10645 State Brg Rd Johns Creek, GA 30022-7492

Property Details for 10645 State Brg Rd

Year built

2003

Lot size

1.22 lot acres

Property size

2,319 SF

Zone code

C1C

Property type

Grocery and convenience stores

APN

11 048001870399

APU

11048001870399

Description

This exceptional investment opportunity presents a 3,425-square-foot Shell gas station located at 10645 State Bridge Rd, Alpharetta, GA 30022. The property sits on a 1.28-acre lot in a high-traffic area, boasting excellent visibility at a hard corner intersection with 33,664 cars passing daily. The property features a strong absolute triple-net (NNN) lease with Shell Oil Company, a globally recognized brand, ensuring consistent cash flow. The lease commenced December 1, 2023, and extends until November 30, 2038, providing a secure long-term investment. The current annual net operating income (NOI) is $138,000, representing a 5.50% cap rate. Built in 2003, this property benefits from built-in rent bumps of 10% every five years, guaranteeing future income growth. The property is currently 100% occupied. Located in Alpharetta, Fulton County, this asset is within a 5-mile radius of 207,090 residents. This investment qualifies for significant tax advantages, including 60% year-one bonus depreciation or 15-year accelerated depreciation per IRS 1250 property designation. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a strong tenant and significant upside potential. The asking price is $2,509,000.

Location Insight

City

Johns Creek

County

Fulton

State

Georgia

Longitude

-84.2188

Latitude

34.0404

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments