70 Crossville Rd Roswell, GA 30075

Property Details for 70 Crossville Rd

Year built

1979

Construction

WOOD

Lot size

1.04 lot acres

Property size

5,488 SF

Zone code

C1

Property type

Turn key restaurants

APN

12 187003930757

APU

12187003930757

Description

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.

Location Insight

City

Roswell

County

Fulton

State

Georgia

Longitude

-84.3633

Latitude

34.0488

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments