Brookside Walk
9,863 SF | 100% Leased | Retail Building | Alpharetta, GA 30005 | $2,365,000 ($240/SF) | 6.79% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,365,000
- Property Type
-
Retail
- Square Feet
- 9,863 SF
- Price / Square Foot
- $240
Listing Contacts
Russell Malayery, CCIM
Verified Profile
- Property Info
Property Overview
Brookside Walk is a 3 tenant - 8,400 square foot trophy retail center that is 100% leased to the regional office for Arrow Exterminators, Copacabana Brazilian bakery and Tryst Hair Salon. The center features direct visibility to Old Milton Park way in Alpharetta, GA – a major thoroughfare that reports over 44,000 vehicles per day. The center was built in 2003 and has been very well maintained by the current owner with zero deferred maintenance visible from the exterior.
The average rent for the center is 25% lower than the reported rents for tenants located in adjacent retail. All tenants have demonstrated success at this center, evidenced by 5+ year occupancy at the center and recently executed lease renewals.
The area surrounding the property is characterized by dense, high-end residential (5-Mile Population 200,000+) as well as being a strong employment center (5-Mile Daytime Population 241,000+). The demographics in the immediate area are excellent – it is located within the #5 wealthiest zip code in Georgia (1- Mile Household Income $126,259). The property is just east of GA-400 and the Avalon mixed-use development containing 1M+ SF of retail, office, multi-family.
The average rent for the center is 25% lower than the reported rents for tenants located in adjacent retail. All tenants have demonstrated success at this center, evidenced by 5+ year occupancy at the center and recently executed lease renewals.
The area surrounding the property is characterized by dense, high-end residential (5-Mile Population 200,000+) as well as being a strong employment center (5-Mile Daytime Population 241,000+). The demographics in the immediate area are excellent – it is located within the #5 wealthiest zip code in Georgia (1- Mile Household Income $126,259). The property is just east of GA-400 and the Avalon mixed-use development containing 1M+ SF of retail, office, multi-family.
Property Details
- Class
- C
- Year Built/Renovated
- 2003/2020
- Stories
- 1
- Lot Size (sq. ft)
- 40,511 SF
Highlights
- * Trophy Retail Property | 100% Occupied 8,400 SF Three Tenant Strip Center
- * Excellent Visibility | High Traffic Counts of 51,500 Vehicles/Day on Old Milton Parkway
- * Very Well Maintained | Zero Visible Deferred Maintenance
- * Below Market Rent | Average Rent in Center is 25% Lower than Adjacent Retail
- * 100% leased- All Tenants Have Been at the Center for 5+ Years and Recently Renewed
- * Located in #5 Wealthiest Zip Code in Georgia | Just East of the 1M+ SF Avalon Project
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].