Shoppes at Glendalough is a 12,969 square foot unanchored strip center situated on approximately 2.56 +/- acres and located at 105 Glendalough Court in the city of Tyrone, GA. The center is currently 92 percent leased with one remaining vacant suite available. The 1,071 square foot vacant unit represents an excellent opportunity for an owner-user or value-add investor to further capitalize on current income, below market rent and a low building price per square foot basis of only $115. By leasing out the remaining unit for $15/square foot NNN, the proforma (total) leveraged return is estimated at approximately 25% annually. The property was built in 2006 as part of the "Glendalough Court" development. The development included Shoppes at Glendalough (subject retail), the adjacent 16,476+/- square foot professional office building and Glendalough Manor; a formal wedding/event facility. Since construction, the property has been well maintained and professionally managed-contributing to the overall attractiveness and curb appeal to prospective tenants. The property features 87 parking spaces with an overall FAR (building to land) ratio of only 0.12.
Marcus & Millichap is pleased to exclusively present the Walgreens investment opportunity in Dalton, Georgia. The subject property is offer free and clear on an absolute NNN ground lease with over 18 years remaining in the initial term. This asset benefits from desirable five year option periods after the initial term. In addition, there are five percent increases in each of the seven option periods. Walgreens, which is publicly traded on the New York Stock Exchange under the ticker symbol WAG , has a current BBB credit rating from Standard & Poors.
Pegasus Investments, as exclusive investment advisor to Seller, is pleased to offer a unique opportunity to acquire a freestanding Starbucks (NYSE: SBUX) in the City of Valdosta, Georgia, just 25 minutes north of the Florida state line. Constructed in 2005 with high ceilings, exposed beams and brick & glass facade, the location was strategically chosen by the tenant to sit at the entrances and exits to Interstate 75, the area' s primary north/south passage stretching from southern Florida all the way to the Ontario border. The subject property is adjacent to the Valdosta Mall, which underwent a $12M expansion in 2006 to add a lifestyle component. Most recently the mall signed a 21,000 SF lease agreement with Bed Bath and Beyond, who is expected to open in Q4 2015. Additional mall or nearby retailers include Target, Lowe' s, Home Depot, PetSmart, ULTA, Kohl' s, Old Navy, Hobby Lobby, Tractor Supply, Ross Dress for Less, Best Buy and a variety of nationally tenanted sit down, fast food and daily need concepts. There are also over a dozen hotels within one mile of the property.
Price Upon Req.85,565 SF
Property tours are available on Tuesday, August 4th, Wednesday, August 5th and Thursday, August 6th by appointment only. To set an appointment or for further information please contact Brian Carolan at 407-581-6242 or John Zielinski at 863-602-2491.Auction.com and Crossman & Company are pleased to offer for sale the East West Shops, an 85,565 square foot neighborhood retail center located in Austell, Georgia (Atlanta MSA). The property consists of five buildings on a 15.74 acre parcel. East West Shops was constructed in phases from 2001-2004. The property has three points of ingress/egress along East-West Connector including a signalized entrance at Auldyn Drive.
Price Upon Req.16,000 SF
*Property tours are available, please contact Eva A. Horton at 770-552-2404.*Auction.com and Newark Grubb Knight Frank present the opportunity to acquire Oakwood Corners, a one-story, 75% occupied, 16,000 square foot, shopping center located in Flowery Branch, GA. The Property is located in the Gainesville / Hall County Retail Submarket. The proximate area consists of a mix of residential and local office and retail facilities, including a Kroger in the immediate vicinity. The property is located approximately 50 miles north of Atlanta via Interstate 85. Built in 2010, the neighborhood center has a well-diversified rent roll with the first tenant rollover to occur in February 2019. The existing vacancy consists of two (2) suites and each consist of 1,000 square feet and is anchored by PUR Family Fitness (8,000 SF).
Price Upon Req.4,400 SF
2 Retail Buildings Selling Together SELLS REGARDLESS OF PRICE - 279 Candler Road & 2904 Alston Road; Atlanta, GA 30317 (DeKalb County) 2904 Alston Drive - approximately 3,081 +/- sf built in 1980; Parcel #15 182 01 027; 2014 County FMV appraisal of $51,700; 2014 DeKalb County property taxes - $160.18, City of Atlanta Taxes - $1,053.55. 279 Candler Road - approximately 1,352 +/- sf built in 1950. Currently leased; Parcel #15 182 01 029; 2014 County FMV appraisal of $238,700; 2014 DeKalb County property taxes - $1,428.3, City of Atlanta Taxes - $5,282.00. Inspection: Open House August 24th at 11am sharp or Call Bruce Bryant for appointment
Stabilized Occupancy: 95% Leased Good Access: Recent road improvements provide enhanced access Visibility: Good visibility along major thoroughfare Rent Growth Potential: Ability to increase rents with improving market Financeable: Strong existing cash flow makes financing readily available Notable Tenants: Subway, State Farm, Vinny's Pizza, Ark Vet
Dunkin' Donuts is the world's leading baked goods and coffee chain, serving more than 3 million customers per day. Dunkin' Donuts sells 52 varieties of donuts and more than a dozen coffee beverages as well as an array of bagels, breakfast sandwiches and other baked goods. Dunkin' Donuts has earned the No. 1 ranking for customer loyalty in the coffee category by Brand Keys for eight years running. Boston Coffee, Inc. is a partnership between two seasoned professionals who both have extensive experience in the retail restaurant industry. The first partner has successfully owned, financed and operated over 50 Dunkin Donuts, Hurricane Grill and Wings and Marco' s Pizza restaurants in Florida and Georgia. The second partner has over 16 years of experience as an operator of Taco Bell, Hurricane Gill and Wings, Marco' s Pizza and Dunkin Donuts, has a commitment to build 25 Dunkin Donuts / Baskin Robbins and 20 Marco' s Pizza locations, has a strong personal net worth and guaranteed the lease.
This 21,337 square foot, two story retail/office center consists of 10,668sf of retail space and 10,668sf of loft office on 2.23 acres, less than 1 mile west of the heart of downtown Roswell, GA. Both upper and lower levels are accessed by ground level parking in front of the spaces and the upper loft office level has back doors with a balcony. Tenant building signage is available for loft office level spaces as well as lower level retail. The center has several strong, long term leases in place including North Fulton Primary Care with 8 lease years remaining, Anytime Fitness with 5 years remaining, a pediatric dentist with 8 years remaining, Bluegrass of Roswell with 8 years remaining. As it is a "Triple Net" leased asset, the expenses of Common Area Maintenance (CAM), Taxes and Insurance are reimbursed to the owner by all but two of the loft office level tenants
20 year lease with corporate guarantee Designed to emphasize easier parking and access, Walmart Neighborhood Markets offer similar products and services offered in their Super Centers but in the space of a typical neighborhood grocery store. New building constructed in 2014 20 year roof warranty Landlord' s only responsibilities are the new roof (with a 20 year guarantee) and structure. Tenant responsible for all interior and exterior maintenance, snow removal, taxes and insurance. (Some call this Modified NNN ) Drive-thru pharmacy and six pump fuel station Hard corner with over 40,000 cars per day Situated between Darton State College, Albany State University and Albany Technical College with over 15,000 students