Cap Rate: 6.50%
Net Operating Income: $159,408
Square Footage: 3,212
Lot Size: 0.92 AC
The subject property is a single tenant absolute NNN Dairy Queen located in Marietta, Georgia. There are 18 years remaining on the original 20 year Absolute NNN lease with 10% increases in rent every 5 years. The lease also calls for four, 5 year options to renew with 10% rent bumps at each option. This location has a strong and experienced operator that runs 4 stores and has been in business for 50 years.
This Dairy Queen is located on a signalized corner on a 5-lane corridor with daily traffic counts of 37,000 VPD. Neighboring tenants include ALDI, CVS, McDonald’s, Waffle House, Taco Bell, Zaxby’s, O’Reilly, Family Dollar, and more. The property is located in 3 miles from Marietta Town Square and 20 miles northwest of downtown Atlanta.
Marietta is located in central Cobb County, Georgia, United States, and is the county’s seat and largest city.
As of the 2010 census, the city had a total population of 56,579. The 2018 estimate is 60,806, making it one of Atlanta’s largest suburbs. Marietta is the fourth largest of the principal cities (by population) of the Atlanta metropolitan area