9105 Hickory Flat HwyWoodstock, GA 30188

Property Details for 9105 Hickory Flat Hwy

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

6,860 SF

Zone code

GC

Property type

Commercial real estate

APN

02N03 217 E

APU

02N03217E

Description

This exceptional 1-story, 1-building shopping center, located at 9105 Hickory Flat Hwy in Woodstock, Georgia (Cherokee County, zip code 30188), presents a compelling investment opportunity. The property, built in 1997 and renovated in 2022, boasts a total of 1,400 square feet of net rentable space across multiple units, currently enjoying a 95% occupancy rate. The center features a mix of tenants, including Dollar General, Yen Chin Chinese Restaurant, Military Depot, and Hickory Grove Furniture, with a prominent end-cap unit available. The property sits on a substantial 392,911 square foot lot, offering ample space and potential for future development. The C2 zoning allows for a variety of commercial uses. The property includes 660 parking spaces and benefits from 18 square feet of air rights. The lease type is NNN, with credit-rated tenants and corporate guarantees providing financial stability. The current lease term is 3 years. A nearby BIG AIR Trampoline Amusement Park is slated to open in Summer 2025, promising increased foot traffic and visibility. The land value is estimated at $18-$22 per square foot. This owner/user investment opportunity offers a strong return with a diverse tenant mix and a prime location in a growing area. The property is currently 95% occupied, with an occupancy date of October 1, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $1,712,850

  6.5%

  $1,581,100

  7%

  $1,468,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,150,980

  Geo Method

  $421,067

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,143,650

  Retail / Commercial

  $1,606,010

  Mixed-Use / Specialty

  $1,595,530

  Hospitality / Lodging

  $1,164,400

  Office

  $1,581,100

  Institutional / Educational

  $1,657,010

  Residential Income

  $1,938,700

  Multifamily

  $2,351,540

  Automotive / Energy

  $1,420,290

  Parking / Income-Based Land

  $494,825

  Restaurant / Food Service

  $819,696

  Healthcare / Senior Housing

  $1,641,060

Location Insight

City

Woodstock

County

Cherokee

State

Georgia

Latitude

34.1417

Longitude

-84.3925

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].