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Oakwood Station 3885 Mundy Mill Rd 27,018 SF 90% Leased Retail Building Oakwood, GA 30566 $20,717,999 CAD ($766.82 CAD/SF) 6% Cap Rate
Investment Highlights
- High end shopping center locate in an affluent growing suburb of Atlanta
- Rent growth through annual increases for 14 of 15 tenants
- Established internet resistant tenants
- 100% Occupied next to a Walmart Supercenter & Sam’s Club, and across the street from University of North Georgia- Gainesville Campus
- Anchored by Piedmont Urgent Care, which recently signed a 10-year extension with annual rent increases
- Constructed in 2008, with attractive architecture, building finishes, and ample parking
Executive Summary
Oakwood Station is an excellent opportunity for an investor to acquire a fully leased shopping center with long term rent growth. The 27,038 square foot building is located at signalized intersection along Mundy Mill Road at the I-985 (Exit 16) interchange in Oakwood, Georgia. The center has 15 tenants and is anchored by Piedmont Urgent Care (new 10-year extension), and an established Dentist. The tenants mix is internet resistant with a great blend of uses from medical, restaurants, and service oriented tenants (nail, hair salon, dry cleaners). Oakwood Station is in the dominant retail corridor and benefits from being across the street from University of North Georgia- Gainesville Campus and next to Walmart Supercenter & Sam’s Club. Oakwood. sits along I-985, making it an easy commute the Atlanta metro. This suburb continues to attract people with quality of life where one can by a new home for an affordable price close to Lake Lanier, one of the largest recreational lake in the southeast.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
27,018 SF
Building Class
C
Year Built
2008
Price
$20,717,999 CAD
Price Per SF
$766.82 CAD
Cap Rate
6%
NOI
$1,243,682 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
2.87 AC
Zoning
C2
Frontage
454’ on Mundy Mill Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-00044-03-093 | Improvements Assessment | $1,595,286 CAD |
| Land Assessment | $445,520 CAD | Total Assessment | $2,040,806 CAD |
Property Taxes
Parcel Number
08-00044-03-093
Land Assessment
$445,520 CAD
Improvements Assessment
$1,595,286 CAD
Total Assessment
$2,040,806 CAD
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Oakwood Station | 3885 Mundy Mill Rd
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