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Miller’s Ale House

Kennesaw, Georgia

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About the Investment:

✓ Newly Executed 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
✓ 2% Annual Rental Increases
✓ Large 2.49 Acre Lot in a Phenomenal Location Surrounded by Kennesaw State University, Dozens of Large Office Buildings with National Employers, Medical Facilities and National Retail Tenants | All Major Traffic Drivers for Miller’s Ale House
✓ Over 38,000 Vehicles Pass the Site Each Day

About the Location:

✓ Extremely Dense Retail Corridor | Tenants Include: Target, Walmart, T.J. Maxx, Best Buy, Costco, Home Depot, Macy’s, Belk, Publix, At Home, Burlington, J.C. Penney, REI, Guitar Center, Old Navy, Office Max, and So Many More
✓ The Property is surrounded by Kennesaw State University | More than 35,000 Students Enrolled
✓ The Town Center at Cobb | Less than Two Miles Away | Over 1,200,000 Square Feet of Retail Space | 125 Tenants
✓ Dozens of Major Office Buildings and Medical Facilities are in the Immediate Area |Provides a Consistent and Stable Customer Base for Miller’s Ale House
✓ Subject Property is Located Less Than 30 Miles From Atlanta | Georgia’s Capital and Most Populous City

About the Tenant/Brand:

✓ Founded in 1988 by Jack & Claire Miller
✓ 98 Locations in 10 States | Growing by 8-10 Locations Annually

Key Details

Price:
$6,190,476
Cap Rate:
5.25%
Annual Rent:
$325,000
Address:
745 Chastain Road NW, Kennesaw, Georgia 30144
Property Type:
Net-Lease Dining
Lease Type:
Triple-Net (NNN)

Original Lease Term:
15 Years
Lease Commencement:
04/12/2021
Lease Expiration:
04/30/2036
Lease Term Remaining:
15 Years
Rental Increases:
2% Annually
Lot Size:
+/- 2.49 Acres
Building Size:
7,200 SF
Year Renovated:
2021
Tenant:
Miller’s Ale House

Broker of record

John Leonard

License: 252904


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