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
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
- 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
DUE DILLIGENCE / DISCLOSURE
Inspection: Contact Tom Hunter 770-289-2792 email@example.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.