6721 Bells Ferry Rd
Woodstock, GA 30189
Shops at Bells Ferry · Retail Property For Sale

This is a unique value add opportunity for a buyer to acquire a 14,400 square foot retail center, as well as 4 surrounding land parcels. This strip center is currently leased to 3 tenants, and has a large amount of upside with 8 suites ready to be leased. The building was built in 2011, and is cash flow positive currently. The tenants of Shops at Bells Ferry include a pet store, a dance studio, and a barbershop. There is approximately $1,000,000 of upside, which takes into account the cost of getting the vacant spaces leased. The center is anchored by a Goodwill Store & Donation Center, which is located on the parcel adjacent and pays CAM to the current owner of Shops at Bells Ferry. The Goodwill is owned separately and not included in this sale. Included with the sale of this property are 2 pad sites, which sit on either side of the Goodwill, as well as 2 out parcel sites, one of which is directly in front of the strip center. The 2 out-parcels are each over 1 acre, and then there is a pad site of 9,000 square feet, and the other pad site of 8,400 sf. These 4 sites, which we are valuing at $800,000, are included in the asking price, at a discount of $400,000. This property offers investors an enormous amount of upside between the ready to lease suites, 4 land parcels included at discounted price, and the area's continued growth.