6351 Douglas Blvd - Freestanding FOR SALE


Douglasville, GA 30135
$3,300,000 USD
949-221-1807
6351 Douglas Blvd, Douglasville, GA for Sale
$3,300,000 USD
Freestanding - FOR SALE
1/7
null | 6.29% Cap Rate

6351 Douglas Blvd
Douglasville, GA 30135


HIGHLIGHTS

  • MATTRESS FIRM (NYSE: SGI) | ASPEN DENTAL: 1,100+ LOCATIONS | 100% LEASED PAD BUILDING
  • DOMINANT RETAIL CORRIDOR | STRONG CONSUMER DRAW /ADJACENT TO ARBOR PLACE MALL - LARGEST SHOPPING MALL IN WESTERN GEORGIA
  • 62% OF GLA WITH UNDER MARKET RENT | NO OPTIONS | 8.41% CAP RATE AT MARKET RENT
  • ORIGINAL TENANTS | EXERCISED MULTIPLE LEASE RENEWALS | 12 YEAR HISTORICAL OCCUPANCY
  • EXCELLENT ACCESS & VISIBILITY TO INTERSTATE 20 | ADDED BENEFIT OF POLE SIGN VISIBILITY
  • EASE OF MANAGEMENT | TWO NNN LEASES | PRIDE OF OWNERSHIP INVESTMENT

OVERVIEW

BROKER OF RECORD.... NOVAK & ASSOCIATES, INC...License No. 6506 8.41% CAP RATE AT MARKET RENT | NO OPTION TO RENEW FOR TENANT WITH BELOW MARKET RENT 2 TENANT OUTPARCEL PAD TO THRIVING REGIONAL MALL | 12+ YR HISTORICAL OCCUPANCIES Faris Lee Investments is pleased to present the unique opportunity to acquire the fee simple interest (land & building) in a dual tenant pad servicing the Atlanta suburb of Douglasville, GA. The tenants, Mattress Firm (NYSE: SGI) (2,300+ locations in 49 states) and Aspen Dental (1,100+ locations in 46) are industry leading tenants in their respective categories, providing an investor stable income from two nationally recognized tenants. Additionally, the tenants are under NNN leases, providing an investor ease of management with the tenants being responsible for taxes, insurance and common area maintenance expenses. Mattress Firm and Aspen Dental are strategically positioned within the heart of Douglasville’s primary retail corridor near the signalized, hard corner intersection of Douglas Boulevard and Chapel Hill Road (49,500 VPD) adjacent to the on/off ramp to Interstate 20 (101,000 VPD). The Property benefits from its strong positioning adjacent to national retailers including Target, Ross, Marshalls, Michaels, McDonald’s, Starbucks and many others creating synergistic cross over traffic. The Property further prospers from being located directly across from the 1.2M square foot Arbor Place Regional Mall, increasing consumer draw to the immediate area. Furthermore, the property prospers from over 96,000 consumers with an average annual household income in excess of $94,000 within a 5-mile radius.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$373 USD /SF

CAP RATE

6.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MF Pad | Low Rent | No Option | 8.41% PF Cap

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

DCD

APN/PARCEL ID

3015-00-2-0-100

ASK ABOUT THIS PROPERTY

Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

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

Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

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