1090 Regency Plaza Blvd | Mcdonough, GA 30253
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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
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
Parcel Number | 0093-01-009-008 | Improvements Assessment | $1,960,360 |
Land Assessment | $316,800 | Total Assessment | $2,277,160 |
PROPERTY TAXES
Parcel Number
0093-01-009-008
Land Assessment
$316,800
Improvements Assessment
$1,960,360
Total Assessment
$2,277,160
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