Shopping Strip

Cobb Parkway Shops

Listing Price: $3,235,000

Cap Rate
8.10%
Gross SF
14,648
Rentable SF
14,648
Price/Gross SF
$220.85
Lot Size
1.42 acres
Year Built
1997

Investment Overview

Cobb Parkway Shops is a 14,648 square foot, three tenant retail center located at the southwest corner of Cobb Parkway (Hwy 41) and Barrett Parkway in Kennesaw, GA (Cobb County-North Atlanta MSA). The property was built by the current owner in 1997 and recently renovated in 2018 with new paint, roof, parking lot, landscaping, facade improvements and many brand new HVAC units.

Mattress Plus & Furniture has successfully operated at this location since inception 22 years ago. Sprint (corporate) has successfully operated at this location 19 years and currently in their 3rd lease extension. Sprint has made numerous expensive improvements to their interior throughout their lease term to match the most modern store prototypes. One Clear Choice opened their 5th and newest location at the subject property in July 2019 to much consumer fan fare. They are a direct to consumer custom garage door showroom offering sales, installation and a repair fleet with multiple locations in Colorado and Atlanta.

Investment Highlights

  • Strong Transportation Corridor | One Mile West of I-75 and I-575
  • Sprint/T-Mobile (Corporate) & Mattress Plus Has Operated for 19+ Years at Center
  • Corner Location | Major Intersection of Cobb Pkwy & Barrett Pkwy
  • Epicenter of Over 1 Million SF in New Retail Development | One Owner for 22 Years
  • Irreplaceable Building Visibility - Prominent Retail Presence for Tenants in Center
  • Core Employment Center and Dense Residential Area In North Atlanta MSA

Exclusively Listed By

Listing Price: $3,235,000

Cap Rate
8.10%
Gross SF
14,648
Rentable SF
14,648
Price/Gross SF
$220.85
Lot Size
1.42 acres
Year Built
1997

Investment Highlights

  • Strong Transportation Corridor | One Mile West of I-75 and I-575
  • Sprint/T-Mobile (Corporate) & Mattress Plus Has Operated for 19+ Years at Center
  • Corner Location | Major Intersection of Cobb Pkwy & Barrett Pkwy
  • Epicenter of Over 1 Million SF in New Retail Development | One Owner for 22 Years
  • Irreplaceable Building Visibility - Prominent Retail Presence for Tenants in Center
  • Core Employment Center and Dense Residential Area In North Atlanta MSA

Investment Overview

Cobb Parkway Shops is a 14,648 square foot, three tenant retail center located at the southwest corner of Cobb Parkway (Hwy 41) and Barrett Parkway in Kennesaw, GA (Cobb County-North Atlanta MSA). The property was built by the current owner in 1997 and recently renovated in 2018 with new paint, roof, parking lot, landscaping, facade improvements and many brand new HVAC units.

Mattress Plus & Furniture has successfully operated at this location since inception 22 years ago. Sprint (corporate) has successfully operated at this location 19 years and currently in their 3rd lease extension. Sprint has made numerous expensive improvements to their interior throughout their lease term to match the most modern store prototypes. One Clear Choice opened their 5th and newest location at the subject property in July 2019 to much consumer fan fare. They are a direct to consumer custom garage door showroom offering sales, installation and a repair fleet with multiple locations in Colorado and Atlanta.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower