9105 Hickory Flat HwyWoodstock, GA 30188
- Other commercial real estate
- 6,860 SF
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
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,729,905
- Hospitality
- $1,584,584
- Educational
- $1,318,355
- Medical
- $1,363,695
- Retail
- $2,050,775
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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