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Fieldstone Village | 9% Cap Rate

146 Fieldstone Village Drive
Rock Spring, GA 30739
PRICE : $2,520,000
CAP RATE: 9%
PROPERTY TYPE: Retail
SITE SIZE: 2.64 Acres
BUILDING SIZE: 24,050 SF
YEAR BUILT: 2008

Highlights

  • High-end architecture with unique accents
  • Very secure income stream with long-term leases
  • Diversified retail/office tenant mixture
  • Priced less than the cost of construction
  • 98% occupancy
  • Below market rents
  • Considerable upside when renewing leases to market

Description

Bull Realty is proud to offer this retail investment property in Rock Springs, Georgia. Fieldstone Village provides an excellent opportunity for an investor to purchase a well-built neighborhood retail center with stable, long-term tenants at an 8.4% cap rate based on current income. This center consist of six buildings occupied by twelve tenants including Phibbs Bar & Grill, The Key Fitness, Norton Transportation, Marketing Partners, Mutual of Omaha and Pie Slingers Pizza. This property has excellent visibility from its 400’ of frontage along Martha Berry Highway. The buildings are currently 98% occupied at below market rents, allowing for substantial upside as leases turnover. The property boasts a traffic count of 12,341+ vehicles per day along Martha Berry Highway.

Located just south of the historic Chickamauga Battlefield and on Georgia Highway 27, Fieldstone Village is in the heart of rapidly growing Walker County. This "Town Center" type development is part of the Fieldstone Farms mixed use development that is approved for up to 500 residential units. The Shops at Fieldstone Village consists of 24,050 square feet of retail, professional offices, a fitness center, restaurants and other business uses. Carefully planned designs and details during construction created a cottage type look with brick detailed sidewalks, tin roofs, vaulted ceilings, and copulas with weather vanes. The signature accent is a forty foot clock tower above a stage for local functions such as music events, outdoor movies, and neighborhood gatherings. Rising above the village, the illuminated clock tower is a beacon for the Village area as well as Fieldstone Farms. The blending of Fieldstone Village into the Fieldstone Farm community creates one of the most highly sought after standards of living in the area.

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