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560 Thornton Road - The Pointe at Lithia Springs - The Pointe at Lithia Springs, Lithia Springs, GA

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DetailMap
560 Thornton Road - The Pointe at Lithia Springs - The Pointe at Lithia Springs

Between Applebees and Walgreens
Lithia Springs, GA 30122 - Villa Rica/W Outlying Ret Submarket

(393.4 KB)

Property Type:Retail Sub Type:- Status:Existing Year Built:2004
Building Size:44,023 SF Land Area:5.45 AC (237,402 SF)
% Leased:
For Sale Price:$3,600,000 Price/SF:$81.78
Cap Rate:7.89 %
Smallest Space:914 SF Largest Space:3,674 SF Total Space Avail:9,702 SF Rent/SF/Yr:
$8.00 - $13.00
Parking:Free Surface spaces are available; Ratio of 5.33/1,000 SF
Features:Dedicated Turn Lane, Hotel, Out Parcel, Pylon Sign, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
914 SF
$8.00 - $9.00/SF/Yr
Vacant
3-5 yrs
Office/Retail
 1st
914 SF
$8.00 - $9.00/SF/Yr
Negotiable
3-5 yrs
Office/Retail
 1st
1,175 SF
$8.00 - $9.00/SF/Yr
Negotiable
3-5 yrs
Retail
 1st
1,175 SF
$8.00 - $9.00/SF/Yr
Negotiable
3-5 yrs
Retail
 2nd
3,674 SF
$12.00 - $13.00/SF/Yr
Vacant
3-5 yrs
Medical
 2nd
936 SF
$8.00 - $9.00/SF/Yr
Negotiable
Negotiable
Retail
 2nd
914 SF
$8.00 - $9.00/SF/Yr
30 Days
Negotiable
Retail
 
9907675
6663683
6671175
9471481
10588356
11395503
12015758
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
914 SF
$8.00 - $9.00/SF/Yr
Vacant
3-5 yrs
Office/Retail
1st
914 SF
$8.00 - $9.00/SF/Yr
Negotiable
3-5 yrs
Office/Retail
1st
1,175 SF
$8.00 - $9.00/SF/Yr
Negotiable
3-5 yrs
Retail
1st
1,175 SF
$8.00 - $9.00/SF/Yr
Negotiable
3-5 yrs
Retail
2nd
3,674 SF
$12.00 - $13.00/SF/Yr
Vacant
3-5 yrs
Medical
2nd
936 SF
$8.00 - $9.00/SF/Yr
Negotiable
Negotiable
Retail
2nd
914 SF
$8.00 - $9.00/SF/Yr
30 Days
Negotiable
Retail

Sale Notes:
11.5 CAP UPON LEASE-UP. By signing one 3,600sf lease (former dental office in move-in condition), cap rate becomes a 9+ cap....Stable Tenancy, Below-Market Rents + Upside Potential in a highly-occupied submarket...Two story shopping center with uses that includes orthodontic, chiropractic, psychology, beauty school, staffing, financial services, and hair and nail salons. Most of the current tenants have been onsite for 4+ years. Rents are $3-6psf less than competing centers along Thornton Road. Immediate upside through lease-up of a 3,675sf bay now occupied by Children's Dental, as this tenant will be constructing its own building and not renewing its lease.

HIGHEST TRAFFIC COUNT INTERSECTION IN DOUGLAS COUNTY. Located on the going home side of Thornton Road @ Maxham Road: 72,000+ vpd, 15 miles due west of downtown Atlanta and two miles north of I-20. Fronted by Walgreens, Sonic, AT&T, Church's Chicken. Located directly across from Kroger, Wendy's, QT, and Applebee's. Other area uses include auto dealers and industrial parks. Similar quality shopping centers (excluding subject property) along Thornton Road exceeds 97% occupancy, has not dropped below 91% in prior 10 years.


CBRE
Craig Taylor
(404) 923-1454


Riverwood Properties, LLC
Marrissa Chanin
(770) 955-7676

Sam Krueger
(770) 955-7676



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