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Rainbow Center | 9.32% Cap Rate

2100 Highway 85 North
Fayetteville, GA 30214
PRICE : $2,400,000
CAP RATE: 9.32%
PROPERTY TYPE: Retail
SITE SIZE: 6.90 Acres
BUILDING SIZE: 49,200 SF
YEAR BUILT: 1990

Highlights

  • 49,200 SF shopping center
  • Situated on 6.9 acres
  • Five-building retail park
  • Potential to develop excess land
  • 139 parking spaces (2.8/1,000 SF)
  • Excellent exposure on Highway 85 with 29,200 vehicles per day
  • Anchored by AAMCO Transmissions and Dave's Comics
  • Below-market rents
  • Tremendous upside

Description

Anchored by AAMCO Transmissions since 2008, Rainbow Center is a fully occupied, stable, five-building retail park, with ample parking on 6.9 acres.

Currently 95% occupied with a good mix of tenants including AAMCO, one of the largest transmission and auto repair franchises in North America with over 600 locations and annual revenues of approximately $450 million; and Dave’s Comics, a popular Atlanta area collectibles retailer in business since 1996.

Below-market rents provide significant upside for a new proactive owner utilizing capital improvements while addressing potential deferred maintenance items. Additional value can be added through rent increases, while continuing to upgrade the tenant base as leases roll.

For mapping purposes, please search address as 100-158 Rainbow Way, Fayetteville, GA 30214.

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