offering memorandum former rite aid · offering summary atlanta conyers tenant property address...
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OFFERING SUMMARY
ATLANTA
CONYERS
TenantProperty Address
Price
2240 Salem Road SE Conyers, GA
CAP Rate 7Price/SF $NOI $Square Footage 9,780Year Built 1995Lot Size 1.08 AcresType of Ownership Fee Simple
DEMOGRAPHICS 1-MILE 3-MILE 5-MILE
Population 4,952 39,495 89,904Avg. Household Income $64,219 $66,329 $64,388
Population Growth 52.87% 53.18% 46.43%
Former Rite Aid Conyers, GA
The subject property is a 9.780sf freestanding Rite Aid drugstore. Rite Aid will close at this location in July of 2018. They remain obligated on the lease through May of 2020 at $169,601 per annum, plus taxes, insurance, common area maintenance, and utilities.
The property will be available vacant as of August 1, 2018.
The owners will consider a long term lease of the property as is, a renovation of the property to suit a credit tenant, or a sale of the property.
For more information please contact:
Sam Perlman
Adams & Co. Real Estate Inc.
404-255-7535x5