7601 North Point Pky - Freestanding FOR SALE


Alpharetta, GA 30022
$3,660,000 USD
404-812-8927
7601 North Point Pky, Alpharetta, GA for Sale
$3,660,000 USD
Freestanding - FOR SALE
1/6
null | 6.5% Cap Rate

7601 North Point Pky
Alpharetta, GA 30022


HIGHLIGHTS

  • Two-Tenant retail center situated in Alpharetta, one of Atlanta's most affluent and desired areas with high household income and population growth.
  • Fully Leased to to The Honey Baked Ham Co. & Verizon (NYSE: VZ)
  • Verizon is making this a marquee store and doing a $400,000 renovation, showing a commitment to location.
  • Located just off of GA-400 (Mansell Rd) and nearby to substantial commercial developments of retail, office, hotels, and multi-family.
  • Plans call for North Point Mall (located just 0.5 mile away from subject property) to be redeveloped into a new mixed-use development

OVERVIEW

This exceptional investment opportunity is a two-tenant retail center located in the prime Atlanta suburb of Alpharetta. The 6,498 square foot building is situated on 0.91 acres as an outparcel to Mansell Crossing, a 250,000+ square foot power center anchored by retailers such as Burlington, TJ Maxx, Macy's Furniture, REI, HomeGoods, and more. The building is attractive white brick architecture with ample parking for all customers. The retail market of the immediate and surrounding areas is consistently in demand with steady annual rent growth. The population in a 5-mile radius of the property is nearly 195,000 with an average household income of over $159,000, with projections showing substantial and continued growth.

FOR SALE DETAILS

PRICE

$3,660,000 USD

PRICE/SF

$563 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Honey Baked Ham & Verizon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

13.87 AC

LAND SF

604,177 SF

ZONING

OI

APN/PARCEL ID

12-2500-0655-029-3

ASK ABOUT THIS PROPERTY

Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

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Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

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