1025 Veterans Memorial HwyMableton, GA 30126

Property Details for 1025 Veterans Memorial Hwy

Year built

2004

Lot size

13.99 AC

Property size (Sq ft)

81,828 SF

Zone code

GC

Property type

Retail properties

Property subtype

Strip malls

APN

18016600330

APU

18016600330

Description

Providence Pavilion presents a compelling retail investment opportunity in Cobb County. This well-positioned strip/neighborhood center boasts a substantial 95,206 square feet of gross leasable area (GLA), currently featuring a strong tenant mix anchored by Publix, Subway, and Walgreens. A significant advantage is the approximately 4,887 square feet of vacant space, offering immediate potential for increased revenue generation. The property benefits from excellent visibility and convenient access, situated just two miles from I-285, providing rapid connectivity to the greater Atlanta area. Further enhancing its appeal is a readily available approximately half-acre outparcel, complete with a roughly 2,087 square foot building. This outparcel presents a unique opportunity for expansion, modification, or lease to a complementary business. The center enjoys signalized access and benefits from high traffic volume, with Georgia Department of Transportation (GDOT) data reporting an Annual Average Daily Traffic (AADT) of 23,280 vehicles on Veterans Memorial Highway. This combination of strong anchors, available space, convenient location, and high traffic counts makes Providence Pavilion an attractive investment prospect for discerning buyers seeking a stable and potentially high-growth retail asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $16,540,200

  6.5%

  $15,267,877

  7%

  $14,177,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,222,652

  Geo Method

  $40,222,652

• Alternative Use

  Use

  Valuation

  Residential

  $12,879,026

  Hospitality

  $11,797,118

  Educational

  $9,815,064

  Medical

  $10,152,619

  Retail

  $15,267,877

Location Insight

City

Mableton

County

Cobb

State

Georgia

Latitude

33.8054

Longitude

-84.5258

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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