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Browse More Listings in Shopping Center For Sale, College Park, GA or Georgia

Shopping Center For Sale

Red Oak Shopping Center

3435 Roosevelt Highway, College Park, GA 30349

Price:
$5,750,000
Gross Leasable Area:
74,712 SF
Price/SF:
$76.96
Property Type:
Shopping Center
Property Sub-type:
Neighborhood Center
Additional Sub-types:
Anchor
Community Center
Strip Center
Property Use Type:
Net Lease Investment with 3 years left on lease
Commission Split:
1.5%
Cap Rate:
9.42%
Occupancy:
98%
Tenancy:
Multiple
Lot Size:
8.13 AC
Find Out More...

Last Verified 10/30/2009 Listing ID 16134486

Highlights

Excellent Store Sales: Wayfield & Family Dollar
Below Replacement Cost: $77/SF
Low Rents: Lower Tenant Turnover

High Yield Asset: 9.42% Cap Rate

Description

Red Oak Shopping Center is a 98% Leased, 74,714 square foot grocery anchored shopping center. Notable tenants at the center include Wayfield Foods, Family Dollar, US Postal Service, Domino's Pizza, and Jackson Hewitt.

Wayfield Foods and Family Dollar boast excellent sales.

The property is situated immediately to the west of I-85 and I-285 on Rooswvelt Highway, the area's main thoroughfare, connecting the local neighborhoods to Atlanta Jackson Hartsfield International, the world's busiest airport (84.8 million passengers in 2006).

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Scheduled Gross Income
$730,399
Effective Gross Income
$730,399
Operating Expenses
$189,014
Net Operating Income
$541,385
Pre-Tax Cash Flow
$232,718

Tenant	SF Occupied	Lease Expired
Wayfield Foods	30,625	8/1/2011
Family Dollar	9,100	12/1/2011
U.S. Postal Service	2,800	11/1/2010
Domino's Pizza	1,300	3/1/2012
Jackson Hewitt	1,400	4/1/2010

Map of 3435 Roosevelt Highway, College Park, GA 30349 (Fulton County)

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Created 3/6/2009

Additional Information for 3435 Roosevelt Highway, College Park, GA 30349

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Red Oak Shopping Center

3435 Roosevelt Highway, College Park, GA, 30349