1090 Regency Plaza Blvd, Mcdonough, GA 30253
55,000 SF | Retail Building | Mcdonough, GA 30253 | $11,406,206 ($207/SF) | 7.25% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $11,406,206
- Property Type
-
Retail, Health Care
- Square Feet
- 55,000 SF
- Price / Square Foot
- $207
Listing Contacts
Jeff Hammond
Verified Profile
- Property Info
Property Overview
HSI Commercial is pleased to offer a substantial NNN investment and sale leaseback opportunity in a dense commercial area of McDonough, just off of I-75. The investment includes a 20 year lease opportunity with the current occupying owner with eight percent increases every five years. The 7.25% cap rate is yielded by a stable tenant that is expanding their business to four other locations this year. The property boasts 55,000 square feet of retail space that began a major renovation in 2023. The first, completed phase of the renovation included a new roof, HVAC system and significant interior upgrades. The space is built out as a modern fitness center with 24 foot ceilings and dedicated office space, plus amenities including childcare area, locker rooms, a swimming pool, lobby and more. Phase two renovations are currently underway and include a parking lot expansion for this thriving tenant.
Property Details
- Class
- B
- Year Built/Renovated
- 2004/2023
- Stories
- 2
- Property Subtype
- Warehouse
- Lot Size (sq. ft)
- 229,997 SF
Highlights
- Significant NNN Investment opportunity in the dense commercial corridor of McDonough
- Property underwent a $5M renovation in 2023 yielding a new roof, new HVAC system and interior changes
- 2023 Population within 5 mile radius: 85,200
- Median HH Income within 5 mile radius: $93,789
- Current tenant yields a 7.25% cap rate and offers a 20-year lease opportunity
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