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Northern Tool + Equipment 7150 Concourse Parkway 22,460 SF Retail Building Douglasville, GA 30134 $5,563,000 ($247.68/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Desirable lease term | 9 years remaining
- Adjacent to one of Academy Sport + Outdoors best stores in the nation | Ranks in the 97th percentile via Placer.ai
- Large parcel | 2.62 acres
- Corporate lease | Northern Tool & Equipment Company, Inc. | 140 locations across the US
- Located inside of dense retail corridor | 5.5M SF within a 2-mile radius
- Affluent surrounding area | $94,687 average household income within a 3-mile radius
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Northern Tool + Equipment in Douglass, GA. We welcome your review of this attractive investment.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Department Store
Building Size
22,460 SF
Building Class
B
Year Built
2022
Price
$5,563,000
Price Per SF
$247.68
Cap Rate
6.40%
NOI
$356,035
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
2.62 AC
Zoning
Commerical
Parking
62 Spaces (2.76 Spaces per 1,000 SF Leased)
Frontage
672’ on Georgia 5
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0025-01-6-0-126 | Improvements Assessment | $575,920 |
| Land Assessment | $248,360 | Total Assessment | $824,280 |
PROPERTY TAXES
Parcel Number
0025-01-6-0-126
Land Assessment
$248,360
Improvements Assessment
$575,920
Total Assessment
$824,280
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Northern Tool + Equipment | 7150 Concourse Parkway
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