State
- Georgia
- Latitude
- 34.2451
- Longitude
- -84.4864
- 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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