Parachute Plasma
Griffin, GA
Key Details
| Price: | $4,726,083 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $342,641 |
| Address: | 1301 North Expressway, Griffin, Georgia 30223 |
| Property Type: | Office |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 1.37 Acres |
| Building Size: | 6,010 SF |
| Year Built: | 2023 |
NNN Pro is pleased to present the exclusive listing for a Parachute Plasma located at 1301 North Expressway, Griffin, Georgia 30223. The site consists of roughly 6010 rentable square feet of building space on an estimated 1.37-acre parcel of land. This Parachute Plasma is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $342,641 and has scheduled increases of 2.00% Annually.
About the Investment
- Long-Term, Brand New 20-Year Absolute Triple Net (NNN) Lease
- Two Percent (2%) Rental Increases Occurring Annually Starting Year 6
- Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
Key Details
| Price: | $4,726,083 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $342,641 |
| Address: | 1301 North Expressway, Griffin, Georgia 30223 |
| Property Type: | Office |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 1.37 Acres |
| Building Size: | 6,010 SF |
| Year Built: | 2023 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
Amelia Haydock
ahaydock@nnnpro.com
License: NY: 10401334976
Broker of Record
Brian Brockman
Bang Realty-Georgia, Inc
License: 378952
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.