6842 & 6880 Douglas Boulevard, Douglasville GA

Shopping Center for Sale - $5,150,000

Bull Realty, Inc.

Print   |   Report Error   |   Email Listing

Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #960510
Location6842 & 6880 Douglas Boulevard
Douglasville GA 30135
Last UpdatedNovember 1st, 2017
TypeShopping Center
Price$5,150,000

Contact


Property Description

Bull Realty is pleased to offer the opportunity to acquire The Boulevard I & II, which is being delivered at an 8.8% cap rate on actual income. Built on 3.26 acres in 2004 & 2007, the portfolio is comprised of two multi-tenant buildings totaling +/- 30,400 SF. Well positioned in an excellent location, this asset was built using quality construction, has diverse mixture of long-term stable tenants and offers impressively high yields.

Located in Douglasville, this retail center is just 20 minutes west of Downtown Atlanta. The surrounding demographics boast high household incomes (over $73k annually) and have strong employment statistics. This location is particularly attractive because it's adjacent to Arbor Place Mall, has excellent visibility along the four lane Douglas Boulevard, is in close proximity to Interstate 20 and is well positioned in an area with major retailers.

Major Retailers Include:

Arbor Place Mall- 1,400,000 SF (Belk, Dillards, J.C. Penny, Macy's, Sears, Regal Theaters)

Douglasville Pavilion- 365,000 SF (Big Lots, Marshall's, Office Max, Petsmart, Ross, )

Douglasville Marketplace- 261,353 SF (Babies R Us, Best Buy, Lowe's)

Market Square- 125,281 SF (Bargain Hunt, Pet Supermarket)

The Landings at Arbor Place- 163 SF ( Michaels, Shoe Carnival, Toys R Us)

Location Description:

Located in Douglasville, this retail center is just 20 minutes west of downtown Atlanta. The surrounding demographics boast high household incomes (over $73k annually) and have strong employment statistics. This location is particularly attractive because it's adjacent to Arbor Place Mall, has excellent visibility along the four lane Douglas Boulevard, is in close proximity to Interstate 20 and is well positioned in an area with major retailers.

Highlights:

>> Delivered at an 8.8% cap rate on actual income

>> Close proximity to I-20 in a dense retail corridor

>> 100% leased by strong local and regional tenants

>> Adjacent to Arbor Place Mall (1.4 million SF)

>> Below market rents present upside when rolling leases to market


Similar Listings