Net-Leased Asset Sale: Sam’s Club in Atlanta, GA

Sam’s Club Net-Leased, Subject to Ground Lease, located at 2901 Clairmont Rd, Atlanta, GA 30329.

Best Offer Above: $17,500,000

Approximate cash needed for purchase: $7,000,000

DESCRIPTION

Sam’s Club lease subject to ground lease. Asset consists of a 22.1-acre ground leased site improved with a Sam’s Club Store with a Sam’s fuel center. The lease to Sam’s Club lease has 6+ years remaining on the current term with 6 five-year renewal options through July 4, 2055. The land lease has 6+ years remaining on the current term with 3 ten-year renewal options through July 4, 2055. Sam’s Club pays all expenses except for the land lease.

The asset is located at the Northeast corner of I-85 and Clairmont Road, within Chamblee City Limits, Dekalb County, GA approximately 10 miles northeast of downtown Atlanta, GA.

  • Please visit: ten-x.com for additional information

 

PROPERTY HIGHLIGHTS

  • Best Offer above $17,500,000
  • Approximate cash needed for purchase: $7,000,000
  • 22.1 acre ground-leased site, sub-leased to Sam’s Club
  • Leasehold improvements: 128,776 sf Sam’s Club with fuel center
  • $1,219,705 NOI
  • 6.97% Cap rate
  • Walmart corporate guarantee
  • $10,630,000 assumable CMBS loan
  • 4.77% fixed, 30-year amortization, 10-year call
  • 1% assumption fee
  • 7.87% cash-on-cash return
  • Sam’s Club lease can be extended thru 7/2055
  • Ground lease can be extended thru 7/2055
  • Sam’s Club pays all expenses except for ground lease
  • Ground lease annual rent is $19,633
  • Fee simple title to land is not included and is not available

Video

PHOTOS

DUE DILLIGENCE / DISCLOSURE

All property disclosure documents may not be available at this time. Be sure to check back as auction documentation is added frequently.

PROPERTY INSPECTION

Inspection: Contact Tom Hunter 770-289-2792 tom.hunter@svn.com.

PREFERRED TERMS OVERVIEW

  • Submit an LOI with the investor resume demonstrating capability to complete purchase and assume the CMBS loan
  • 5% down, 30-day inspection of due diligence info, 90-day loan assumption approval contingency, 30-day Sam’s Club first right of refusal contingency, close within 30 days following approval of loan assumption.
  • A 1% commission is available for registered buyer’s agents.
  • Visit ten-x.com for complete terms and conditions.

DIRECTIONS

Directions via Google Maps

Sam’s Club Net-Leased Asset Sale

Auction: Home with Park View in Peachtree Battle Area, located at 702 Wesley Drive, Atlanta, GA 30305.

Directions: Google Maps