This Retail Property is Off-Market.

345 Cobb Parkway South
Marietta, GA 30060 ·

18,346 SF · Retail For Sale

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Retail Property For Sale

Price N/A Cap Rate 8.56%
Gross Leasable Area 18,346 SF Occupancy 100%
Property Type Retail No. Stories 1
Property Sub-type
Strip Center
More...
  • Street Retail
  • Neighborhood Center
Tenancy Multiple
Property Use Type Investment Year Built 1958
Commission Split 3% Lot Size 1.14 AC
Listing ID: 15874619 Date Created: 08/31/2008 Last Updated: 09/26/2011

Description

REDUCED. NOW WITH EXTENDED LEASES. Prime, long established, retail center in a top notch location. 2 buildings, brick front with masonry sides & rear. Note: Photo is deceiving, as there is 18,346 SF here. Super high visibility. Currently having the exterior painted/renovated. Current rents are very low and can be raised easily & aggressively as the leases expire. This means a great opportunity for the buyer. It has 6 tenants, with most staying multiple terms. Amazingly, one tenant has stayed since the building was built, 50 years ago. Buildings are study, in good condition and have been well cared for over the years. Crc Zoning. Main building in front has a street level and a lower level in back. There is a 2nd, smaller building to the rear, with EXPANSION POSSIBLE. The main building in front has a new roof. Both buildings have newer mechanicals, with some new HVAC units.

Incredible location. On Cobb Parkway South, between Frey Gin Road and Hwy 120. Cobb Parkway S. is a major 4 lane + turn lane road and a very popular and diverse retail corridor. Traffic counts are over 36,000/day per the 2007 DOT. More than double that traffic figure if one counts the very nearby Hwy. 120. It's also leads directly to I-285 Loop around Atlanta, and the massive, upscale fortress mall; The Galleria. It's roughly 4 blocks to I-75, and for those of you from Atlanta, 6 blocks from the "Big Chicken".

Highlights

  • One of the best locations in the entire County.
  • Prime shopping district.
  • In a major commuting corridor.
  • Near a signalized corner.
  • Easily accessible, suberb visibility.
  • Super Low Price PSF. Room for expansion in rear building.

Research

345 Cobb Parkway South, Marietta, GA 30060 (Cobb County)

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