Back to results: owner operator paying 300 a mile / US
Posted on: 11 Mar 2024
Job Location: Jasper, US
Job Description:
* Home Depot & Kroger Shadow-Anchors: 100% Occupied Shopping Center Across From a Home Depot and Kroger Anchored Center in the Atlanta Submarket of Jasper, GA
* Premier Strip Center: The Property, Given Its Location, Quality of Build and Tenant Mix, is the Dominant Strip Center in Jasper, Georgia
* Below Market Rents: Tenancy Includes a Diverse Group of Local Credit Tenants at Below Market Rents; This Opportunity Provides a New Owner With a Secure Cash Flow With a Granular Rent Roll With the Potential Upside From Increasing Rents
* High Traffic Counts: The Property Sits at a Signalized Intersection Along Highway 515 That Sees an Impressive 26,194 Vehicles Per Day With Strong Visibility From the Road; Additionally, the Property Sits Just Down the Street From the Pickens County Airport and Piedmont Mountainside Hospital
* Property In Excellent Condition: Roof Replaced in 2018 and New Facade Completed in 2019 By Current Owner, Resulting in Limited Capital Expenditure Exposure to a New Owner
* Population Growth: Population Growth Within a 3-Mile Radius of the Property Was 8.0% From 2010-2021 With a Projected Increase of 7.6% By 2026, Showing the Strength of This Growing Market
* Strong Retail Corridor: This Property is Strategically Located in the Strongest Retail Node of This Submarket With Other Notable Tenants Including: Dunkin Donuts, Ingles, Starbucks, McDonalds, AutoZone, Burger King, Zaxbys, Taco Bell, Popeyes, Dairy Queen and More
Tenant Overview Johnnys New York Style Pizza was originally started in 1965 by Johnny Pace in Manlius, NY. It was there that Bruce Jackson got his start in the pizzeria at the age of 16. In just 3 short years, Bruce had worked up the appetite for ownership and opened a Johnnys Pizza just off the Syracuse University campus with Johnnys younger brother Rosario. Johnnys has a reputation for premium pizza. They spend a lot of time developing a diverse menu and bringing in top quality ingredients. Their customers taste the difference, and their franchisees benefit from it. Johnny's Pizza Franchise Systems sells its Johnny's Pizza franchises in the state of Georgia and is not affiliated with Johnny's Pizza House of Louisiana or any other Johnny's Pizza outside the state of Georgia. United Parcel Service (UPS) is the world's largest package delivery company and a premier provider of global supply chain solutions. In 2020, they delivered 6.3 billion packages, driven by global B2C volume growth from the surge in consumer e-commerce. Total revenue in 2020 was $84.6 billion. Their global presence spans more than 220 countries and territories on six continents. We provide transportation, distribution, and international trade and brokerage services in developed and emerging markets worldwide. The UPS Store comprises more than 5,000 independently owned locations in the U.S. and Canada, providing convenient and value-added business services to the small-office/home-office (SOHO) market, corporate road warriors, and consumers. Beginning as a small messenger service started by enterprising teenagers and a $100 loan, UPS and its more than 500,000 UPSers around the globe are a transportation and logistics leader, offering innovative solutions to customers, big and small. UPS understands and appreciates its responsibility to help build safer, stronger and more resilient communities founded on justice and economic opportunity for all, supported by a healthy, sustainable global environment. Alfa continues to strive every day to be the best insurance company for its customers. As a company that truly cares, Alfa wants to be known for providing the best personalized service, making it easy for customers to do business and being there when they need insurance coverage most. Alfa and its affiliates provide insurance in 11 states. These states include core operations in Alabama, Mississippi, Georgia and additional products are marketed in Arkansas, Indiana, Kentucky, Missouri, Ohio, South Carolina, Tennessee, Texas and Virginia. The Alfa Home Office is in Montgomery, Alabama. Alfa Life Insurance Corporation currently has more than $27 billion in force and Alfa's property and casualty companies service over 700,000 policies. There are 353 service centers with more than 2,300 people dedicated to serving customer needs. Founded in 1946 by what is now known as the Alabama Farmers Federation, Alfa has earned a reputation as one of the nation's most stable, reliable and affordable providers of insurance. 1st Franklin Financial Corporation is in the business of helping our friends and neighbors make their way through life with the dignity and respect they deserve. Were not a payday lender and we dont offer loans secured against a customers next paycheck. We offer customers short and long term installment loans with payment plans that fit each customers need. Today, with over 320 loan offices throughout Georgia, Alabama, Tennessee, Louisiana, Mississippi, South Carolina, and Texas, we continue to offer personal loans and financial solutions so our customers can reach their goals and get back to living. Since 1941, we have worked in local communities across the southeast to provide financial solutions for our customers and their families. Our customers know us, but more importantly, we know them. While times have changed since 1941, our commitment to our customers remains the same. Part of the Upstream Rehabilitation family of clinical care, BenchMark Physical Therapy is a leading operator of outpatient physical therapy clinics in the United States. Founded in 1995 with a single center in Ooltewah, Tennessee, BenchMark Physical Therapy quickly grew to deliver physical therapy services through an expanding network of more than 300+ clinics across the country. Their business was founded on providing exceptional patient care, empowering their clinicians with the best possible education, and giving back to their communities. Their physical therapists, occupational therapists and hand therapists know that connecting with patients on a personal level helps to build trust. Founded in 2004, Upstream Rehabilitation is a portfolio company of Revelstoke Capital Partners and is the leading pure-play outpatient physical therapy services provider. Headquartered in Birmingham, Alabama, the company operated more than 865 owned and managed locations across 28 states prior to the acquisition. Edward Jones, a Fortune 500 company headquartered in St. Louis, provides financial services in the U.S. and, through its affiliate, in Canada. Every aspect of the firm's business, from the investments offered to the location of branch offices, caters to individual investors. The firm's nearly 19,000 financial advisors serve more than 7 million clients with a total of $1.6 trillion in client assets under care. They have home offices in the United States and Canada, with more than 15,000 branch locations. Theyre a nearly 100-year-old-firm built for now. They specialize in helping individual investors rather than institutions. And as a privately-owned company, were able to focus on relationships rather than shareholder returns. Their Parent company is The Jones Financial Companies. It serves investment clients in the U.S. and Canada, through its branch network of more than 15,000 locations and 19,000 financial advisors. **Jasper Mountain Highlands Shopping Center | Jasper, GA**
744 Noah Drive - Jasper, GA 30143
$4,750,000
Cap Rate: **7.00%**
Status: **Available**
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Jasper, US
11 Mar 2024