901 Abernathy Rd - Apartments CONDO FOR SALE


Sandy Springs, GA 30328
$950,000 USD
404-966-1019
901 Abernathy Rd, Sandy Springs, GA for Sale
$950,000 USD
Apartments CONDO - FOR SALE
1/34
null | 6.46% Cap Rate

901 Abernathy Rd
Sandy Springs, GA 30328


HIGHLIGHTS

  • Estimated 49,000 vehicles per day.

OVERVIEW

PRIME, TROPHY-CORNER LOCATION Street-level retail in Serrano, a 150-unit, 5-story luxury mid-rise (2008; ˜364 KSF) at the signalized hard corner of Abernathy Rd. & Barfield Rd.—one block west of I-285/GA-400. Built-in residential customer base plus marquee visibility to ˜27,400 vehicles/day on Abernathy. EPICENTER OF ATLANTA HQ CORRIDOR Minutes f rom Mercedes-Benz USA HQ, UPS Global HQ, Northpark Town Center, and the Concourse/“King & Queen” towers—together anchoring 120,000+ daytime employees in Sandy Springs. TRANSIT & REGIONAL ACCESS Quick walk or short shuttle to MARTA Sandy Springs Station (1,050-space deck) and immediate ingress/egress to GA-400 & I-285—placing over 1 million metro residents within a 20-minute drive. FRENCHIES TENANT ADVANTAGE This is an investment in the real estate—not in the Frenchies business itself. Frenchies is the tenant under a long-term lease. A fast-growing, health-centric nail franchise (40+ U.S. studios) with a membership model driving ~70% recurring revenue; brand positioning aligns with the wellness minded, professional Perimeter customer. TURN-KEY, NEW CONSTRUCTION ±1,428 SF 2025 prototype delivered with hospital-grade ventilation, waterless pedi stations, and nontoxic products—no cap-ex required. 7-Year NNN lease features 3% annual rent bumps. HIGH BARRIERS / LIMITED COMPETITION Tight zoning, high Class-A rents, and scarce ground-floor availability in the Perimeter corridor restrict new entrants—protecting pricing power and long-term market share. MULTIPLE DEMAND NODES WITHIN ½-MILE Perimeter Mall (1.5 MSF), Perimeter Village (380 KSF big-box center), four business-class hotels, and over 2,400 new Class-A multifamily units either open or under construction—serving a 28 MSF off ice trade area. VALUE-ADD PATHS Franchisor-approved add-on services (brows, lashes, waxing), corporate wellness packages targeting Fortune 500 campuses, and Serrano resident membership drives offer organic

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$665 USD /SF

CAP RATE

6.46%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Serrano

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

364,673 SF

STORIES

5

BUILDING CLASS

A

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

19.44 AC

LAND SF

846,806 SF

ZONING

OIC

APN/PARCEL ID

17-0019-LL-059-0,17-0035-LL-518-5,17-0035-LL-549-0

ASK ABOUT THIS PROPERTY

Amit GroverColdwell Banker Commercial Metro BrokersMore Info
404-966-1019

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Amit GroverColdwell Banker Commercial Metro BrokersMore Info
404-966-1019

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