Properties

IHOP & ATT, Woodstock, GA

8979 & 8989 GA Highway 92
Woodstock, GA 30189

PROPERTY SOLD

Property: Investment Sales

Price: $2,760,000

Cap Rate: Call

Description:

• Located 25 miles north of downtown Atlanta at the intersection of Highway 92 (exit 7) and I-575
• The 1.67 acre development consists of a 4,500 SF IHOP built in 1992 and 3,200 SF AT&T built in 2010
• IHOP is on a 25 year lease with rent bumps every 5 years and AT&T is on a 7 year lease with a rent bump after 5 years
• Property is on a signalized corner in front of Home Depot and across from Target, Kohl’s and Lowe’s
• The financed transaction closed escrow on December 21st for $2.76 million
• The buyer was a private investment fund out of Memphis, Tennessee