Woodstock Mattress Outlet,
Douglasville, GA Investment Summary
| Price | $1,630,000 |
| Cap Rate | |
| NOI | $127,500 |
| Lease Term | 10 Years |
| Lease Type | Net, with Tenant Responsible for All Utilities, Insurance, Taxes, and Maintenance, Excluding Roof and Structure |
| Rental Increases | 5% Rental Increases in Year 6 and 10% Rental Increases at the Beginning of Each Option Period |
| Year Built | 2018 |
| Building Size | 5,000 SF |
| Lot Size | 0.59 Acres (25,700 SF) |
| Status | Sold |
| Lead Brokers | Vince Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Cushman and Wakefield Inc. LIC. # 00616335 This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial. |
Investment Highlights
NEW 10-YEAR NET LEASE WITH SCHEDULED RENTAL INCREASES
» New 10-year corporate lease to strong regional tenant
» 5% rental increase in initial term and 10% rental increases in each option period, providing a hedge against inflation
HIGH-TRAFFIC LOCATION IN PROMINENT RETAIL AREA
» Located just off of the signalized intersection of Douglas Boulevard and Bill Arp Road, which experiences a high traffic count of 43,500 vehicles per day
» Immediate access to Interstate 20, with a traffic count of 102,000 vehicles per day near the property
» Within walking distance of Arbor Place, a regional mall serving the growing western suburbs of Atlanta
» Arbor Place is western Georgia’s largest mall and has a trade area population of approximately 850,000, bringing significant traffic to the surrounding area
» Located in dense retail corridor and surrounded by major national tenants
CENTRAL LOCATION NEAR IMPORTANT COMMUNITY AMENITIES
» Minutes from downtown Douglasville
» Close proximity to Douglas County High School, which has a total enrollment of over 2,000 students
» Near WellStar Douglas Hospital, the primary hospital for Douglas County
» WellStar Douglas Hospital is the largest employer in Douglasville—with 830 employees—and is one of the top-ranked hospitals in Georgia
NEW 2018 CONSTRUCTION
» High-quality construction expected to be completed in Q3 2018
» Features latest Woodstock Mattress Outlet store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs
Click Here to Download Offering Memorandum
Property Description
SOLD
The property is strategically located just off of the signalized intersection of Douglas Boulevard and Bill Arp Road, which experiences a high traffic count of 43,500 vehicles per day. The property benefits from immediate access to Interstate 20, with a traffic count of 102,000 vehicles per day near the property. The property is located in a dense retail corridor within walking distance of Arbor Place, a regional mall serving the growing western suburbs of Atlanta. As the largest mall in western Georgia, Arbor Place serves a large trade area consisting of eight counties in Georgia and a significant area in eastern Alabama. Arbor Place features over 125 stores, including Belk, Dillard’s, Macy’s, Sears, and an 18-screen movie theatre. In addition to the retailers at Arbor Place, many other notable tenants surround the property, including Lowe’s, Best Buy, Chuck E. Cheese’s, Jo-Ann Fabrics, Aaron’s, Walgreens, and Home Depot, amongst others.
The property is also close to several important community amenities, including Hunter Memorial Park, the 2,000-student Douglas County High School, and the 108-bed WellStar Douglas Hospital. Additionally, the property is supported by a strong customer base, with 81,949 residents with an average household income of $76,335 living within a five-mile radius.
