Panera Strip Center 732 Cherokee St Local commercial 813 m² 100 % Loué À vendre Marietta, GA 30060 5 500 515 € (6 767,29 €/m²) Taux de capitalisation 6 %

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the Panera Strip Center located at 732 Cherokee Street NE in Marietta, Georgia (the “Property”). Constructed in 2018, the Panera Strip Center consists of a three-tenant retail building with 8,749 square feet of space on a 1.36-acre parcel. The Property is 100% occupied by Panera, Tropical Smoothie Café, and Phyllis Brunch Restaurant. Both leases call for attractive 10% rent increases in year six of the primary lease term and at the start of each renewal option. The Panera Strip Center is centrally located within the major medical corridor surrounding Wellstar Kennestone Medical Center. Situated between Cherokee Street NE and Lewis Drive, the Property enjoys excellent frontage and visibility and is directly across the street from the primary hospital building for Wellstar Kennestone. There is a municipal bus stop directly in front of the Property, and the parcel is less than 400 feet from the highly trafficked, signalized intersection of Cherokee Street NE, Church Street, and Tower Road at the center of the medical corridor. The Panera Strip Center offers one of the most convenient dining options for patients, visitors, and employees at the medical center. The Property is a mile north of Downtown Marietta, and the surrounding areas are home to a significant number of national retailers and major businesses. Marietta is a suburb of Atlanta and is positioned approximately 20 miles northwest of the city.