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Smyrna Shopping Center | User or Investor Sale | 20k SF Available | Proforma 9.8% Cap

2900 South Cobb Dr
Smyrna, GA 30080
PRICE : $3,000,000
CAP RATE: 9.8%
PROPERTY TYPE: Retail
BUILDING SIZE: 45,100 SF
YEAR BUILT: 1967

Highlights

  • 45,100 SF neighborhood center on busy South Cobb Drive
  • Three of four suites leased
  • Fourth suite, 45% of the center at 20,099 SF, available for lease or for owner-occupant
  • Proforma 9.8% cap rate at $3,000,000 sale price by leasing vacancy at $6/sf + NNN and contributing $100,000 in TI and/or leasing commissions
  • Relatively light management/leasing responsibilities on center this large with only four large suites
  • Abundant parking with 250 spaces across ± 3.95 acres
  • High visibility with 544' of frontage on South Cobb Drive
  • Corner site with three ingress/egress points
  • Strong traffic count of 26,920 VPD on South Cobb Drive
  • Below market rents allow room for growth

Description

Bull Realty is pleased to offer the opportunity to acquire a five tenant neighborhood center on busy South Cobb Drive, inside City of Smyrna's limits. The property itself has abundant parking, great visibility, frontage, with strong traffic counts of 26,920 VPD on South Cobb Drive, and monument sign visibility. This offering enables both users and investors the opportunity to acquire appreciating real estate with a Smyrna address at a very low price per SF.

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