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Pad to Mall | Below Mkt Rent | No Option 6351 Douglas Blvd 8,849 SF 100% Leased Retail Building Douglasville, GA 30135 $3,300,000 ($372.92/SF) 6.29% Cap Rate
INVESTMENT HIGHLIGHTS
- MATTRESS FIRM (NYSE: SGI) | ASPEN DENTAL: 1,100+ LOCATIONS | 100% LEASED PAD BUILDING
- 62% OF GLA WITH UNDER MARKET RENT | NO OPTIONS | 8.41% CAP RATE AT MARKET RENT
- EXCELLENT ACCESS & VISIBILITY TO INTERSTATE 20 | ADDED BENEFIT OF POLE SIGN VISIBILITY
- DOMINANT RETAIL CORRIDOR | STRONG CONSUMER DRAW /ADJACENT TO ARBOR PLACE MALL - LARGEST SHOPPING MALL IN WESTERN GEORGIA
- ORIGINAL TENANTS | EXERCISED MULTIPLE LEASE RENEWALS | 12 YEAR HISTORICAL OCCUPANCY
- EASE OF MANAGEMENT | TWO NNN LEASES | PRIDE OF OWNERSHIP INVESTMENT
EXECUTIVE SUMMARY
2 TENANT OUTPARCEL PAD TO THRIVING REGIONAL MALL | ORIGINAL TENANTS | 12+ YR HISTORICAL OCCUPANCIES
Faris Lee Investments is pleased to present the unique opportunity to acquire the fee simple interest (land & building) in a dual tenant pad servicing the Atlanta suburb of Douglasville, GA. The tenants, Mattress Firm (NYSE: SGI) (2,300+ locations in 49 states) and Aspen Dental (1,100+ locations in 46) are industry leading tenants in their respective categories, providing an investor stable income from two nationally recognized tenants. Additionally, the tenants are under NNN leases, providing an investor ease of management with the tenants being responsible for taxes, insurance and common area maintenance expenses.
Mattress Firm and Aspen Dental are strategically positioned within the heart of Douglasville’s primary retail corridor near the signalized, hard corner intersection of Douglas Boulevard and Chapel Hill Road (49,500 VPD) adjacent to the on/off ramp to Interstate 20 (101,000 VPD). The Property benefits from its strong positioning adjacent to national retailers including Target, Ross, Marshalls, Michaels, McDonald’s, Starbucks and many others creating synergistic cross over traffic. The Property further prospers from being located directly across from the 1.2M square foot Arbor Place Regional Mall, increasing consumer draw to the immediate area. Furthermore, the property prospers from over 96,000 consumers with an average annual household income in excess of $94,000 within a 5-mile radius.
BROKER OF RECORD.... NOVAK & ASSOCIATES, INC...License No. 6506
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
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-
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| Other Income |
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-
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| Vacancy Loss |
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
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$9.99
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FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Health Care and Social Assistance
- -
- -
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Lorem Ipsum
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Jan 0000
At Aspen Dental, they're dedicated to providing more people with the dental care they need, when they need it. Since 1998, they've had one mission at Aspen Dental: To make sure more Americans have access to quality dental care.
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- Retailer
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Lorem Ipsum
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Jan 0000
Mattress Firm, the nation’s largest omni-channel mattress specialty retailer, through its predecessors, has been helping solve America’s sleep problems for numerous years. Every one of their passionate Sleep Experts are driven by a common purpose: to change people’s lives through better sleep. Whether browsing online or in one of our various stores, their highly trained team provides personalized service and advice to help customers choose the right mattress and bedding products based on their unique needs. Their expertly curated selection of products includes leading brands such as Beautyrest®, Nectar®, Sealy®, Serta®, Simmons®, Sleepy’s® Stearns & Foster®, Tempur-Pedic®, Tuft & Needle®, tulo®, and Purple®. Mattress Firm supports local and national charities through product and monetary donations and offers employee volunteering opportunities to serve their communities.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Health Care and Social Assistance | - | - | Lorem Ipsum | Jan 0000 | |
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Retailer | - | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3015-00-2-0-100 | Improvements Assessment | $273,120 (2024) |
| Land Assessment | $221,600 (2024) | Total Assessment | $494,720 (2024) |
PROPERTY TAXES
Presented by
Pad to Mall | Below Mkt Rent | No Option | 6351 Douglas Blvd
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