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Parkside at Grayson Strip Center | 94% Occupied | 7.6% Cap Rate

2023 Grayson Hwy
Grayson, GA 30017
PRICE : $5,190,000
CAP RATE: 7.6%
PROPERTY TYPE: Retail
SITE SIZE: 1.75 Acres
BUILDING SIZE: 22,250 SF
YEAR BUILT: 2007

Highlights

  • ± 22,250 SF strip center with 94.6% occupancy
  • Healthy blend of local and national tenant mix
  • Shadow-anchored by a Kroger retail center
  • 4 total access points with plentiful surface parking
  • High visibility off of Grayson Highway
  • Average daily traffic count of ± 29,182 VPD
  • Within 1 mile of Grayson Park, Grayson Arts & History Center, Grayson Elementary School and the City of Grayson offices
  • Growing and affluent surrounding demographics

Description

Bull Realty is pleased to offer Parkside at Grayson for sale in Grayson, GA. This ± 22,250 SF strip center is shadow-anchored by Kroger and well-positioned within the Grayson MSA, and near commercial centers and developments. This center consists of 1 brick retail/office building situated on ± 1.75 acres along Grayson Highway, which is zoned commercial and offers an average traffic count of 29,000+ VPD.

Built in 2007, this center is 94.6% occupied with a healthy blend of local and national retail and office tenants, including Edward Jones and Johnny’s New York Pizza. Nearby retailers include Grayson Commons, which is a retail center shadow-anchored by Kroger.

The City of Grayson is a high-income area and with and is growing quickly at 2.06% annually (2019-2024 expected growth.) The population within a 5-mile radius is 159,306 and is projected to grow to 172,867 by 2024. The median household income is $83,066 within a 3-mile radius, which is well above the national average of $61,937.

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