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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 |
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| Gross Rental Income |
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| Other Income |
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| Vacancy Loss |
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| Effective Gross Income |
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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 | |
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| Annual | - |
| Annual Per SF | - |
| Other Income | |
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| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
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| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
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| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
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| 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
Aspen Dental North Chesterfield is part of a national network of privately held dental support organization–backed practices, offering comprehensive dental services. Serving patients since the brand’s launch in the late 1990s, this location provides general dentistry, cosmetic procedures like veneers and clear aligners, dentures, tooth extractions, emergency dental care, and implant services. Operating daily with flexible hours, the practice accommodates walk-ins and scheduled appointments and accepts most insurance plans with transparent pricing. Privately operated by an independent dentist under the Aspen Dental model, the office aligns with the company’s mission to improve access to dental care.
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- Retailer
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Lorem Ipsum
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Jan 0000
Mattress Firm is a U.S.-based mattress and sleep products retailer headquartered in Houston, Texas. Founded in 1986, the company began with a single store and expanded steadily through acquisitions, franchise development, and continued retail growth. Mattress Firm operates thousands of locations across the country offering mattresses, adjustable bases, bedding accessories, and related sleep solutions. The organization’s headquarters manages strategic planning, corporate operations, supply chain functions, merchandising, marketing, and customer service.
| 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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