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Shopping Strip

Austell Station

1680 East-West Connector, Austell, GA 30106

Listing Price: $5,270,000

Cap Rate
6.50%
Gross SF
8,800
Rentable SF
8,800
Price/Gross SF
$598.86
Lot Size
1.17 acres
Year Built
2018

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in the Austell Station (“The Property”), a Class “A”, 8,800 square-foot newer construction retail strip center located in Austell, Georgia (Atlanta MSA).

The multi-tenant retail center features a blue-chip tenant lineup including Aspen Dental, Jersey Mike’s, Wingstop, and Stanton Optical. Built in 2018, the property features a high end façade, carefully groomed landscaping, zero deferred maintenance, and 13-years remaining on the roof warranty. The investment also provides 100 percent triple net leases providing stable predictable cash flows.

The Property is ideally positioned in Austell, a dense and growing suburb in northwest Atlanta. The Property boasts average household incomes north of $95,000 within a three mile radius and a population of more than 63,000 residents within three miles.

Strategically situated at the hard corner of Austell Rd and East-West Connecter, the center features direct frontage and convenient access along the submarket’s main retail corridor with immediate visibility to more than 37,000 vehicles per day on East-West Connector and an additional 31,000 vehicles per day on Austell. In addition, the Property is set directly across from Target and Lowe’s.

The intersection is host to an ever-increasing plethora of investment grade and national retailers including LA Fitness, McDonalds, Lowe’s, Target, TJ Maxx, Kohls, Ross, The Wellstar Cobb Medical Center, and much more.

The Property is offered free and clear of debt at a 6.50% cap rate totaling $5,270,000.

Investment Highlights

  • Class "A" Retail Strip
  • Affluent, Dense, and Growing Atlanta Suburbs
  • Blue Chip Tenancy

Exclusively Listed By

  • Austin Sweet

    Senior Associate

    (314) 889-2503

    Email Austin

    License(s): MO: 2020039560 , NE: 20240118

    St. Louis

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830, AL: 000164341 - 0

    St. Louis

  • Chris Garavaglia

    First Vice President Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068, NE: 20240127

    St. Louis

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Shopping Strip

Austell Station

Listing Price: $5,270,000

Cap Rate
6.50%
Gross SF
8,800
Rentable SF
8,800
Price/Gross SF
$598.86
Lot Size
1.17 acres
Year Built
2018

Investment Highlights

  • Class "A" Retail Strip
  • Affluent, Dense, and Growing Atlanta Suburbs
  • Blue Chip Tenancy

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in the Austell Station (“The Property”), a Class “A”, 8,800 square-foot newer construction retail strip center located in Austell, Georgia (Atlanta MSA). The multi-tenant retail center features a blue-chip tenant lineup including Aspen Dental, Jersey Mike’s, Wingstop, and Stanton Optical. Built in 2018, the property features a high end façade, carefully groomed landscaping, zero deferred maintenance, and 13-years remaining on the roof warranty. The investment also provides 100 percent triple net leases providing stable predictable cash flows. The Property is ideally positioned in Austell, a dense and growing suburb in northwest Atlanta. The Property boasts average household incomes north of $95,000 within a three mile radius and a population of more than 63,000 residents within three miles. Strategically situated at the hard corner of Austell Rd and East-West Connecter, the center features direct frontage and convenient access along the submarket’s main retail corridor with immediate visibility to more than 37,000 vehicles per day on East-West Connector and an additional 31,000 vehicles per day on Austell. In addition, the Property is set directly across from Target and Lowe’s. The intersection is host to an ever-increasing plethora of investment grade and national retailers including LA Fitness, McDonalds, Lowe’s, Target, TJ Maxx, Kohls, Ross, The Wellstar Cobb Medical Center, and much more. The Property is offered free and clear of debt at a 6.50% cap rate totaling $5,270,000.

Exclusively Listed By

  • Austin Sweet

    Senior Associate

    (314) 889-2503

    Email Austin

    License(s): MO: 2020039560 , NE: 20240118

    St. Louis

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830, AL: 000164341 - 0

    St. Louis

  • Chris Garavaglia

    First Vice President Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068, NE: 20240127

    St. Louis

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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