Plaza One
5938 Buford Hwy,
Doraville, GA 30340
For Sale
$8,900,000
Price
$658,702
NOI
7.40%
Cap Rate
$200
Price Per SF
44,605
Building SF
2.6
Land Acres
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$8,900,000
Price
$658,702
NOI
7.40%
Cap Rate
$200
Price Per SF
44,605
Building SF
2.6
Land Acres
This plaza boasts significant upside potential, potentially unlocking a $5/SF a year increase in value in the future. Some tenants are currently paying under $10 NNN, presenting an opportunity for rental adjustments. Notably, the anchor tenant, PromiseOne Bank, is one of the busiest lenders in Metro Atlanta, adding prestige and stability to the property. Additionally, the plaza features renowned establishments such as Treat Your Feet, a popular foot massage venue, and Columbia Dental, a well-established dental clinic. Manila Mart caters a comprehensive selection of grocery goods, while new Mexcian restaurant will be a fixture in the area for many years, serving the needs of the South American population.
Seize the opportunity to maximize your ROI with this prime retail property on bustling Buford Hwy. With numerous tenants currently paying below market rates, Some tenants are paying $10 below market rent rate.
NNN Lease.
Situated at the intersection of Ocliff Rd and Buford Hwy, this property enjoys prime positioning. Ocliff Road serves as a convenient shortcut from I-85 to Peachtree Ind Blvd, while Buford Hwy is renowned as the primary commercial artery connecting Buckhead to Buford, GA. Known as the bustling hub of wholesale businesses, Buford Hwy remains the top corridor for the immigrant community, bustling with activity. Moreover, the property benefits from its proximity to key amenities and landmarks, including being less than half a mile from I-285. Nearby attractions and businesses include Chick-fil-A, Marshalls, Exhibit Hub Art Center Atlanta, McDonald's, Checkers, and the esteemed Buford Hwy Farmers Market, acclaimed as the premier farmers market along Buford Hwy for the past three decades.
FOR MORE DETAILS CONTACT
Peter Shin
(404) 642-0461
retailcenter@gmail.com
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