665 Highway 29 N 11,560 SF 100% Leased Retail Building Athens, GA 30601 $7,000,000 ($605.54/SF) 5.84% Cap Rate

New Construction in 2024 this 11,560 SF Strip Center has a great tenant mix and plenty of parking. This center was built in 2024 by the Firehouse Subs franchisee who occupies a corner location with a drive-thru. This is one of the top producing Firehouse subs in Georgia. The other tenant are a top producing Papp John’s, Wing Stop, Tropical Café Smoothie, Nails and Spa and Verizon. All leases are NNN with 5 year or longer terms plus renewals.
Athens, Georgia is a high growth area anchored by the University of Georgia, the University Hospital system, low housing costs and a great quality of life. This busy area is a major retail hub for the area and located at Athens Technical College. Highway US 29 has a growing traffic count at 22,000 SPD and Hull Road is also 20,000 CPD. The subject property is located near a large Kroger Shopping Center, Apartments, Piedmont Urgent Care, Senior memory care as well as numerous national retailers.

The center is newly constructed and tenanted and requires minimum owner supervision. All leases are NNN and started in 2024 or 2025. The owner is the Firehouse Subs Franchisee who operates some of the most productive stores in the state. Tech Plaza has strong food-oriented tenants along with a Verizon store and a nail/spa. This mix will help it remain strong as the area continues to expand.
This fast-growing area has seen a large amount of growth in both residential and retail. If you drive up and down the road you can see the all the new construction as people are moving to the area. There are hundreds of new apartments and residential units within just a mile of the location. Tech Plaza has access to the street light and in a high traffic area.