This property has been taken off of the market currently. If you are interested in it, the owner may be open to offers. Please contact john@JohnRobertConley.com or 678-386-4694.
Property Description:
This is a Rite Aid location in the city of Woodstock. The 20 year NNN lease only has two exceptions in that the Owner is responsible for roof and structure maintenance and Association fees of about $1,000 annually. The final 5 years of the initial 20-year lease show an increase to $138,052 or $11,504 per month. The property is next to a retail strip center and across the street is another center with a Publix grocery store.
Rite Aid is the largest drug store chain on the East Coast with 4,900 stores in 31 states and the District of Columbia. Round out your portfolio with the steady stream that this corner property (at a red-light, no less) has provided and the opportunity for appreciation on this valuable piece of real estate.
The owner has decided to retire to a life of practice ranges, putting greens, and 10:00 a.m. weekday tee times with the cell phone turned off. If you need more information or would like to make an offer, please contact John Conley at john@johnrobertconley.com, joxbob@gmail.com or 678-386-4694.
Location Description:
The location is 4477 Towne Lake Parkway in Woodstock, Georgia. The property is north of Highway 92, east of Bells Ferry Road, and west of Interstate 575 within a few miles of Lake Alatoona.
At the same intersection, you will find a busy Publix-anchored shopping center which also fronts on Towne Creek Parkway. Directly across from Rite Aid is Rose Creek Public Library. Next to the library and on the remaining corner of this intersection is the beautiful Hillside United Methodist Church.
http://listing.loopnet.com/16028184
John Robert Conley 