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1090 Regency Plaza Blvd
Mcdonough, GA 30253

Retail Property For Sale

Investment Highlights

  • Significant NNN Investment opportunity in the dense commercial corridor of McDonough
  • 2023 Population within 5 mile radius: 85,200
  • Current tenant yields a 7.25% cap rate and offers a 20-year lease opportunity
  • Property underwent a $5M renovation in 2023 yielding a new roof, new HVAC system and interior changes
  • Median HH Income within 5 mile radius: $93,789

Executive Summary

HSI Commercial is pleased to offer a substantial NNN investment and sale leaseback opportunity in a dense commercial area of McDonough, just off of I-75. The investment includes a 20 year lease opportunity with the current occupying owner with eight percent increases every five years. The 7.25% cap rate is yielded by a stable tenant that is expanding their business to four other locations this year. The property boasts 55,000 square feet of retail space that began a major renovation in 2023. The first, completed phase of the renovation included a new roof, HVAC system and significant interior upgrades. The space is built out as a modern fitness center with 24 foot ceilings and dedicated office space, plus amenities including childcare area, locker rooms, a swimming pool, lobby and more. Phase two renovations are currently underway and include a parking lot expansion for this thriving tenant.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Health Club
Building Size
55,000 SF
Building Class
B
Year Built/Renovated
2004/2023
Price
$11,406,206
Price Per SF
$207
Cap Rate
7.25%
NOI
$826,950
Tenancy
Single
Building Height
2 Stories
Building FAR
0.24
Lot Size
5.28 AC
Zoning
C3 - Commercial with land use as fitness center
Parking
120 Spaces (2.18 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0093-01-009-008
Land Assessment
$316,800
Improvements Assessment
$1,960,360
Total Assessment
$2,277,160
  • Listing ID: 32285739

  • Date on Market: 6/28/2024

  • Last Updated:

  • Address: 1090 Regency Plaza Blvd, Mcdonough, GA 30253

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