3435-3461 Roosevelt Hwy - Storefront FOR SALE


Red Oak, GA 30272
$9,700,000 USD
407-557-3802
3435-3461 Roosevelt Hwy, Red Oak, GA for Sale
$9,700,000 USD
Storefront - FOR SALE
1/11
null | 6.93% Cap Rate

3435-3461 Roosevelt Hwy
Red Oak, GA 30272


HIGHLIGHTS

  • Year 2 Cap Rate Based off Current Escalations is 7%
  • All Buildings Have Brand new Roofs, Replaced in 2023
  • Passive Investment with NNN Leases in Place
  • Priced well Below Replacement Cost at $133 SF

OVERVIEW

Marcus and Millichap is pleased to present the Red Oak Village for sale in Atlanta, Georgia. This Trophy asset is strategically located just 5 miles from the Jackson Hartfield International Airport, in the booming metro Atlanta market. The property is home to five national tenants including an additional 17 mom & pop stores and local chains. The tenants are all on NNN leases providing a stress free investment. Most of these tenants also have yearly rental increases of 3%, hedging against and most years, beating CPI. There is value-add upside here with below market rents and a few expiring leases over the next two years. The submarket retail vacancy is below 3%, so leasing the units at a higher price is probable. An investor can have full confidence in this properties ability to perform proven by the long tenured success of the in-place tenants and rapidly expanding Atlanta market.

FOR SALE DETAILS

PRICE

$9,700,000 USD

PRICE/SF

$129 USD /SF

CAP RATE

6.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Oak Village

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

C1

APN/PARCEL ID

13-0064-LL-119-5

ASK ABOUT THIS PROPERTY

Alex GoodaleMarcus & MillichapMore Info
407-557-3802

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Alex GoodaleMarcus & MillichapMore Info
407-557-3802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.