|
|
|
|
•
|
Tenant: First Watch is currently the largest and fastest-growing daytime-only restaurant concept in the U.S. with more than 120 restaurants in 16 states with additional units under development. The company produced 2013 revenues in excess of $108 million and has a net worth of more than $57M.
|
|
•
|
Long-Term Absolute NNN Lease: New 15-year ground lease with four 5-year options to renew—No Landlord responsibilities
|
|
•
|
Rent Escalation: 10% every 5 years throughout the initial term and option periods
|
|
•
|
Newly Renovated Building: Since signing the ground lease, Tenant renovated and retrofitted the proposed building
|
|
•
|
Location: Located on the heavily-traveled Cherokee Street (Traffic Count: 35,080 VPD) just 0.4 miles southwest from access to Interstate 75, one of the Southeast’s major north-south interstate highways
|
|
•
|
Dominant Retail & Commercial Corridor: Approximately 4.9 MSF of retail, 11.8 MSF of industrial, 3.7 MSF of office, and 5,841 multi-family units within a 3-mile radius
|
|
•
|
Market: Kennesaw, is located approximately 21 miles northwest of Atlanta’s CBD, just off of Interstate 75 which is known as the foremost high demographic/high growth northern corridor of Atlanta. Kennesaw offers excellent public schools, low property taxes, superb shopping, dining and recreation plus easy access to major commuting corridors
|
|
•
|
Proximity to Kennesaw State University: Located just 1.5 miles from Kennesaw State University (enrollment: ±24,629 students), the third largest university in Georgia
|
|
•
|
Upscale Residential Area: Surrounded by a myriad of upscale residential communities highlighted by Pinetree Country Club, an exclusive community featuring an Olympic-sized pool, 27,000-SF clubhouse and an 18-hole championship golf course (3-mile Average Household Income: $70,369)
|
No comments:
Post a Comment