Georgia Fitness

245 Peachtree Industrial Blvd. - Sugar Hill (Atlanta) GA 30518

LTV (Loan to Value)	65.00%	Current NOI	$345,888.00
Interest Rate	4.250%	Capital Rate	8.000%
Fixed Term	10 Years	Land Area	+/- 4.17 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$3,315,000.00	Property Type	Retail
Payment	$17,958.62	Property Lease	Fitness Center
Bulding Size	0 SF	Remaining Terms	+/- 10 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a building leased to Georgia Fitness located at 245 Peachtree Industrial Blvd, Sugar Hill, GA. The master lease has approximately ten (10) years of term remaining with attractive rent escalations. Georgia Fitness occupies 24,824 SF, the remaining space is sub-leased by Georgia Fitness to Gwinnett School of Music (1,629 SF), Mixed Martial Arts Training Academy (3,547 SF), and APEX Chiropractic (4,000 SF).

Highlights

Master Leased Multi-Tenant Asset - Rare opportunity to acquire a master leased multi-tenant asset allowing tenant diversity with very limited…

Property Description

Sugar Hill is a city in northern Gwinnett County, Georgia and is part of the Atlanta metropolitan area. The population was 18,522 as of the 2010 census, making it the fourth-largest city in Gwinnett county. Since the city of Sugar Hill, Georgia was incorporated, more than six decades ago, it has become one of the premier communities of the Atlanta Metro area. Minutes from Lake Lanier and the Georgia Mountains, but still a short distance from the city of Atlanta, Sugar Hill's country setting has plenty to offer.