5866 Spout Springs Rd - Storefront FOR SALE


Flowery Branch, GA 30542- Oakwood/Flowery Branch
$2,750,000 USD
678-808-2747
5866 Spout Springs Rd, Flowery Branch, GA for Sale
$2,750,000 USD
Storefront - FOR SALE
1/9
null | 6.01% Cap Rate

5866 Spout Springs Rd
Flowery Branch, GA 30542
Oakwood/Flowery Branch


HIGHLIGHTS

  • 100% Occupied Publix Shadow Strip Center | Ease of Management with Four Tenants
  • Close Proximity to I-985 (66,800+ VPD) | Direct Access from Signalized Intersection
  • Rare Double Drive-Thru | Excellent Street Level Visibility and Signage
  • Long Term Tenant History with 5.1 Year WALT | Excellent Internet Resistant Tenant Mix
  • Strong Leases with Immediate Value-Add Opportunity | Future Flexibility with Limited Options Remaining
  • A-Class Location in Dense Retail Corridor | Average Household Income of $130,650 in a 3 Mile Radius

OVERVIEW

Marcus & Millichap is pleased to present The Plaza at Flowery Branch. This four tenant Publix shadow strip center is 100% occupied with an excellent mix of tenants. Three of the tenants have very long history at the site and have recently extended leases, with the fourth tenant approaching 2 years on site. The property sits just of I-985 on Spout Springs Road with excellent visibility and access at a signalized intersection. The location is in a dense retail corridor with heavy traf?c driven to the area. With only four tenants, there is very limited management needed. There is also immediate value-add potential with strong leases in place and current ownership not doing annual reconciliations and collecting the appropriate expense reimbursements owed. With limited options remaining there is also ?exibility for future lease negotiations.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$501 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Plaza at Flowery Branch

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,581 SF

ZONING

HB

APN/PARCEL ID

08-00114-04-012

ASK ABOUT THIS PROPERTY

Matthew WelchMarcus & MillichapMore Info
678-808-2747

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Matthew WelchMarcus & MillichapMore Info
678-808-2747

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