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Marketing Description
This is an excellent opportunity for an investor to acquire a fully stabilized shopping center onto their investment portfolio. Offering a current 7% Cap Rate in a very fast-growing area. Constructed in 2007 with quality, Austin Plaza is a 10,467-square-foot shopping center situated on 1.45 acres with 7 total units and a freestanding billboard.
Long-term tenants on triple NNN leases with a yearly minimum 3% escalation on all leases. With over 300 feet of road frontage, the center has outstanding visibility and direct access to Glenwood Road (23,094 VPD). Building construction consists of all brick siding and glass/aluminum-frame storefronts. The subject property offers significant upside potential, making it a lucrative investment opportunity poised for strong cash flow and value appreciation.
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Marketing Description
This is an excellent opportunity for an investor to acquire a fully stabilized shopping center located inside Interstate 285 (Atlanta Perimeter Hwy) within a high-density (254,145 population within 5-mile radius) area of Decatur, a suburb of Atlanta, GA. Constructed in 2007, Austin Plaza is a 10,000-square-foot center located on 1.45 acres. With over 300 feet of road frontage, the center has outstanding visibility and direct access to Glenwood Road (23,094 VPD). Building construction consists of all brick siding and glass/aluminum-frame storefronts. This premium construction provides an owner with very low maintenance responsibilities while offering excellent curb appeal. Easily managed with only seven tenants, the center includes stable service uses such as SavWay Food Mart, MetroPCS, China King Takeout, and a beauty salon and barber shop. The property also includes a freestanding 4-panel billboard.
Investment Highlights
- Fully Stabilized 7-Tenant Retail Center
- 4-Panel Billboard on Property
- Located inside I-285 (Atlanta Perimeter Hwy)
- 254,145 Population within 5 Miles
- Service-Oriented Tenants
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Contact Information
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Comparable Properties
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