alpharetta, ga 30022 770.481.1960 · home fashion interiors is located in alpharetta, ga, an...

5755 North Point Parkway, Suite 262

Alpharetta, GA 30022

770.481.1960

www.shanegroup.net

HOME FASHION INTERIORS

793 N. Main St., Alpharetta, GA

5755 North Point Parkway, Suite 262

Alpharetta, GA 30022

770.481.1960

www.shanegroup.net

http://www.shanegroup.net

http://www.shanegroup.net

793 N. Main St., Alpharetta, GA 770.481.1960 | www.shanegroup.net




See accompanying Confidentiality Statement.

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Home Fashion Interiors is located in Alpharetta, GA, an affluent northern Atlanta suburb with an average household income over

$128,000. The property is located about 1.5 miles off GA 400 at Windward Pkwy (42,900 cars per day) and N. Main Street (19,800

cars per day). There are over 159,000 people and an additional 142,000 daytime employees within 5 miles of this site. The

immediate area is home to over 1.5 million SF of retail. Additionally, many major tech companies call Alpharetta home, including

Hewlett Packard, Verizon, ADP, UPS, Fiserv, McKesson and Ryder.

BUILDING: ~38,071 SF | LAND: ~3.53 Acres | BUILT: 1991; renovations/additions made 2011/2012

10-Year NNN Sale Leaseback / Personal Guaranty 27-Year Operating History Low Rent ($12.92 PSF) / Nearby Retail at $20 PSF Plus Large Land Parcel (3.53 Acres) / Room to Expand Affluent Area with $128,000 Average Household Income Nearby Major Retailers (Costco, Walmart, Lowe’s & more)

Home Fashion Interiors (HFI) is a single-tenant NNN sale leaseback. Upon Closing, the tenant will sign a new 10-year lease with a

personal guaranty, 10% increases every 5 years and two 5-year options. HFI is a high-end furniture sales and design center (see the

Tenant Information page for more details). The owners have been in the furniture business for over 27 years, operating at this

location since 2011. The tenant purchased the building in 2011 and has made substantial upgrades and additions to the property.

The building is approximately 38,071 SF and rent has been set at $12.92 PSF, well below the nearby retail average of $20 PSF.

Additionally, the site is over 3.5 acres allowing for future expansion. In fact, the tenant currently utilizes 7 to 9 tractor trailers for

additional storage and is considering adding another 10,000 SF onto the building. The property is located in the affluent northern

Atlanta suburb of Alpharetta, GA that has an average household income over $128,000 within 5 miles. Nearby retailers include

Lowe’s, Kroger, Walmart, Costco, Fry’s, Target, Home Depot and many others.




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Numerous other retailers line Windward Pkwy and N. Main Street:

IHOP, Burger King, Rite Aid, Wells Fargo, Chili’s, McDonalds,

Chick fil-A, KFC, Navy Federal, Chipotle, Starbucks, Mattress Firm,

Walgreens, BB&T, Cracker Barrell, Panera Bread, Chase Bank,

Taco Mac, AutoZone, Firestone, FedEx, T-Mobile and many others!




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Please Note: Lot Lines are approximate

Large Site: approximately 3.53 Acres

Building: approximately 38,071 SF




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Back view of the building (2-story warehouse space) Additional land in the back for expansion

Front of the building Side view of the building

About 5 tractor trailers on site

for additional storage.

Two more over here

(not seen in this picture)




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Interior Sales Floor Interior Sales Floor

Interior Sales Floor Design Center




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Home Fashion Interiors (HFI) is a high-end furniture sales and design center located in

Alpharetta, GA. HFI has been in business for over 27 years and at their current location since

2011. The company is owned and operated by Jim & Nava Rozati. They currently employ a

General Manager, 6 Professional Interior Designers and a full-time Delivery Manager and

Service Manager. HFI was created with the idea to provide customers with options for the

unique look they desired, not a typical "run-of-the-mill", generic furniture store. Jim took the

concept a step further by offering high-end furniture at 40% off MSRP, along with free interior

design services and consultations.

Complimentary Interior Design Services

27,000 SF Show room plus on-site warehouse

In-Home Delivery Services

Custom-made furnishings and fabrics

Large selection of fine manufacturers

Minimum of 40% of MSRP, every day

Mr. Rozati will sign a personal guaranty on the lease. Financials available after a Purchase

Agreement and Confidentiality Agreement have been signed. Please call agent for details. www.homefashioncenter.com

Jim earned an undergraduate degree in Civil Engineering from the University of Alabama. He

moved to Decatur, GA in 1980 working for an engineering consulting firm. Corporate

downsizing created a career crossroad and led him back to his passion and family business of

furniture, fabric and design. Jim moved to Alpharetta in 1989 and sought to furnish his new

home. He experienced the challenges firsthand; he needed quality, high-end furniture and

simply could not find it. He knew he could do much better than anyone else in the market,

which led to the opening of Home Fashion Center in 1990. That business has continued to

expand and is now Home Fashion Interiors.

http://www.homefashioncenter.com/




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Termination Date

Term

Increases

Security Deposit

Year Annual Base Rent

1 to 5 $492,000

6 to 10 $541,200

11 to 15 $595,320

16 to 20 $654,852

10 Year Lease with Two 5 Year Options

Tenant Home Fashion Interiors

Building Approximately 38,071 SF

Commencement Date Upon Closing; Lease to be signed with new Buyer

10 Years from Closing

Guaranty Personal Guaranty by the owner

Taxes Paid by Tenant

Option 2 $54,571

10% every 5 Years

None

Rent Schedule Monthly Base Rent

$41,000

$45,100

Option 1 $49,610

Landlord Expenses None; lease will be NNN with all expenses paid by Tenant

Insurance Paid by Tenant

CAM Paid by Tenant

Utilities Paid by Tenant




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One Mile Three Miles Five Miles Notes

2017 Population 7,212 53,269 159,927

2010 Population 6,725 46,766 138,226

5 Year Projected 7,594 57,885 174,718

Growth since 2010 7.24% 13.91% 15.70%

Projected Growth Over the Next 5 Years 5.30% 8.67% 9.25%

2017 Households 2,891 21,467 58,484

% Owner Occupied 48.70% 52.20% 64.10%

% Renter Occupied 51.30% 47.80% 35.90%

2010 Households 2,707 19,059 50,981

5 Year Projected 3,039 23,229 63,706

Growth since 2010 6.80% 12.63% 14.72%


2017 Average Household Income $105,029 $112,722 $128,429

5 Year Projected $119,058 $126,417 $142,436


2017 Atlanta Average Household Income $81,382

2017 Georgia Average Household Income $70,633

Employment & Establishments

2017 Employees/Daytime Population 11,399 73,696 142,074

2017 Total Establishments 656 4,094 9,666

White 57.60% 62.40% 66.80%

African American 13.70% 12.40% 10.40%

Hispanic Origin (Any Race) 8.60% 10.00% 10.90%

Native American / Alaskan Native 0.20% 0.20% 0.20%

Asian/Pacific Islander 22.20% 18.00% 15.80%

Two or More Races 3.10% 3.10% 2.80%

Other Race 3.10% 3.80% 3.90%

Race

Population

Households

Income

Five Miles is 58% higher than Atlanta Avg.

Five Miles is 82% higher than Georgia Avg.

alpharetta, ga 30022 770.481.1960 · home fashion interiors is located in alpharetta, ga, an...

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