Shopping Strip
The Plaza at Flowery Branch - Four Tenant Publix Shadow Center
5866 Spout Springs Rd, Flowery Branch, GA 30542
Listing Price: $2,750,000
Investment Overview
Marcus & Millichap is pleased to present The Plaza at Flowery Branch. This four tenant Publix shadow strip center is 100% Occupied with an excellent mix of tenants. Three of the tenants have very long history at the site and have recently extended leases, with the fourth tenant approaching 2 years on site. The property sits just of I-985 on Spout Springs Road with excellent visibility and access at a signalized intersection. The location is in a dense retail corridor with heavy traffic driven to the area.
With only four tenants, there is very limited management needed. There is immediate value-add potential with strong leases in place and current ownership not doing annual reconciliations and collecting the appropriate expense reimbursements owed. There are limited options remaining as well giving flexibility for future lease negotiations.
The Plaza at Flowery Branch - Four Tenant Publix Shadow Center
Investment Highlights
- 100% Occupied Publix Shadow Strip Center | Ease of Management with Four Tenants
- Close Proximity to I-985 (66,800+ VPD) | Direct Access from Signalized Intersection
- Rare Double Drive-Thru | Excellent Street Level Visibility
- Long Term Tenant History with 5.1 Year WALT | Excellent Internet Resistant Tenant Mix
- Strong Leases with Immediate Value-Add Opportunity | Future Flexibility with Limited Options Remaining
- A-Class Location in Dense Retail Corridor | Average Household Income of $130,650 in a 3 Mile Radius
Exclusively Listed By
Shopping Strip
The Plaza at Flowery Branch - Four Tenant Publix Shadow Center
Listing Price: $2,750,000
Investment Highlights
- 100% Occupied Publix Shadow Strip Center | Ease of Management with Four Tenants
- Close Proximity to I-985 (66,800+ VPD) | Direct Access from Signalized Intersection
- Rare Double Drive-Thru | Excellent Street Level Visibility
- Long Term Tenant History with 5.1 Year WALT | Excellent Internet Resistant Tenant Mix
- Strong Leases with Immediate Value-Add Opportunity | Future Flexibility with Limited Options Remaining
- A-Class Location in Dense Retail Corridor | Average Household Income of $130,650 in a 3 Mile Radius
Investment Overview
Marcus & Millichap is pleased to present The Plaza at Flowery Branch. This four tenant Publix shadow strip center is 100% Occupied with an excellent mix of tenants. Three of the tenants have very long history at the site and have recently extended leases, with the fourth tenant approaching 2 years on site. The property sits just of I-985 on Spout Springs Road with excellent visibility and access at a signalized intersection. The location is in a dense retail corridor with heavy traffic driven to the area. With only four tenants, there is very limited management needed. There is immediate value-add potential with strong leases in place and current ownership not doing annual reconciliations and collecting the appropriate expense reimbursements owed. There are limited options remaining as well giving flexibility for future lease negotiations.
Exclusively Listed By
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