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Single-Tenant Vacant-User

Re-Tenant/Redevelopment Opportunity-Heart of Alpharetta (Atlanta MSA)

380 North Point Pkwy, Alpharetta, GA 30022

Listing Price: $3,875,000

Guarantor
No Guarantee
Rentable SF
20,356
Lease Type
Triple Net (NNN)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a strategically located retail property in the upscale Atlanta suburb of Alpharetta, Georgia. The well-situated property is located at 380 N Point Pkwy. This asset consists of 20,356 SF GLA on an oversized 2.18-acre parcel of land. The asset was originally constructed as a two-tenant retail building and later converted to a single tenant structure to house Total Wine & Spirits.

The property is strategically located in a Planned Shopping Center Zone, and benefits from broad and flexible zoning allowing for a multitude of uses. This asset is located in a major retail corridor alongside national tenants which include Ross, Outback Steakhouse, Cheesecake Factory, Hobby Lobby, Target,
Dick's Sporting Goods, Old Navy, Marshall's and many more.

The property's prominent location fronts North Point Parkway, with reported traffic counts of 21,000+ vehicles per day, and is within a stone’s throw from US 19, with impressive traffic counts of 168,000+ VPD, ensuring exceptional visibility and accessibility. The subject also sits on the perimeter of North Point
Mall, which is slated to undergo a transformational $500mm, mixed-use redevelopment.

This offering represents the opportunity for an investor or user to acquire a large parcel, with an easily repurposed building, with flexible zoning, in a major retail corridor in affluent Alpharetta, Georgia.

Investment Highlights

  • Re-Positioning / Redevelopment Opportunity – Flexible Zoning
  • Frontage With 372 Linear Ft On North Point Parkway – 21,000+ VPD
  • Adjacent To North Point Mall Redevelopment – Proposed Mixed Use Project With 900+ Residential Units, A 150 Key Hotel & 316,000 SF Of Retail Space
  • Priced Below Replacement Cost – $190 / SF
  • Prime Location – Located In Area's Primary Retail Corridor
  • Affluent & Dense Surrounding Area – 183,000+ People Within 5 Mile Radius W/ Average Household Income Of $141,000+

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Single-Tenant Vacant-User

Re-Tenant/Redevelopment Opportunity-Heart of Alpharetta (Atlanta MSA)

Listing Price: $3,875,000

Guarantor
No Guarantee
Rentable SF
20,356
Lease Type
Triple Net (NNN)

Investment Highlights

  • Re-Positioning / Redevelopment Opportunity – Flexible Zoning
  • Frontage With 372 Linear Ft On North Point Parkway – 21,000+ VPD
  • Adjacent To North Point Mall Redevelopment – Proposed Mixed Use Project With 900+ Residential Units, A 150 Key Hotel & 316,000 SF Of Retail Space
  • Priced Below Replacement Cost – $190 / SF
  • Prime Location – Located In Area's Primary Retail Corridor
  • Affluent & Dense Surrounding Area – 183,000+ People Within 5 Mile Radius W/ Average Household Income Of $141,000+

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a strategically located retail property in the upscale Atlanta suburb of Alpharetta, Georgia. The well-situated property is located at 380 N Point Pkwy. This asset consists of 20,356 SF GLA on an oversized 2.18-acre parcel of land. The asset was originally constructed as a two-tenant retail building and later converted to a single tenant structure to house Total Wine & Spirits. The property is strategically located in a Planned Shopping Center Zone, and benefits from broad and flexible zoning allowing for a multitude of uses. This asset is located in a major retail corridor alongside national tenants which include Ross, Outback Steakhouse, Cheesecake Factory, Hobby Lobby, Target, Dick's Sporting Goods, Old Navy, Marshall's and many more. The property's prominent location fronts North Point Parkway, with reported traffic counts of 21,000+ vehicles per day, and is within a stone’s throw from US 19, with impressive traffic counts of 168,000+ VPD, ensuring exceptional visibility and accessibility. The subject also sits on the perimeter of North Point Mall, which is slated to undergo a transformational $500mm, mixed-use redevelopment. This offering represents the opportunity for an investor or user to acquire a large parcel, with an easily repurposed building, with flexible zoning, in a major retail corridor in affluent Alpharetta, Georgia.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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