620 Big A RdToccoa, GA 30577

Property Details for 620 Big A Rd

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.64 AC

Property size (Sq ft)

203,032 SF

Zone code

B-II

Property type

Retail properties

Property subtype

Outlet malls

APN

T28 055

APU

T28055

Description

This exceptional retail property at 620 Big A Road in Toccoa, Georgia, offers 29,745 square feet of immediately available space within a 50,195 square foot center undergoing complete redevelopment. The property boasts excellent visibility and road frontage on Big A Road, a high-traffic thoroughfare with 24,200 vehicles passing daily. With a total of 11 suites, spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 7,300 square feet, providing flexibility for various retail businesses. The center features a new pylon sign with ample space for tenant branding, ensuring maximum exposure. Ample parking is available with 182 spaces conveniently located on-site. The property is classified as Class B and benefits from a positive projected population and housing growth forecast for the next five years, promising a strong and growing customer base. The lease rate is $12 per square foot, with common area maintenance (CAM) charges of $2.58 per square foot. This is a unique opportunity to establish or expand your retail presence in a thriving Georgia community.

• CAP approach

  CAP return

  Valuation

  6%

  $76,355,080

  6.5%

  $70,481,608

  7%

  $65,447,208

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,123,372

  Geo Method

  $42,123,372

• Alternative Use

  Use

  Valuation

  Residential

  $59,453,876

  Hospitality

  $54,459,428

  Educational

  $45,309,604

  Medical

  $46,867,872

  Retail

  $70,481,608

Location Insight

City

Toccoa

County

Stephens

State

Georgia

Latitude

34.5739

Longitude

-83.3139

CBSA code

45740

CBSA name

TOCCOA, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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