1110 Crosstown CtPeachtree City, GA 30269

Property Details for 1110 Crosstown Ct

Year built

1993

Construction

FRAME

Lot size

0.69 AC

Property size (Sq ft)

2,577 SF

Zone code

C GC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

61120004

APU

61120004

Description

This exceptional 4,500 square foot, Class A retail property in Peachtree City, GA, features a new 2024 build-to-suit construction with upgraded brick and architectural details. The property boasts a 10-year corporate-backed net lease with Sherwin-Williams, a Standard & Poor's BBB-rated tenant, offering a strong and stable investment. The lease commenced February 24, 2024, and expires February 28, 2034, with 8% rent bumps in the options. The property enjoys a prime location adjacent to a Kroger shopping center, surrounded by high-income residential areas (average household income exceeding $146,000 within 3 miles), and benefits from excellent visibility and accessibility. The site is situated on a corner lot with multiple access points along a popular thoroughfare. With a 5.25% cap rate and a Net Operating Income (NOI) of $139,000, this investment presents a compelling opportunity. The property includes a concrete parking lot and is strategically located near major corporations, high-income consumers, and Hartsfield-Jackson International Airport. Fayette County's strong demographics, including over 60,000 residents within a 5-mile radius and proximity to Atlanta (31 miles), further enhance the investment's appeal. The property is fee simple ownership with a 10-year lease term and includes 6/5-year lease options. The asking price is $2,647,618, representing a price per square foot of $588.36. This is a rare opportunity to acquire a high-quality, net-leased retail property in a desirable location with exceptional growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $481,835

  6.5%

  $444,771

  7%

  $413,001

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,266,728

  Geo Method

  $1,266,728

• Alternative Use

  Use

  Valuation

  Residential

  $375,181

  Hospitality

  $343,664

  Educational

  $285,924

  Medical

  $295,757

  Retail

  $444,771

Location Insight

City

Peachtree City

County

Fayette

State

Georgia

Latitude

33.376

Longitude

-84.562

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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