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Mixed-Use

Glynn Street Portfolio | Value-Add Opportunity | Atlanta MSA

300-314 Glynn St N, Fayetteville, GA 30214

Listing Price: $2,960,000

Cap Rate
4.02%
Gross SF
15,252
Rentable SF
15,252
Price/Gross SF
$194.07
Lot Size
1.74 acres
Year Built
1960

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the value-add portfolio, located at 300, 310, & 312-314 Glynn St N, Fayetteville, Georgia. The portfolio is comprised of six buildings on three adjacent lots, with a mix of industrial-flex, office, and retail properties. Currently 100% occupied by a diverse tenant mix, the subject properties total 15,252 square-feet and rest on a combined 1.74 acres. With short-term and MTM tenants, the portfolio offers substantial value-add opportunity through raising rents to market, converting leases to NNN, or redevelopment. The center is ideally positioned on Glynn St with excellent visibility (33,000+ VPD), and is located directly next to the Fayette County High School (1,365+ students). Additionally, the property is located in a dense retail corridor with national retailers in the immediate surrounding area including Arby’s, Dunkin’ Donuts, Captain D’s, McDonald’s, Michaels, CVS, and more.

The Atlanta metro encompasses 29 counties in northwestern Georgia. With few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, and the region now has a population of roughly 6.1 million people. The urban core has been the epicenter of several major construction projects in recent years, with Centennial Yards headlining urban renewal in Downtown Atlanta. In 2024, the metro will remain among the top markets nationally for commercial construction. The volume of new projects in the downtown and midtown sections of the metro will present additional housing, entertainment and retail opportunities, enticing residents back into the city and providing options for people moving to the metro.

Investment Highlights

  • Prime Investment Opportunity with Value-Add Potential in the Atlanta MSA | 100% Occupied Portfolio | Short-Term/MTM Leases with Below Market Rents & No Options to Renew
  • Portfolio Includes Office, Retail, & Industrial-Flex Properties | 6 Buildings on 3 Adjacent Lots
  • Prime Value-Add Opportunity by Raising Rents to Market & Converting Gross Leases to NNN | Diverse Tenant Mix Including a Day Care, State Farm, and a Mix of Other Professional & Industrial Tenants
  • Dense Retail Corridor & Directly Next to the Fayette County High School (1,365+ Students)
  • Excellent Visibility via Glynn St/Hwy 85 (33,000+ VPD) | Less than 22 Miles from Atlanta

Exclusively Listed By

  • Ani Paulson

    First Vice President Investments

    (843) 952-2268

    Email Ani

    License(s): SC: 108539, GA: 428443, NC: 351488

    Atlanta

Mixed-Use

Glynn Street Portfolio | Value-Add Opportunity | Atlanta MSA

Listing Price: $2,960,000

Cap Rate
4.02%
Gross SF
15,252
Rentable SF
15,252
Price/Gross SF
$194.07
Lot Size
1.74 acres
Year Built
1960

Investment Highlights

  • Prime Investment Opportunity with Value-Add Potential in the Atlanta MSA | 100% Occupied Portfolio | Short-Term/MTM Leases with Below Market Rents & No Options to Renew
  • Portfolio Includes Office, Retail, & Industrial-Flex Properties | 6 Buildings on 3 Adjacent Lots
  • Prime Value-Add Opportunity by Raising Rents to Market & Converting Gross Leases to NNN | Diverse Tenant Mix Including a Day Care, State Farm, and a Mix of Other Professional & Industrial Tenants
  • Dense Retail Corridor & Directly Next to the Fayette County High School (1,365+ Students)
  • Excellent Visibility via Glynn St/Hwy 85 (33,000+ VPD) | Less than 22 Miles from Atlanta

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the value-add portfolio, located at 300, 310, & 312-314 Glynn St N, Fayetteville, Georgia. The portfolio is comprised of six buildings on three adjacent lots, with a mix of industrial-flex, office, and retail properties. Currently 100% occupied by a diverse tenant mix, the subject properties total 15,252 square-feet and rest on a combined 1.74 acres. With short-term and MTM tenants, the portfolio offers substantial value-add opportunity through raising rents to market, converting leases to NNN, or redevelopment. The center is ideally positioned on Glynn St with excellent visibility (33,000+ VPD), and is located directly next to the Fayette County High School (1,365+ students). Additionally, the property is located in a dense retail corridor with national retailers in the immediate surrounding area including Arby’s, Dunkin’ Donuts, Captain D’s, McDonald’s, Michaels, CVS, and more. The Atlanta metro encompasses 29 counties in northwestern Georgia. With few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, and the region now has a population of roughly 6.1 million people. The urban core has been the epicenter of several major construction projects in recent years, with Centennial Yards headlining urban renewal in Downtown Atlanta. In 2024, the metro will remain among the top markets nationally for commercial construction. The volume of new projects in the downtown and midtown sections of the metro will present additional housing, entertainment and retail opportunities, enticing residents back into the city and providing options for people moving to the metro.

Exclusively Listed By

  • Ani Paulson

    First Vice President Investments

    (843) 952-2268

    Email Ani

    License(s): SC: 108539, GA: 428443, NC: 351488

    Atlanta

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