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8110 - 8126 Highway 85 - Webb Center - Webb Center - Phase II, Riverdale, GA

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DetailMap
8110 - 8126 Highway 85 - Webb Center - Webb Center - Phase II

Riverdale, GA 30274-4194 - Riverdale/Jonesboro Ret Submarket

(3.0 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1996
Building Size:31,000 SF Land Area:3.3 AC (143,748 SF)
% Leased:
For Sale Price:$1,400,000 Price/SF:$45.16
Cap Rate:9.00 %
Smallest Space:1,000 SF Largest Space:1,000 SF Total Space Avail:1,000 SF Rent/SF/Yr:
$8.00
Parking:Free Surface spaces are available; Ratio of 2.23/1,000 SF
Features:Dedicated Turn Lane


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,000 SF
$8.00/SF/Yr
01/2017
Negotiable
Retail
 
10967423


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,000 SF
$8.00/SF/Yr
01/2017
Negotiable
Retail
Phase I And II Are Considered One Bldg.

NEAR I-75

Sale Notes:
Webb Center is a successfully leased shopping center in Riverdale, GA at the intersection of Georgia Hwy 85 and Webb Road. The property has a mix of retail and service tenants. Several long term tenants, such as the El Progresso Marketplace, Webb Center Tacqueria and the Wishy Washy Coin Laundry cater to the strong Hispanic population in the immediate market area. Webb Center also houses Mike’s Trailer Hitch Company, which has been a tenant at the property for 15 years. The property is leased at below market rental rates.
Webb Center is surrounded by a large residential market consisting of both family homes and apartments. A US Post Office fronts Webb Road, just behind the subject property. Webb Center is a part of this dynamic community. Recent ownership installed a new roof on the 8110 Building during 2004. All of the HVAC units on that building have also been replaced.

The property presents a value add opportunity to a strategic buyer.

Bull Realty Inc.
John Harrison
(404) 876-1640 x106


Bull Realty Inc.
John Harrison
(404) 876-1640 x106



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