SRS’ Southeast Investment Sales team exclusively marketed and brokered the sale of a single-tenant net lease Arby’s in Rockmart, Ga. The property is located at 1301 Nathan Dean Parkway, consisting of 2,992 square feet on 0.78 acres of land. The seller, Georgia Avenue III, LLC sold the property to The Morada Group, LP and the Zeigler Trust on August 16, 2016 for $1,250,000.
“The Arby’s in Rockmart presented an ideal opportunity for the west coast purchaser to fully satisfy the up leg of their 1031 Exchange, closing within a short timeframe,” said John A. Topping Jr., associate for SRS’ Southeast Investment Sales Team. “Positioned adjacent to the Walmart supercenter along the primary retail corridor and featuring a long-term corporate lease, this asset is well-suited for the buyer’s portfolio.”
John A. Topping, Jr., associate, and Robert Drake, senior analyst, in the SRS Atlanta Office, represented the seller, Georgia Avenue III, LLC, in the transaction. The buyer was represented by Leonard Jarrott with Jarrott & Co. Real Estate Investments in the transaction.
About SRSReal Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.