Speak With Your Loan Expert Now

Call (800) 592-3136

Start Live Chat

Filter Options

RTS Associates

-

LTV (Loan to Value) 0.00% Current NOI
Interest Rate 0.000% Cap Rate 0.000%
Fixed Term 10 Years Years Land Area
Amortization Years Lease Type
Loan Amount Property Type
Payment Property Lease
Building Size Remaining Terms

Location Description

Lawrenceville is a city in and the county seat of Gwinnett County, Georgia. As the second oldest city next to Atlanta, Lawrenceville long ago became the hub of activity as well as a community that openly embraced visitors and newcomers alike. Downtown Lawrenceville offers valuable living on the square with the new “Cornerstone On The Square” condos and townhomes. Lawrenceville’s revitalization plan was strengthened in 2005 when the city crafted a unique partnership with the Aurora Theatre (Gwinnett county’s only professional theatre), which relocated from the nearby town of Duluth to a permanent site in downtown Lawrenceville in May 2007 for the opening of its eleventh season. The city is also home of the AAA minor league baseball team, the Gwinnett Braves, who play at Coolray Field.

Highlights

Superior Location – The subject property is located in Lawrenceville, GA, a part of the Atlanta MSA. There are over 176,662 people within a five (5) mile radius of the subject property. According to Costar, population within this radius is expected to grow at 9.51% between 2014 - 2019, well above the national growth projection of .82%.Recently Extended Term – The tenant, RTS Associates, has extended their lease at the subject property for an additional ten (10) years. Absolute NNN Lease – The property is on an absolute NNN lease with zero landlord responsibilities. Tenant is responsible for any and all expenses associated with the building. Strong Regional Tenant – Founded in 1998, RTS, LLC, is an innovative telecom supplier employing over 200 professionals across the region. Over the past 17 years, RTS has grown into a major asset for several Fortune 500 businesses. High Yield Opportunity – At $1,800,000, the in-place cap rate is 8.00% and the average cap rate over ten (10) years is 9.17%.

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.