Apr 06 '09, 03:37 AMHave:
Prime Property at a major expressway interchange in the Metro Atlanta Area, with 2 LOI's from national chain tenants in hand.
Either tenant will use about 1.5+/- acres of the parcel.
Lease specifics are as follows:
Provider A
• Has 100+/- locations operating and/or under development
• $11.8 m +/- in assets
• LOI is for 20 yr. lease at $20 sq ft, with 2% annual increases, on a 10,000 +/- sq ft facility
Provider B
• Has 160 +/- locations operating and/or under development (waiting for specific financials)
• Corporate owned
• LOI is for 17 yr. lease at $23 sq ft, with annual increases, on an 11,000 +/- sq ft facility
Demographics:
70,000 +/- Combined VPD
$100K +/- Average Household Income
195K +/- 5mi population
Property is priced at $225,000 per acre.
