Bldg B
26,316 SF | Retail Building | Stockbridge, GA 30281 | $5,122,413 ($195/SF) | 7.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,122,413
- Property Type
-
Retail, Health Care
- Square Feet
- 26,316 SF
- Price / Square Foot
- $195
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 +/-26,616 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
- 2000
- Stories
- 1
- Property Subtype
- Service
- Lot Size (sq. ft)
- 104,108 SF
Highlights
- Sales Leaseback
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