MF Pad | Low Rent | No Option | 8.41% PF Cap 6351 Douglas Blvd 8,849 SF 100% Leased Retail Building Douglasville, GA 30135 $3,300,000 ($372.92/SF) 6.29% Cap Rate

BROKER OF RECORD.... NOVAK & ASSOCIATES, INC...License No. 6506
8.41% CAP RATE AT MARKET RENT | NO OPTION TO RENEW FOR TENANT WITH BELOW MARKET RENT
2 TENANT OUTPARCEL PAD TO THRIVING REGIONAL MALL | 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.