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Regal Pavillion 2840 E West Connector 35,850 SF 100% Leased Retail Building Austell, GA 30106 $8,900,000 ($248.26/SF) 6.51% Cap Rate
Investment Highlights
- Value Add Opportunity: 1-Acre Pad Site. Estimate land value of $500,000. 7.8% Pro-Foma cap rate with outparcel lease.
- Institutional quality tenants with long leasing history
- WALT: 7.3 years
Executive Summary
- 35,850 SF Institutional Healthcare & Experiential Power Center.
- 20% Immediate NOI Upside: Rents are currently ±24% below submarket averages.
- Institutional Healthcare Anchor: Features Wellstar Pediatrics, part of the largest and most dominant healthcare network in Georgia
- Strategic 1-Acre Outparcel: Included in sale; approved for 3,000 SF drive-thru development.
- Dominant Medical & Retail Corridor: Unmatched positioning within the high-traffic medical and retail district of the Austell/Powder Springs submarket.
Inquire to sign CA to see the OM.
- 20% Immediate NOI Upside: Rents are currently ±24% below submarket averages.
- Institutional Healthcare Anchor: Features Wellstar Pediatrics, part of the largest and most dominant healthcare network in Georgia
- Strategic 1-Acre Outparcel: Included in sale; approved for 3,000 SF drive-thru development.
- Dominant Medical & Retail Corridor: Unmatched positioning within the high-traffic medical and retail district of the Austell/Powder Springs submarket.
Inquire to sign CA to see the OM.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
35,850 SF
Building Class
B
Year Built/Renovated
2004/2026
Price
$8,900,000
Price Per SF
$248.26
Cap Rate
6.51%
NOI
$578,999
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
8.00 AC
Zoning
CRC/LRO, County - CRC.
Situated in the newly incorporated city of Mableton (historically designated as Austell), benefiting from
localized municipal pla
Parking
1,262 Spaces (35.2 Spaces per 1,000 SF Leased)
Frontage
808’ on East-West Connector
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-0788-0-002-0 | Improvements Assessment | $860,004 |
| Land Assessment | $1,187,676 | Total Assessment | $2,047,680 |
Property Taxes
Parcel Number
19-0788-0-002-0
Land Assessment
$1,187,676
Improvements Assessment
$860,004
Total Assessment
$2,047,680
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Contact the Sale Advisor
Regal Pavillion | 2840 E West Connector