250 Business Center Dr | Stockbridge, GA 30281
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250 Business Center Dr
Stockbridge, GA 30281
Bldg B · Retail Property For Sale
Investment Highlights
- Sales Leaseback
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 +/-26,616 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
26,316 SF
Building Class
B
Year Built
2000
Price
$5,122,413
Price Per SF
$195
Cap Rate
7.25%
NOI
$371,375
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
2.39 AC
Zoning
M1
Parking
135 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
PROPERTY TAXES
Parcel Number | 0069-01-008-046 | Improvements Assessment | $1,101,040 |
Land Assessment | $146,520 | Total Assessment | $1,247,560 |
PROPERTY TAXES
Parcel Number
0069-01-008-046
Land Assessment
$146,520
Improvements Assessment
$1,101,040
Total Assessment
$1,247,560
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