1135 Ga-85Fayetteville, GA 30214
- Retail properties
- 12,277 SF
Property Details for 1135 Ga-85
- Year built
- 2019
- Lot size
- 2.26 AC
- Property size (Sq ft)
- 12,277 SF
- Property type
- Retail properties
- Property subtype
- Lifestyle centers
Description
This exceptional 12,277 square foot shopping center in Fayetteville, GA, presents a compelling investment opportunity. Boasting a 6.39% cap rate and a strong NOI of $505,021, the property is 100% occupied by five national tenants: Chipotle (with drive-thru), Aspen Dental, My Eyelab, Original Mattress Factory, and Tropical Smoothie Cafe. Built in 2019, the single-story building sits on a 2.26-acre lot with ample parking (101 spaces). The property features a C-3 zoning designation and benefits from a high-traffic location on GA-85, experiencing over 33,000 vehicles daily. The asking price is $7,900,000, translating to $643.48 per square foot. Tenants are secured with franchisee and corporate guarantees, offering stability and predictable income. Rent bumps are in place, providing future income growth. This prime retail location is surrounded by major national retailers, including Tesla, Publix, Aldi, Lowe's, Hobby Lobby, Walmart, and Target, further enhancing its desirability. The property's location within a thriving bedroom community of Metro Atlanta, with a population exceeding 94,000 within a 5-mile radius and an average household income over $87,000 within 3 miles, ensures a robust customer base. The property offers various lease options.
Location Insight
- City
- Fayetteville
- County
- Fayette
- State
- Georgia
- Latitude
- 33.4721
- Longitude
- -84.4428
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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