Regal Pavilion
Retail | 6.50% CAP | 35,850 SqFt
Marketing description
Regal Pavilion is a 35,850 SF institutional healthcare and experiential power center located on the East-West Connector in Austell, GA. This fully occupied property features Wellstar Pediatrics as its institutional healthcare anchor, part of the largest and most dominant healthcare network in Georgia. The center offers a 20% immediate NOI upside, as rents are currently approximately 24% below submarket averages. The property includes a strategic 1-acre outparcel approved for 3,000 SF drive-thru development, adding significant value-add potential. With unmatched positioning within the high-traffic medical and retail district of the Austell/Powder Springs submarket and a weighted average lease term (WALT) of 7.3 years, this NNN investment presents an attractive opportunity for investors seeking both immediate income and future growth potential.
Investment highlights
- 20% Immediate NOI Upside: Rents are currently ±24% below submarket averages.
- Institutional Healthcare Anchor: Features Wellstar Pediatrics, part of the largest and most dominant healthcare network in Georgia
- Strategic 1-Acre Outparcel: Included in sale; approved for 3,000 SF drive-thru development.
- Dominant Medical & Retail Corridor: Unmatched positioning within the high-traffic medical and retail district of the Austell/Powder Springs submarket.
- Value Add Opportunity: 1-Acre Pad Site
- Outparcel estimated land value = $500,000
- Approved for 3,000 SF building with drive-thru
- 56 parking spaces
- Dedicated ingress lane
- Pro-Forma NOI: Capitalizing a market-rate 3,000 SF drive-thru lease shifts the property from an in-place NOI of $578,999 to a projected Stabilized Pro-Forma NOI of $692,999.
- Yield Expansion: This single development play drives the total asset yield from an in-place 6.5% Cap Rate up to an aggressive 7.8% Pro-Forma Cap Rate.
- New pylon sign with two-sided, 4'x8' LED sign
- $100,000 value
- Advertising revenue possibilities
- Institutional quality tenants with long leasing history
- 6 New residential developments are underway nearby
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