
THAT BURGER SPOT! + HOTWORX @ HENRY MARKETPLACE
New Construction - 2 Tenant Retail Center @ Henry Marketplace - Low Price Point
Marketing description
This newly constructed 2024 retail asset offers the opportunity to acquire a freestanding, 4,000 SF two-tenant building on 1.39 acres at a comparatively low price point. The property is fully leased under new 10-year NNN leases to franchise operators of That Burger Spot! and HOTWORX, with $1.00/SF annual rent increases, significant tenant-funded interior buildouts, and multiple personal guarantees. Initial rents are well below those typical of new retail construction, supporting durable income and long-term mark-to-market potential. The low-maintenance building incorporates concrete block and steel-frame construction with an accent brick veneer, while subdividable units provide future leasing flexibility. Located within Henry Marketplace, a 200,000+ SF collection of freestanding and inline retail, the property is surrounded by more than 1,000 recently completed or planned Class A multifamily and single-family residences. It is adjacent to Floor & Decor, Dick’s Sporting Goods, Best Buy, and Sam’s Club, and across from Henry Town Center, reportedly ranked among the top 15% of U.S. power centers with more than 7.23 million annual visits. One block west of I-75 and just south of Atlanta, the asset benefits from a reported 2.0% submarket vacancy rate per CoStar, strong population and employment growth, and its position within a major logistics and distribution corridor.
Investment highlights
- New 2024 Construction - Freestanding 4,000 SF Two Tenant Building - 1.39 Acre Lot | Low Price Point
- 10 Year NNN Leases Signed for That Burger Spot! + HOTWORX (Franchise Operators) - Significant Interior Build Out Invested by Tenants - Multiple Personal Guarantees
- $1/Square Foot Annual Rent Increases | Well Below Market Rent for New Retail Construction
- Superior Quality - Low Maintenance Building | Accentuated Brick Veneer Exterior - Concrete Block Construction - Steel Framing - Sub-Dividable Units Within Henry Marketplace - Collection of Over 200k+ SF of Freestanding & Inline Shopping Featuring Destination Retailers & Restaurants
- Over 1,000+ Class A Residential and SFR Units Recently Completed or Under Construction In Immediate Walking Distance
- Synergy with Major Retailers + Walkable Residential | Adjacent to Floor & Decor, Dick's, Best Buy, Sam's Club | Across from Henry Town Center - Ranked in Top 15% of Power Centers in U.S. (7.23 M+ Visits/Year)
- Submarket Vacancy Rate Reported to by 2.0% (Costar) - One Block West of I-75 - Just South of Atlanta | Explosive Population & Employment Growth -Major Logistical & Distribution Corridor
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