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Ole Mill Village 914-948 Lee St

27,943 SF 100% Leased Retail Building Jefferson, GA 30549 $8,000,000 ($286/SF) 7.24% Cap Rate

Mixed Use Properties Georgia Jefferson 914-948 Lee St, Jefferson, GA 30549

Investment Highlights

  • PRIME FRONTAGE AND VISIBILITY – The property is ideally situated with full frontage and visibility along Lee Street.
  • AREA GROWTH AND RETAIL DEMAND – The area is benefiting from the growth between northeast Atlanta and Athens. The property is 100% leased
  • STRONG TENANT ROSTER – Demand in the immediate area has been strong. The center has two credit unions, restaurants, Anytime Fitness
  • UPSIDE IN RAISING RENTS – Average rents are $20/SF NNN, with the two new leases in the expansion building recently signed at approximately $28/SF NNN.

Executive Summary

Broker of Record
Bill Pedersen
License No. 80041 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
27,943 SF
Building Class
B
Year Built/Renovated
2007/2014
Price
$8,000,000
Price Per SF
$286
Cap Rate
7.24%
NOI
$579,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Land Acres
3.68 AC
Zoning
C2 - Commercial
Parking
68 Spaces (2.43 Spaces per 1,000 SF Leased)
Frontage
234 FT on Lee St

Links

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PROPERTY TAXES

Parcel Number J04-018B Improvements Assessment $1,028,160
Land Assessment $243,480 Total Assessment $1,271,640

PROPERTY TAXES

Parcel Number
J04-018B
Land Assessment
$243,480
Improvements Assessment
$1,028,160
Total Assessment
$1,271,640
(404) 849-1631

  • Listing ID: 33058475

  • Date on Market: 9/4/2024

  • Last Updated:

  • Address: 914-948 Lee St, Jefferson, GA 30549

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Ole Mill Village | 914-948 Lee St
(404) 849-1631 x

Ole Mill Village | 914-948 Lee St

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Jeff Enck

(404) 849-1631

(404) 849-1631

Kyle Stonis

(312) 847-5437

(312) 847-5437

Pierce Mayson

(404) 231-4696

(404) 231-4696

Boris Shilkrot

(470) 986-0689

(470) 986-0689

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