1040 Chen Pky - Supermarket FOR SALE


Mcdonough, GA 30253
$11,000,000 USD
949-350-5431
1040 Chen Pky, Mcdonough, GA for Sale
$11,000,000 USD
Supermarket - FOR SALE
1/8
null | 5.29% Cap Rate

1040 Chen Pky
Mcdonough, GA 30253


HIGHLIGHTS

  • Brand New 15-Year Corporate Guaranteed Sprouts Farmers Market
  • #1 Visited Sprouts in the Entire State of Georgia According to Placer.ai (Please Contact Agent for More Details)
  • Trophy Net Leased Asset with Leading Organic Grocer in the Atlanta MSA
  • Attractive Seller Financing Available with a Below-Market Interest Rate (Please Contact Agent for More Details)

OVERVIEW

--Brand New 15-Year Corporate Guaranteed Sprouts Farmers Market --#1 Visited Sprouts in the Entire State of Georgia According to Placer.ai (Please Contact Agent for More Details) --Trophy Net Leased Asset with Leading Organic Grocer in the Atlanta MSA --Attractive Seller Financing Available with a Below-Market Interest Rate (Please Contact Agent for More Details) --Prime Retail Location-- -Located Near Interstate 75 with Traffic Counts Exceeding 167,000 Cars Per Day | I-75 is a Major Highway that Connects Miami to Detroit -Newly Constructed Prototype Store with a 20-Year Roof Warranty -Multiple Residential Developments Next Door Including The Levi Luxury Apartments (±660 Brand New Apartments/Townhomes) and 66 Single Family Houses -The Subject Property is Part of a Brand-New Master Planned Development with a Number of Premium Retailers Including Whataburger, Chick-fil-A, Starbucks, Bank of the Ozarks, First Watch, Bubba’s 33, Valvoline, Costco, Chipotle, Hacienda Bar & Grill, Lush Nail Bar, and Many More --Corporate Sprouts Farmers Market-- -NNN Property with Minimal Landlord Responsibilities – Ideal for Investors Not Local to the Market -Sprouts Generated $7.72 Billion in Revenue in 2024 – a 13% Increase Over 2023 and Comparable Store Sales Growth of 7.6% | Sprouts Plans to Open 35 New Stores in 2025 -Publicly Traded Company (NASDAQ: SFM) with Over 440 Locations and 35,000 Employees -Fixed Rental Increases Provide Consistent Rental Growth and a Hedge Against Inflation --Pride of Ownership Property in McDonough, GA-- -Dense, Infill Location with Over 102,000 Residents Within 5 Miles | Affluent Area with the Average Household Income Exceeding $94,000 Within 5 Miles -The Surrounding Area Benefits From a Very Low Unemployment Level of 2.62% -Access to Major Interstate Corridor with Easy Access to Downtown Atlanta Makes the Local Market an Industrial & Distribution Hub with ±8.8M Square Feet of Industrial Properties -Atlanta is the 3rd Fastest Growing MSA in the United States and is the Economic Hub of the Southeast Broker of Record: John Leonard – 1100 Abernathy Road NE, Building 500, Suite 600, Atlanta, GA 30328 Phone: (678) 808-2700 | License: 252904

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$473 USD /SF

CAP RATE

5.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sprouts (Atlanta MSA) | New Prototype Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Convenience Store, Freestanding, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

107.82 AC

LAND SF

4,696,639 SF

ZONING

C2

APN/PARCEL ID

0053-01-018-000

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.