For Sale
$2,500,000

3050 Mansell Rd Alpharetta, GA 30022

High-yield retail investment, 9,966 SF

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Alpharetta, GA retail property, located at 3050 Mansell Rd (APN 12-2620-0685-034-2), offers a compelling investment opportunity. The 9,966 square foot, single-story building, constructed in 1998, sits on a 0.952-acre lot and is zoned for multi-occupancy retail. Currently housing three tenants, including a long-term restaurant occupant, the property boasts a strong pro-forma NOI of $175,000 and a 7.00% pro-forma cap rate. The asking price is $2,500,000 ($250.85/sq ft). The lease type is NNN, with a remaining lease term of 1.5 years for the existing tenants. The property's prime location near North Point Mall and Highway 400 provides excellent visibility and accessibility. A portion of the building is currently vacant, presenting an opportunity for owner-occupancy or leasing to additional tenants. The seller is open to leasing the vacant space to a suitable tenant. This property is ideal for an owner-user seeking a high-return investment or an investor looking for a strong cash flow opportunity in a thriving retail market. The property features one building with a total of three units. No tenant credit rating is available.

Highlights

  • High-traffic retail space near North Point Mall and Hwy 400.
  • Suitable for owner-occupancy or investment.

Property Details for 3050 Mansell Rd

Property type
Retail properties, Restaurants
Square Feet
9,966 SF
Year Built
1998
Buildings
1
Stories
1
Lot Size (sq. ft)
41,469 SF
Units
3

Location Insight

City
Alpharetta
County
Fulton
State
Georgia
Latitude
34.0379694
Longitude
-84.2962977

FAQs

What type of property is this?
Retail property - High-yield retail investment, 9,966 SF
Where is the retail property located?
The property is located at 3050 Mansell Rd Alpharetta, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High-traffic retail space near North Point Mall and Hwy 400.; Suitable for owner-occupancy or investment.;
How can I contact the broker?
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3050 Mansell Rd
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