Shops on Satellite Boulevard 4601 Satellite Blvd 10,000 SF 100% Leased Retail Building Duluth, GA 30096 $3,075,000 ($307.50/SF) 8.10% Cap Rate
INVESTMENT HIGHLIGHTS
- The Shops on Satellite Boulevard are home to Pizza Hut and local retailers such as restaurants, vape shops, a food market, and more.
- Just off Interstate 85, northeast of Downtown Atlanta.
- The 10,000-square-foot retail strip building is highly visible at the signalized intersection of Satellite Boulevard and Hopkins Mill Road.
- An income-generating, multi-tenant retail investment opportunity serving to Duluth's consumer spending.
EXECUTIVE SUMMARY
4601 Satellite Boulevard is a 10,000-square-foot, multi-tenant retail strip building. It is currently 100% leased to a Pizza Hut and other local, internet-resistant retailers. The building is highly visible and easily accessible, being on a 1.2-acre hard corner lot, exposed to more than 25,000 cars passing daily. There are two points of access and plenty of parking on-site.
Inquire today for more information. Please note that this sale includes an additional 0.54-acre undeveloped parcel.
Inquire today for more information. Please note that this sale includes an additional 0.54-acre undeveloped parcel.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,000 SF
Building Class
C
Year Built
1985
Price
$3,075,000
Price Per SF
$307.50
Cap Rate
8.10%
NOI
$249,075
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.00 AC
Zoning
C1, County
Parking
50 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 6-211-009 | Improvements Assessment | $354,320 |
| Land Assessment | $167,280 | Total Assessment | $521,600 |
CONTACT
-
Charles Moore - River Rock Capital
