Amici

13500 Town Center Drive, Covington, GA 30014

$3,660,085

Cap Rate 7.00%

Views: 145 DOM: 332 Updated: 10.10.24 Posted: 02.02.24 Status: Contract 09.25.24

Summary

Price $3,660,085	Built/Renov 2023	Tenant Amici
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,696	Lease Start 05-01-2024	#Units 14
Price/SF $642.57	Expiration 04-30-2039	Tenant Type Casual Dining
NOI $256,206	R. Term 14.4	Ownership Fee Simple
Rent/SF $44.98	Increases 2.0%/1/yrs	Pop 5Mi 39,439
Lot/AC 1.32	Options 2/5yrs/2%	AHHI 5Mi $88,447

Mike Sladich

Northmarq

Contact

Lease Highlights

Brand-new 2023 construction
Amici recently signed a brand-new 15-year lease with 2 (5-year) options to extend
The lease features 2% annual rental increases throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Amici is strategically located at the hard corner intersection of Buttonwood Lane and Alcovy Road, with a combined daily traffic count of 11,500 vehicles. Furthermore, this site offers the added convenience of being positioned within one mile of the Interstate 20 on-ramp (58,800 VPD). The area surrounding the site is widely recognized as one of the nation's most desirable industrial markets,...

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Key Features

New construction
Dense retail corridor
Shopping Ctr out-parcel
Freeway close
Top 100 MSA
Affluent suburb location
Brand new lease
Absolute NNN
Annual rent increases
Corporate Guarantee

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Links

Amici Wikipedia Covington, Georgia Zip Code 30014 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Amici
Guarantor:Corporate
Company:Amici
# Units:14
Stock:Private

About Tenant

Amici is a regional pizza chain known for its hand-tossed Neapolitan-style pizza, award-winning hot wings, subs, and fun atmosphere. In addition to its signature menu, each Amici establishment...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	533	16,255	39,606
2023 Total Population :	437	13,970	36,377
2023 Employed Civilian Pop :	148	5,822	16,700
2023 Total Businesses :	87	1,194	1,665
2023 Average Household Income :	$ 90,804	$ 88,521	$ 88,358
2023 Total Consumer Spending :	$ 12 M	$ 391 M	$ 1041 M
2023 Median Age :	41	37	37
2023 Total Households :	158	5,010	13,488
2023 Pop Age 25+: Bachelor's Degree :	17	1,242	3,568
2023 Average Home Value :	$ 255,734	$ 281,919	$ 263,372

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
John R. Williams Highway	Industrial PkBlvd NE	2021	13,000	0.32 mi
Alcovy Rd	Harland Dr NE	2003	3,280	0.33 mi
Harland Drive Northeast	Industrial PkBlvd NE	2021	900	0.38 mi
	City Pond Rd	2021	1,380	0.76 mi
City Pond Rd	Roberts Way	2005	12,060	0.77 mi
	Independence Dr	2021	5,280	0.91 mi
	Industrial Dr NE	2021	3,970	0.92 mi
	John R Williams Hwy	2021	5,390	0.99 mi
	Industrial Dr NE	2021	1,100	1.02 mi
John R Williams Hwy	Industrial Park Blvd NE	2019	4,870	1.09 mi

Listing Broker

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