2736 Chapel Hill RdDouglasville, GA 30135
- Retail properties
- 5,700 SF
Property Details for 2736 Chapel Hill Rd
- Year built
- 2005
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.77 AC
- Property size (Sq ft)
- 5,700 SF
- Zone code
- CG
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 0023-01-5- -00004
- APU
- 2301500004
Description
This exceptional 25,300 square foot shopping center in Douglasville, GA (Atlanta MSA), presents a compelling investment opportunity. Located at the intersection of Chapel Hill Road and Timber Ridge Drive, this property boasts a 100% occupancy rate with a diverse mix of national, regional, and local tenants, including Starbucks, Verizon Wireless, Orange Theory Fitness, Shane's Rib Shack, and Tropical Smoothie. The center comprises two buildings, strategically positioned to maximize visibility and accessibility. Its prime location benefits from the proximity of other well-established businesses such as McDonald's, Panda Express, Texas Roadhouse, and Carrabba's Italian Grill, creating a synergistic retail environment and enhancing customer traffic. Constructed between 2005 and 2006, this Class "A" retail center sits on a 3.79-acre lot and offers a 6.50% cap rate. The asking price is $9,502,000, and existing financing may be assumed by the buyer. This thriving retail center offers a strong return on investment in a high-income, growing trade area. The property is offered free and clear or with existing financing.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,399,024
- 6.5%
- $1,291,407
- 7%
- $1,199,163
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,651,900
- Geo Method
- $2,801,842
-
Alternative Use
- Use
- Valuation
- Residential
- $1,089,350
- Hospitality
- $997,839
- Educational
- $830,190
- Medical
- $858,742
- Retail
- $1,291,407
Location Insight
- City
- Douglasville
- County
- Douglas
- State
- Georgia
- Latitude
- 33.731
- Longitude
- -84.736
- 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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