5735 Stables WayAlpharetta, GA 30004

Property Details for 5735 Stables Way

Year built

2024

Property size (Sq ft)

1,643 SF

Property type

Industrial properties

Property subtype

Flex space

Description

This exceptional investment opportunity presents a single-tenant, 1,643 square foot flex space located at 5735 Stables Wy, Alpharetta, GA 30004. The property, built in 2024, boasts a desirable M1 zoning and features a 22-foot ceiling height. The building includes a 14x14 overhead door, a mezzanine with luxury vinyl plank flooring, a restroom with a rough-in shower, HVAC, LED lighting, 3-phase power, a sprinkler system, and 24-hour access. Energy-efficient construction contributes to operational efficiency. Currently under a triple-net (NNN) lease with a credit-rated tenant, the lease commenced July 12, 2024, and expires July 9, 2027, offering a remaining term of three years. The lease includes 3% annual rent bumps, ensuring consistent income growth. The asking price is $545,954.12, representing a compelling 8.50% cap rate and a price per square foot of $440.29. The monthly base rent is $3,491.38. The seller will pre-pay CAM fees at closing. This property is situated on a ground lease and includes a personal guarantee. The unit dimensions are 31' x 40', with a 403 square foot mezzanine, resulting in a total net rentable area of 1,643 square feet. This is a turnkey investment opportunity with strong tenant credit and a secure lease.

Location Insight

City

Alpharetta

County

Forsyth

State

Georgia

Latitude

34.1462

Longitude

-84.2496

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