Spring Plaza

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30092433
Property Subtypes: Free-Standing Building, Mixed Use
Status: Pending
Building Size (RSF): 165,500 SF
Gross Building Area: See Agent
Gross Land Area: 11.36 Acres
Sale Price: $4,600,000
Unit Price: $27.79 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Spring Plaza
Sale Terms: Cash to Seller
Cap Rate: 9.78%
Average Occupancy Rate: 78
Last Updated: 1/10/2019

Overview / Comments

Established mix-use retail/office strip center in the heart of Ellijay, GA. DaVita Dialysis has a long-term NNN lease on the property with other tenants who have a long-term rental history with the property. 9% cap rate with upside in filling up the remaining 22% vacant space. Property has a proposed out-parcel that could be sold off or developed for further upside.

Attachments & Media

Additional Details

Nearest MSA: Atlanta-Sandy Springs-Roswell
County: Gilmer
Submarket Type: Central Business District
Tax ID/APN: 1081 116
Zoning: C-1
Retail Clientele: General, Family, Business, Tourist, Other
Property Visibility: Excellent
Feet of Frontage: 670
Highway Access: Within one mile to GA Hwy 515, the major travel corridor coming from Atlanta north to the mountains.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Good
Year Renovated: 2006
Construction/Siding: Metal Siding, Stucco
Sprinklers: Wet

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,936 7,637
Median Age: 38.88 39.93
Households: 2,309 2,967
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