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Bldg B 250 Business Center Dr

26,316 SF Retail Building Stockbridge, GA 30281 $5,122,413 ($195/SF) 7.25% Cap Rate

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
Health Club
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
Land Acres
2.39 AC
Zoning
M1
Parking
135 Spaces (3 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access

Nearby Major Retailers

PNC Bank
Publix Super Markets
Bubbakoo's Burritos
Chase Bank
VyStar Credit Union
United Community Bank
Waffle House
Ameris Bank
La Hacienda
Chicken Salad Chick

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0069-01-008-046
Land Assessment
$146,520
Improvements Assessment
$1,101,040
Total Assessment
$1,247,560
  • Listing ID: 32285780

  • Date on Market: 6/28/2024

  • Last Updated:

  • Address: 250 Business Center Dr, Stockbridge, GA 30281

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