3500 Lenox Road, Suite 1600 | Atlanta, Georgia 30326 | 404-442-2810 | lee-associates.com
2060 FRANKLIN WAY | MARIETTA, GA 3006719,318 +/- S.F. | 2-Story | Office Building
Offering Memorandum
TABLE OF CONTENTSSITE OVERVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Site Summary & Aerials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Property Photos . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Amenity Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Demographics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
FINANCIAL OVERVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Financial Overview & Lease Summary . . . . . . . . . . . . . . . . . . . . . . . 12
Rent Roll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Select Tenant Profiles. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
For more information, please contact one of the following individuals:
MARK THOMAS Associate 404.442.2832 [email protected]
GRIFF SIMS Senior Director 404.442.2806 [email protected]
MARKET ADVISORS
OFFERING MEMORANDUM DISCLAIMERThis Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the Owner, to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to any interested persons. In this Memorandum, certain documents are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the material referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or Lee & Associates-Ontario nor any of their respective officers, directors, employees, affiliates or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserves the right, at its sole discretion, to reject any and all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with our without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any person reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
2060 FRANKLIN WAY | MARIETTA, GA 3
2060 FRANKLIN WAY, MARIETTA, GA 30067: Located just off of Cobb parkway, this property is less than a mile from I-75 and less than four miles from I-285. It is situated in the Cumberland/Galleria Submarket, just north of The Battery. The Battery, a mixed-used development centered around Truist Park, has helped reshape this area of Metro Atlanta, while also acting at a center of gravity for Cobb County. 2060 Franklin has a strong tenant mix, with two credit tenants and three tenants with full corporate guaranteed leases. There are five tenants in place with a WALT of 4.75 years, and one vacancy (10%). Each tenant is on a base year for taxes with all but one tenant having annual escalations.
PROPERTY HIGHLIGHTS: 7% CAP Rate
4.75 WALT
Strong Tenant Mix
Easy access to I-75 and I-285
Three corporate guaranteed leases in place
EXECUTIVE SUMMARY
For more information, please contact one of the following individuals:
Mark Thomas Associate 404.442.2832 [email protected]
MARKET ADVISORSGriff Sims Senior Director 404.442.2806 [email protected]
2060 FRANKLIN WAY | MARIETTA, GA 54
SITE OVERVIEW
Site APN 17071300120
Location Located at 2060 Franklin way, Marietta GA, off of Cobb parkway and less than 1 mile from I-75 and 3.5 miles from I-285.
Zoning Light Industrial
Uses Warehousing, Distribution, self storage, offices, clinics, laboratories, studios.
Coverage Ratio 1.39 Acres
Year Built 1999
Site Access 2 entry points; one off of South Cobb Drive and one off Cobb Parkway
Traffic Count ADT Traffic Count on Cobb Parkway - 2020: 31,800
SITE SUMMARY & AERIALS
U.S. BUREAU OF ALCOHOL, TOBACCO, AND FIREARMS
2060 FRANKLIN WAY | MARIETTA, GA 76
PROPERTY PHOTOS AMENITY MAP
TRAINING FACILITY
2060 FRANKLIN WAY | MARIETTA, GA 98
DEMOGRAPHIC HIGHLIGHTS
Demographics 3 Mile 5 Miles 10 MilesEstimated 2021 Population 95,622 241,846 825,379
Estimated 2021 Households 42,457 103,079 354,178
Estimated 2021 Total Businesses 9,298 19,341 67,200
Estimated 2021 Total Employees 113,516 211,722 695,116
This site is in the heart of the Cumberland/Galleria Submarket, in close proximity to great amenities including: The Battery, restuarants, stores, and healthcare facilities.
Prime Location: The Property is located right next to The Battery. The Battery, including Truist Park is a prime destination with many amenities.
Exceptional Freeway Access: Easy access to the Georgia highway system connecting this site to Interstates 75 and 285 to give direct access to Macon, Atlanta, and Savannah.
DEMOGRAPHICS
2060 FRANKLIN WAY | MARIETTA, GA 1110
FINANCIAL OVERVIEW
TENANT NAME RENTABLE SF LEASE END TERM REMAINING RENT PSF ANNUAL RENT COMMENTS
Georgia Motor Trucking Association 5100* 9/30/2025 5 Years $18.00 FS $91,800 2.5% annual rent increase
Revo Squared 2650* 12/31/2023 2 Years, 5 Months $17.86 FS $47,329 3% annual rent increase
Service Master Downtown Commercial 2580 2/28/2022 7 Months $12.31 FS $31,770 N/A
Image 360 3308 11/30/2030 9 Years, 4 Months $11.78 FS $38,976 3% annual rent increase
**Inhaus Surfaces 3704 12/31/2027 6 Years, 5 Months $21.06 FS $78,018 2.75% annual rent increase
Vacant 1976 N/A N/A N/A N/A N/A
ADDRESS
PRICE
CAP RATE
NOI
2060 Franklin WayMarietta, GA 30067
$2,906,000
7%
$203,425
FINANCIAL OVERVIEWPRICE $2,906,000
CAP RATE 7%
GROSS LEASABLE AREA 19,318 SF
YEAR BUILT 1999
LOT SIZE 1.39 +/- Acres
LEASE TYPE FS
ROOF & STRUCTURE Landlord
WALT 4.75 Years
INCREASES Annual
OPTIONS Yes
RIGHT OF REFUSAL None
LEASE SUMMARY
WALT ANNUAL RENT
4.75 Years $203,425
RENT ROLL
*FLEXIBLE OWNER/USER OPPORTUNITY:Buyer can owner-occupy an executive second floor of 5,100 SF with stabilized 90% occupancy or may optionally capture an increment between 10,000 -12,200 SF and enjoy 100% occupancy along with 2 other long term credit tenants.
**SCAN OR CLICK TO VIEW AVIRTUAL TOUR OF THIS SPACE:
2060 FRANKLIN WAY | MARIETTA, GA 1312
For more information, please contact one of the following individuals:
Mark Thomas Associate 404.442.2832 [email protected]
MARKET ADVISORSGriff Sims Senior Director 404.442.2806 [email protected]
SELECT TENANT PROFILES
Inhaus is part of the Classen group of companies based in Germany. Classen is one of the world’s largest laminate floor manufacturers and truly a world leader in the industry overall. As a German-based company that is a pioneer and leader in laminate flooring, every stage of manufacturing, from raw material to finished product, happens under their roof – ensuring their floors are safe and of the highest quality.
INHAUS
As well-established leaders in the sign and graphics industry, Image360’s parent company, Sign & Graphics Operations, LLC (SGO), created Image360 over 25 years ago and brought it to be what it is today. They are one of the premier business-to-business franchises, serving the multi-billion dollar market for graphic communication services. Image360 locations provide professional graphic solutions to national, regional, and local businesses and organizations.
IMAGE 360
One of the most successful and broad-based trade groups in the trucking industry, the Georgia Motor Trucking Association (GMTA) has been promoting its members’ interest in safety, business and good government since it’s founding in 1933. GMTA is the only organization in the state that provides full-time service and representation for the trucking industry. The Association serves as the “voice” of the trucking industry in Georgia, representing for-hire carriers, private carriers, and affiliate members. GMTA is tirelessly devoted to making Georgia the best state in the nation in which to base and operate a trucking company. GMTA has been led by Ed Crowell for the past 28 years.
GEORGIA MOTOR TRUCKING ASSOCIATION
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