372 Exchange BlvdBethlehem, GA 30620

Property Details for 372 Exchange Blvd

Year built

2016

Construction

STEEL FRAME

Lot size

1.30 AC

Property size (Sq ft)

13,439 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Strip malls

APN

WN16 009G

APU

WN16009G

Description

Exceptional value-add opportunity presented by The Shoppes at Winder Station, a Class A, 23,110 square-foot shopping center in Bethlehem, Georgia. This multi-tenant property, built in 2015, consists of two single-story buildings encompassing nine suites across 2.56 acres. Currently boasting a 71.5% occupancy rate with seven tenants representing diverse industries including food service, medical, retail, and cosmetology, the property offers significant upside potential. The existing Net Operating Income (NOI) is $349,993, with a pro-forma NOI projected at $549,237, reflecting a 5.00% current cap rate and a pro-forma cap rate of 7.85%. The asking price is $7,000,000, translating to $302.90 per square foot. The property benefits from a prime location on Exchange Blvd, adjacent to University Parkway, experiencing high traffic volume (30,000 vehicles daily) and proximity to major retailers such as Publix, Target, and Home Depot. The property is zoned B2 and features a fee simple ownership structure. The remaining 6,600 square feet of vacant space presents a clear path to increase income through lease-up. This NNN-leased property offers a compelling investment opportunity for discerning buyers seeking strong returns in a thriving retail market. APN: WN16 009G, WN16 009F.

• CAP approach

  CAP return

  Valuation

  6%

  $3,466,966

  6.5%

  $3,200,276

  7%

  $2,971,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,924,659

  Geo Method

  $3,924,659

• Alternative Use

  Use

  Valuation

  Residential

  $2,699,552

  Hospitality

  $2,472,776

  Educational

  $2,057,320

  Medical

  $2,128,075

  Retail

  $3,200,276

Location Insight

City

Bethlehem

County

Barrow

State

Georgia

Latitude

33.9436

Longitude

-83.7449

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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