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t r a n s l a t e

Neighborhood Center in Newnan, GA | 7.4% Cap Rate | 100% Occupancy

31 Market Square Road
Newnan, GA 30265
PRICE : $1,800,000
CAP RATE: 7.42%
PROPERTY TYPE: Retail
SITE SIZE: 1.84 Acres
BUILDING SIZE: 12,200 SF
YEAR BUILT: 2004

Highlights

  • 100% occupied neighborhood center with 5 tenants
  • Long-term tenants have been in-place since the building's construction in 2004
  • Two-story construction with monument signage
  • Located within Summer Grove, a beautiful 2,500-home residential community
  • High traffic counts of ± 15,000 VPD on on Lower Fayetteville Rd
  • Very high average household income within a 5-mile radius of $83,080
  • Rapidly growing area, and expected to grow even more within next 5 years

Description

The subject property is extremely well-located within Summer Grove, a 2,500-home residential community in Newnan, GA. This property is currently 100% occupied with five, long-term tenants. The anchor tenant (a two-story fitness center) just extended their lease for an additional 5-year term. The center is located just off Lower Fayetteville Rd, which sees traffic counts of ±15,000 VPD.

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