Description

Perfect 1031 Exchange property. Completely Leased! This is a 3 unit strip center each unit is approx 1,200 sq ft each. Unit C is leased until 2012 and unit A and B are leased until October 2009. There is growth in income potential for this complex. Currently the facility operates at an 8.47% cap rate. There was a discount given to the tenant that leased A&B together. The Potential cap rate is well over 10. This is a 2 year old building, and is located 1/10th of a mile from I-20.

Temple Georgia is located at exit 19 at I-20 west of Atlanta. (Less than 40 miles to Downtown Atlanta). There is lots of growth at this exit. There are two large truck stops, a Scale for big trucks, and lots of retail and commerce. I-20 is a major thoroughfare for shipping supplies from Texas to the East coast. Interstate 20 crosses Interstate 75 and I-85 at Atlanta. Temple is one of the biggest stopping point for refuel and resting for Tractor Trailers before reaching Atlanta. This property is located walking distance from a brand new Ingles grocery store with gas station. Good location and stable tenants. Great Passive investment for 1031 exchange.