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Shopping Strip

CAVA / Bolay

10920 Haynes Bridge Rd, Alpharetta, GA 30022

Listing Price: $4,975,618

Cap Rate
5.53%
Gross SF
6,589
Rentable SF
6,589
Price/Gross SF
$755.14
Lot Size
2.64 acres
Year Built
2013

Investment Overview

-Premier two-tenant center located in the affluent market of Alpharetta, GA (25 miles northeast of Atlanta) on Haynes Bridge directly off Georgia 400 (ADT of 157,000 +/-)
-One of the most affluent and populated MSAs of Atlanta - average household income of $149,000 in the 5-mile radius with over 203,000 residents (8% projected growth by 2025)
-Incredibly dense retail market - well over 3 million SF of retail space nearby
-Approximately a half-mile from North Point Mall (currently 1.17M SF of retail) - Trademark Property Co. is planning a massive re-development of the mall by 2030 that will include: 211K SF of retail space, 86K SF of restaurant space, 330K SF of office space, 30K SF of medical space, 150-room hotel, 650 multifamily units, and 36 townhomes
-In addition to the North Point Mall redevelopment, businesses have already invested well over $100M into new projects in the North Point area that include: Ecco Park (a 99-townhome development directly behind CAVA/BOLAY), 360 Tech Village (110K SF office building that is currently under development, and a 90-home master planned community
-Approximately 2 miles from the prestigious Avalon Shops - a mixed-use community with 570K SF of retail, 20+ restaurants, 750K SF of office, and Single-Family and Luxury Rental Homes
-Approximately 1 mile from Lakeview Park - proposed mixed-use development with 644K SF of office, 30K SF of retail/restaurants, and 315 residential units
-CAVA (formerly Zoes Kitchen) recently remodeled their space and extended their Lease till October 2033
-CAVA currently operates approximately 80 locations throughout the US and has a line of items sold in over 250 Whole Foods Market locations and specialty stores
-BOLAY signed a new 10-year Lease with 1% annual bumps - BOLAYs space (formerly Corner Bakery) will be undergoing an extensive renovation paid by Tenant
-BOLAY recently opened their 18th location in less than five years (all in Florida) and this store will be their 19th location and first in Georgia - Founded by Chris Gannon, the son of Outback Steakhouse founder Tim Gannon
-Atlanta ranks as one of the nations top markets for Fortune 500 Companies with 15 companies headquartered in the MSA, including Coca-Cola, Delta, Home Depot & UPS
-Atlanta ranks among the highest in the nation for job growth, with nearly 200,000 positions added the last five years

Investment Highlights

  • Premier two-tenant center located in the affluent market of Alpharetta, GA
  • One of the most affluent and populated MSAs of Atlanta
  • Incredibly dense retail market - well over 3 million SF of retail space nearby

Exclusively Listed By

Financing By

Shopping Strip

CAVA / Bolay

Listing Price: $4,975,618

Cap Rate
5.53%
Gross SF
6,589
Rentable SF
6,589
Price/Gross SF
$755.14
Lot Size
2.64 acres
Year Built
2013

Investment Highlights

  • Premier two-tenant center located in the affluent market of Alpharetta, GA
  • One of the most affluent and populated MSAs of Atlanta
  • Incredibly dense retail market - well over 3 million SF of retail space nearby

Investment Overview

-Premier two-tenant center located in the affluent market of Alpharetta, GA (25 miles northeast of Atlanta) on Haynes Bridge directly off Georgia 400 (ADT of 157,000 +/-)
-One of the most affluent and populated MSAs of Atlanta - average household income of $149,000 in the 5-mile radius with over 203,000 residents (8% projected growth by 2025)
-Incredibly dense retail market - well over 3 million SF of retail space nearby
-Approximately a half-mile from North Point Mall (currently 1.17M SF of retail) - Trademark Property Co. is planning a massive re-development of the mall by 2030 that will include: 211K SF of retail space, 86K SF of restaurant space, 330K SF of office space, 30K SF of medical space, 150-room hotel, 650 multifamily units, and 36 townhomes
-In addition to the North Point Mall redevelopment, businesses have already invested well over $100M into new projects in the North Point area that include: Ecco Park (a 99-townhome development directly behind CAVA/BOLAY), 360 Tech Village (110K SF office building that is currently under development, and a 90-home master planned community
-Approximately 2 miles from the prestigious Avalon Shops - a mixed-use community with 570K SF of retail, 20+ restaurants, 750K SF of office, and Single-Family and Luxury Rental Homes
-Approximately 1 mile from Lakeview Park - proposed mixed-use development with 644K SF of office, 30K SF of retail/restaurants, and 315 residential units
-CAVA (formerly Zoes Kitchen) recently remodeled their space and extended their Lease till October 2033
-CAVA currently operates approximately 80 locations throughout the US and has a line of items sold in over 250 Whole Foods Market locations and specialty stores
-BOLAY signed a new 10-year Lease with 1% annual bumps - BOLAYs space (formerly Corner Bakery) will be undergoing an extensive renovation paid by Tenant
-BOLAY recently opened their 18th location in less than five years (all in Florida) and this store will be their 19th location and first in Georgia - Founded by Chris Gannon, the son of Outback Steakhouse founder Tim Gannon
-Atlanta ranks as one of the nations top markets for Fortune 500 Companies with 15 companies headquartered in the MSA, including Coca-Cola, Delta, Home Depot & UPS
-Atlanta ranks among the highest in the nation for job growth, with nearly 200,000 positions added the last five years

Exclusively Listed By

Financing By

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