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Shopping Community

Douglasville Town Center

5891 Stewart Pkwy, Douglasville, GA 30135

Listing Price: $23,550,000

Cap Rate
8.50%
Gross SF
272,785
Rentable SF
272,785
Price/Gross SF
$86.33
Lot Size
37.28 acres
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to present Douglasville Town Center, a 272,785 square foot Retail/Office Mixed-Use center anchored by BuggyBusters liquidation superstore. In conjunction with Rogers Mechanical Contractors, Andy's Wholesale, Cobb and Douglas Community Services Board, and Janus International Group, the center's primary tenants occupy 85% of the GLA, contribute 82% of base rental income, and have a collective average lease term remaining of more than 5 years. Douglasville Town Center offers an investor the opportunity to acquire a stabilized asset with 99% occupancy in a market with excellent demographics and strong real estate fundamentals along with upside opportunity in development of a potential outparcel. The property is located 30 miles from Hartsfield-Jackson Atlanta International Airport and is situated parallel to a primary retail corridor in Douglasville with good visibility and less than 2 miles from the 1.2M square foot Arbor Place Mall. The area reflects strong demographics with a 5-Mile total population over 77,000 and average annual household incomes above $82,000. The local area has experienced excellent household and population growth of just over 43% since 2000. Additionally, the retail submarket known as Villa Rica/W Outlying has demonstrated strength in difficult market conditions with CoStar reporting a surging 12 month rent growth of 6.8% year over year. The submarket vacancy rate for retail properties was reported at just 3.6%.

Investment Highlights

  • 272,785 SF Stabilized Asset with 99% Occupancy
  • Anchored by BuggyBusters Liquidation with 43% GLA
  • Includes Potential Outparcel Development Opportunity
  • Dense Retail Corridor near Arbor Place Mall off Interstate 20

Exclusively Listed By

Financing By

Shopping Community

Douglasville Town Center

Listing Price: $23,550,000

Cap Rate
8.50%
Gross SF
272,785
Rentable SF
272,785
Price/Gross SF
$86.33
Lot Size
37.28 acres
Year Built
1990

Investment Highlights

  • 272,785 SF Stabilized Asset with 99% Occupancy
  • Anchored by BuggyBusters Liquidation with 43% GLA
  • Includes Potential Outparcel Development Opportunity
  • Dense Retail Corridor near Arbor Place Mall off Interstate 20

Investment Overview

Marcus & Millichap is pleased to present Douglasville Town Center, a 272,785 square foot Retail/Office Mixed-Use center anchored by BuggyBusters liquidation superstore. In conjunction with Rogers Mechanical Contractors, Andy's Wholesale, Cobb and Douglas Community Services Board, and Janus International Group, the center's primary tenants occupy 85% of the GLA, contribute 82% of base rental income, and have a collective average lease term remaining of more than 5 years. Douglasville Town Center offers an investor the opportunity to acquire a stabilized asset with 99% occupancy in a market with excellent demographics and strong real estate fundamentals along with upside opportunity in development of a potential outparcel. The property is located 30 miles from Hartsfield-Jackson Atlanta International Airport and is situated parallel to a primary retail corridor in Douglasville with good visibility and less than 2 miles from the 1.2M square foot Arbor Place Mall. The area reflects strong demographics with a 5-Mile total population over 77,000 and average annual household incomes above $82,000. The local area has experienced excellent household and population growth of just over 43% since 2000. Additionally, the retail submarket known as Villa Rica/W Outlying has demonstrated strength in difficult market conditions with CoStar reporting a surging 12 month rent growth of 6.8% year over year. The submarket vacancy rate for retail properties was reported at just 3.6%.

Exclusively Listed By

Financing By

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