Red Oak Village | 3435-3461 Roosevelt Hwy
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Red Oak Village 3435-3461 Roosevelt Hwy
74,980 SF 96% Leased Retail Building Red Oak, GA 30272 $9,700,000 ($129/SF) 6.93% Cap Rate
Investment Highlights
- Year 2 Cap Rate Based off Current Escalations is 7%
- Passive Investment with NNN Leases in Place
- All Buildings Have Brand new Roofs, Replaced in 2023
- Priced well Below Replacement Cost at $133 SF
Executive Summary
Marcus and Millichap is pleased to present the Red Oak Village for sale in
Atlanta, Georgia. This Trophy asset is strategically located just 5 miles
from the Jackson Hartfield International Airport, in the booming metro
Atlanta market. The property is home to five national tenants including an
additional 17 mom & pop stores and local chains.
The tenants are all on NNN leases providing a stress free investment. Most
of these tenants also have yearly rental increases of 3%, hedging against
and most years, beating CPI. There is value-add upside here with below
market rents and a few expiring leases over the next two years. The
submarket retail vacancy is below 3%, so leasing the units at a higher price
is probable. An investor can have full confidence in this properties ability
to perform proven by the long tenured success of the in-place tenants and
rapidly expanding Atlanta market.
Atlanta, Georgia. This Trophy asset is strategically located just 5 miles
from the Jackson Hartfield International Airport, in the booming metro
Atlanta market. The property is home to five national tenants including an
additional 17 mom & pop stores and local chains.
The tenants are all on NNN leases providing a stress free investment. Most
of these tenants also have yearly rental increases of 3%, hedging against
and most years, beating CPI. There is value-add upside here with below
market rents and a few expiring leases over the next two years. The
submarket retail vacancy is below 3%, so leasing the units at a higher price
is probable. An investor can have full confidence in this properties ability
to perform proven by the long tenured success of the in-place tenants and
rapidly expanding Atlanta market.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
74,980 SF
Building Class
B
Year Built
1987
Price
$9,700,000
Price Per SF
$129
Cap Rate
6.93%
NOI
$672,000
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Land Acres
10.00 AC
Zoning
C1 - Commercial, retail
Parking
300 Spaces (3.93 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Currently, it is occupied by a tax office. Available 12/15/2023
- B002
- 1,800 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 12 | 924 SF | Retail | - | Now |
| B002 | 1,800 SF | Retail | - | Now |
12
| Size |
| 924 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
B002
| Size |
| 1,800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
12
| Size | 924 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Currently, it is occupied by a tax office. Available 12/15/2023
PROPERTY TAXES
| Parcel Number | 13-0064-LL-119-5 | Improvements Assessment | $1,250,640 |
| Land Assessment | $1,276,760 | Total Assessment | $2,527,400 |
PROPERTY TAXES
Parcel Number
13-0064-LL-119-5
Land Assessment
$1,276,760
Improvements Assessment
$1,250,640
Total Assessment
$2,527,400
-
Alex Goodale -
Salim Valiani -
Marcus & Millichap
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Red Oak Village | 3435-3461 Roosevelt Hwy
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