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Shopping Community

Greenbriar Marketplace

2975 Headland Dr SW, Atlanta, GA 30311

Listing Price: $16,266,630

Cap Rate
9.98%
Gross SF
140,020
Rentable SF
140,020
Price/Gross SF
$116.17
Lot Size
17.26 acres
Year Built
1974

Investment Overview

This property boasts an incredible net income of $1,623,120. The tenant mix of this property proves to be healthy for one another and allow for success. The Discount Mall anchor tenant attracts an enormous amount of foot traffic, greatly benefiting the other tenants such as Dollar General, and the other service-based tenants. The Triple Net lease structure of this property makes the investment even more attractive and allows a landlord to rest assured in the case of increases in expenses. Being able to secure a
property of this size with this strong of an income is a rare opportunity-especially to be NNN leasing structure.

Business value of the discount mall is also included within this sale. The robust income of this property adds and additional $408,033 to the bottom line here. The Discount Mall business is a seamless operation in which an owner can expect to oversee micro tenants and collect monthly checks. The demand in the area for these vendors can be underscored by the number of tenants in place here- 133 of them- and high level of customers visiting the Discount Mall every single day. Vendors have high margins on their products and in turn pay a small rent relative to their sales. This further benefits the owner of this business operation to rest assured that the tenants are experiencing success, and in turn being able to have a high volume of vendors in the mall drastically added to the bottom line of this operation without increasing the expenses. A future owner of this would be able to get creative in ways to further increase the value of the operation with a whooping 95,992 square foot to play with- DK Suit store representing 25% of this total square footage.

The property presents a unique opportunity to acquire a near 10-cap deal. The return on this investment far exceeds the return that can be achieved in any other investment instrument today- and the property is poised to experience significant appreciation in the coming years due to the incredible growth Atlanta is experiencing, and the city of East Point investing heavily in their community to draw higher income individuals to the city, and more people working out of Atlanta that want a suburban home.

Investment Highlights

  • Full Pass-Through Entity, all NNN Leases
  • Oversized 17.26 Acre Parcel
  • Renovated in 1995
  • Home to the Renowned Local Attraction in Discount Mall
  • Robust Yearly Income of $1,623,120
  • Service-Oriented Tenants Offer Stability and Maintain a Consistent Level of Demand
  • Well Below Replacement Cost at $118/SF

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Shopping Community

Greenbriar Marketplace

Listing Price: $16,266,630

Cap Rate
9.98%
Gross SF
140,020
Rentable SF
140,020
Price/Gross SF
$116.17
Lot Size
17.26 acres
Year Built
1974

Investment Highlights

  • Full Pass-Through Entity, all NNN Leases
  • Oversized 17.26 Acre Parcel
  • Renovated in 1995
  • Home to the Renowned Local Attraction in Discount Mall
  • Robust Yearly Income of $1,623,120
  • Service-Oriented Tenants Offer Stability and Maintain a Consistent Level of Demand
  • Well Below Replacement Cost at $118/SF

Investment Overview

This property boasts an incredible net income of $1,623,120. The tenant mix of this property proves to be healthy for one another and allow for success. The Discount Mall anchor tenant attracts an enormous amount of foot traffic, greatly benefiting the other tenants such as Dollar General, and the other service-based tenants. The Triple Net lease structure of this property makes the investment even more attractive and allows a landlord to rest assured in the case of increases in expenses. Being able to secure a property of this size with this strong of an income is a rare opportunity-especially to be NNN leasing structure. Business value of the discount mall is also included within this sale. The robust income of this property adds and additional $408,033 to the bottom line here. The Discount Mall business is a seamless operation in which an owner can expect to oversee micro tenants and collect monthly checks. The demand in the area for these vendors can be underscored by the number of tenants in place here- 133 of them- and high level of customers visiting the Discount Mall every single day. Vendors have high margins on their products and in turn pay a small rent relative to their sales. This further benefits the owner of this business operation to rest assured that the tenants are experiencing success, and in turn being able to have a high volume of vendors in the mall drastically added to the bottom line of this operation without increasing the expenses. A future owner of this would be able to get creative in ways to further increase the value of the operation with a whooping 95,992 square foot to play with- DK Suit store representing 25% of this total square footage. The property presents a unique opportunity to acquire a near 10-cap deal. The return on this investment far exceeds the return that can be achieved in any other investment instrument today- and the property is poised to experience significant appreciation in the coming years due to the incredible growth Atlanta is experiencing, and the city of East Point investing heavily in their community to draw higher income individuals to the city, and more people working out of Atlanta that want a suburban home.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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