70 Crossville Rd Roswell, GA 30075
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High-ROI Italian Restaurant, NNN Lease
Property size:
5,680 SFProperty Features for 70 Crossville Rd
General Information
- Property type
- Restaurants
- Square Feet
- 5,680 SF
- Lot Size
- 40,946 SF
Building Details
- Year Built
- 1979
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: Skyline Seven Real Estate Listing Agent: Elliott Kyle
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 5,680-square-foot, single-tenant, net-leased restaurant property located at 70 W Crossville Rd, Roswell, GA 30075. The property, built in 1979 and situated on a 0.94-acre lot, is currently 100% occupied by Bellini Osteria Toscana, a highly-rated Italian restaurant, under a NNN lease with a remaining term of 9.4 years (expiring April 29, 2034). The lease commenced December 31, 2023, and includes a 5-year renewal option at fair market value. The current annual net operating income (NOI) is $150,000, representing a 6.25% cap rate on the asking price of $2,399,988 ($422.53/sq ft). The restaurant benefits from a strong location in affluent Roswell, with a high average household income of $182,312 within a one-mile radius, projected to increase significantly in the coming years. The property enjoys excellent visibility, with high daily traffic counts on West Crossville Road (Hwy 92) and Crabapple Road. The lease features 2% annual rent increases, providing a built-in hedge against inflation. Shared parking access with an adjacent shopping center further enhances the property's appeal. The property is zoned C1, County. This is a turnkey investment with minimal landlord responsibilities, offering significant long-term upside potential and a strong return on investment. The tenant, an experienced operator, has provided a personal guarantee on the lease.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bellini Osteria Toscana
Restaurant
CASA - The Chef Apprentice ...
Vocational School
Location Insight
- Map
- Local Demand
- City
- Roswell
- County
- Fulton
- State
- Georgia
- Longitude
- -84.3632903
- Latitude
- 34.0486351
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FAQs
What type of property is this?
Restaurant - High-ROI Italian Restaurant, NNN Lease
Where is this restaurant located?
The property is located at 70 Crossville Rd Roswell, GA.
What is the asking price?
The asking price for this property is $2,399,988.
What are key features of this property?
This property features: Investment opportunity: Net lease with Bellini Osteria Toscana; 9.4-year remaining term (10.3 years total) with 2% annual rent increases and a 5-year extension option.; Successful Italian restaurant in affluent Roswell, GA, a suburb of Atlanta.; Experienced operator with a personal lease guarantee.
