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1904 Houston Lake Rd 7,630 SF 71% Leased Retail Building Perry, GA 31069 $3,675,000 ($481.65/SF) 6% Cap Rate
Investment Highlights
- 100% occupied
- Located along Perry’s primary growth corridor
- Newly constructed in 2025
Executive Summary
INVESTMENT HIGHLIGHTS
• 100% occupied with a lengthy WALT of over 8 years, providing
stable and predictable cash flow for investors.
• Newly constructed in 2025, offering modern design and
functionality with no near-term capital expenditures required.
• All tenants operate under NNN lease structures, minimizing
landlord responsibilities and ensuring passive income.
• 69% of the rent roll features rent escalations within the next five
years, creating built-in income growth.
• Adjacent to a newly developed Lennar residential community
(280+ units), bringing consistent traffic and a growing consumer
base directly to the center.
• A Kroger-anchored shopping center is planned directly across the
street, positioning the property at the center of a future retail hub.
• Strong demographics with the 5-mile population projected to grow
by 2.1% over the next five years, outpacing regional averages.
• Service-oriented and needs-based tenant mix designed to thrive
alongside residential growth and daily consumer demand.
• Located along Perry’s primary growth corridor surrounded by new
housing and planned commercial development, ensuring long-term
tenant success.
• 100% occupied with a lengthy WALT of over 8 years, providing
stable and predictable cash flow for investors.
• Newly constructed in 2025, offering modern design and
functionality with no near-term capital expenditures required.
• All tenants operate under NNN lease structures, minimizing
landlord responsibilities and ensuring passive income.
• 69% of the rent roll features rent escalations within the next five
years, creating built-in income growth.
• Adjacent to a newly developed Lennar residential community
(280+ units), bringing consistent traffic and a growing consumer
base directly to the center.
• A Kroger-anchored shopping center is planned directly across the
street, positioning the property at the center of a future retail hub.
• Strong demographics with the 5-mile population projected to grow
by 2.1% over the next five years, outpacing regional averages.
• Service-oriented and needs-based tenant mix designed to thrive
alongside residential growth and daily consumer demand.
• Located along Perry’s primary growth corridor surrounded by new
housing and planned commercial development, ensuring long-term
tenant success.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,630 SF
Building Class
B
Year Built
2025
Price
$3,675,000
Price Per SF
$481.65
Cap Rate
6%
NOI
$220,540
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.52 AC
Zoning
RAG - Retail and Commercial
Amenities
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located at the signalized intersection of Houston Lake Road & Lake Joy Road. This new retail center will be positioned at the entrance of a new ± 280-unit residential development. Available space can be combined into ±2,221 SF
| Space | Size | Space Use | Position | Available |
| 1st Floor | 957-2,221 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 957-2,221 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 957-2,221 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Located at the signalized intersection of Houston Lake Road & Lake Joy Road. This new retail center will be positioned at the entrance of a new ± 280-unit residential development. Available space can be combined into ±2,221 SF
Nearby Major Retailers
Property Taxes
| Parcel Number | 000560048000 | Improvements Assessment | $3,120 |
| Land Assessment | $629,960 | Total Assessment | $633,080 |
Property Taxes
Parcel Number
000560048000
Land Assessment
$629,960
Improvements Assessment
$3,120
Total Assessment
$633,080
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1904 Houston Lake Rd
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