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Apollo Retail Center for sale in publix 1279 7310 Spout Springs Blvd

7,500 SF 100% Leased 4-Star Retail Building Flowery Br, GA 30542 $2,650,000 ($353/SF) 7.50% Cap Rate

Investment Highlights

  • 7,500 SF retail center for sale with neighboring commercial lot with up to 12,000 SF space to develop
  • Prime location among lots of new development and retail
  • Many national neighboring tenants including Publix

Executive Summary

This is a Retail Center with Huey Mcgoos, and Burn boot camp as current tenants. In addition there is additional space to develop retail, medical, professional or a restaurant space.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $200,000 $26.67
Other Income - -
Vacancy Loss - -
Effective Gross Income $200,000 $26.67
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $200,000
Annual Per SF $26.67
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $200,000
Annual Per SF $26.67
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$2,650,000
Price Per SF
$353
Cap Rate
7.50%
NOI
$198,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Land Acres
1.54 AC
Zoning
C1 - Retail Center located in the Publix shopping center (1279) This is a partially developed retail Center with NNN leases on 7500 sq ft

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Arts, Entertainment, and Recreation
  • 4,000 SF
  • $24.48
  • Triple Net
  • Jul 2032

Their mission is to ignite a global health transformation through empowering women and their families. They seek to build confidence, happiness, and disciplines that transcend fitness, creating mentally and physically strong communities. Burn Boot Camp, founded by husband and wife Devan and Morgan Kline in 2012, was always meant to be more than just a gym. Purpose, passion, and community are the building blocks of Burn. They are the principles that define the experience for their Franchise Partners and their Members. Today, Morgan and Devan’s vision of empowering strong women to enact change in their lives through fitness is embodied by each of their Franchise Partners. They live in Cornelius, NC, with their three children and still train camps to this day.

  • Accommodation and Food Services
  • 3,500 SF
  • $29.13
  • Triple Net
  • Jul 2032

Huey Magoo’s was founded in 2004 by Matt Armstrong and Thad Hudgens, two southern boys with a passion for quality chicken and a penchant for serving others. Now, former executives from one of the fastest-growing franchise chains, Wingstop, have partnered with the founders from Huey Magoo’s. Both partners have taken their similar passion and bullseye focus for the perfect chicken tender by crafting it into everything that Huey Magoo’s offers today. Alongside the original two co-founders, the Huey Magoo’s team is led by President and CEO Andy Howard, Chairman of the Board Wes Jablonski, COO Mike Sutter, VP of Operations Matt Poleos, and Board of Directors Member Bill Knight. At Huey Magoo’s they serve only REAL tenders made from the tenderloin. It’s the filet mignon and the best 3% of the chicken. Their tenders are all-natural, with no antibiotics ever, no hormones, no steroids, and no preservatives.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Arts, Entertainment, and Recreation 4,000 SF $24.48 Triple Net Jul 2032
Accommodation and Food Services 3,500 SF $29.13 Triple Net Jul 2032

Nearby Major Retailers

Chase Bank
Workout Anytime
Publix
Starbucks
WNB factory
Waffle House
Regions Bank
9Round
Huddle House
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-00041-00-184
Land Assessment
$580,880 (2024)
Improvements Assessment
$590,120 (2024)
Total Assessment
$1,171,000 (2024)
  • Listing ID: 33381844

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: 7310 Spout Springs Blvd, Flowery Br, GA 30542

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