Discount Tire NNN Property For Sale — Alpharetta, GA
5580 Windward Parkway, Alpharetta, GA 30004
This is a rare opportunity to acquire a fee simple interest in a brand new absolute NNN ground-leased Discount Tire property. Located within the upscale and highly successful Plaza at Windward Shopping Center in Alpharetta, GA, this investment offers stability and growth potential. The lease, which expires in May 2037, features attractive 7.5% rental escalations every five years, including all option periods (five 5-year options), providing an excellent hedge against inflation. The property is strategically positioned as an outparcel to the high-end Plaza at Windward, just off the Georgia Highway. Discount Tire, a leading independent tire and wheel retailer with over 900 locations in 29 states and strong annual revenues, provides a corporate guaranty.
- Address: 5580 Windward Parkway, Alpharetta, GA 30004
- Asking price $2.71M
- 4.25% cap rate
- NOI $115,175
- 10.7 years remaining
- NNN lease
- Building size: 6,973 SF
- Lot size: 1.08 acres
- Lease expiration: May 31, 2037
- Rent increases: 7.5% every 5 years
- Guarantor: Corporate
Location
This Discount Tire property is at 5580 Windward Parkway in Alpharetta, Georgia.
Asset type: Retail - Free Standing