offering memorandum - loopnet · 2019-07-02 · hunger games: mocking jay (2014) and catching fire...

Multi-Tenant Lease Investment Opportunity3750-3780 W County Line Road | Douglasville, GA 30135

OFFERING MEMORANDUM

INVESTMENT SUMMARY & HIGHLIGHTSPROPERTY SUMMARY

Address: 3750-3780 W County Line Rd Douglasville, GACounty: DouglasBuilding Area: 16,400 SFLand Area: 2.18± ACBuilt: 1984

Price: $1,200,000Cap: 8.26%NOI: $99,183Price Per SF: $73.17Years Remaining: Varies

OFFERING SUMMARY

HIGHLIGHTS

• Value-Add Investment Opportunity• 91% Occupied Strip Center• Majority of the Tenants are Service Oriented• Population Growth Forecast of 6.49%• Population of 316,268+ Residents Within 10-Miles• Property is at the Corner of County Line Road and Fairburn Road With High Traffic

Counts of 29,410+ Vehicles Per Day• Full 4-Way Lit Intersection• Rent Roll is Resistant to Internet Competition• HVAC Renovated in 2018• Douglasville, GA is a Metro Atlanta Suburb• 12-Miles West of Atlanta Beltway I-285• 1-Mile South From the Full Interchange of I-20 and Fairburn Road With 93,600+ VPD

HARRY NORMAN, REALTORS® COMMERCIAL DIVISION

Douglasville Police Department

WellStar Douglas Hospital

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Home Ridge Apartments

Fairburn Road

W C

ounty Line Road

AREA OVERVIEW & AERIAL MAP


3 Mile 5 Mile 10 Mile

Population 37,765 98,296 316,268

Average Household Income $71,150 $72,462 $75,467

SUBJECT PROPERTY DEMOGRAPHICS

COUNTY LINE STRIP CENTER

COUNTY LINE STRIP CENTER COUNTY LINE

STRIP CENTER


RETAIL MAP



ABOUT THE CITY TENANT PROFILES

The city of Douglasville is the county seat of Douglas County, Georgia. The city’s estimated population was approximately 33,352 residents in 2017. Douglasville is located approximately 20 miles west of Atlanta and is part of the Atlanta Metro Area, which has a population of over 5,884,736 residents.

Downtown Douglasville is a nationally designated Main Street city and is listed on the National Register of Historic Places. Douglasville’s historic Downtown hosts many shops and eateries. The city contains a vibrant business area towards the Arbor Place Mall and Fairburn Road. This area hosts many major retail stores, food stores and fast food chains. Six Flags Over Georgia, a 100-acre park with awesome rides, great shows, and incredible attractions, is located only 10 minutes from Douglasville. Sweetwater Creek State Park is a peaceful tract of wilderness also only minutes from downtown Douglasville. The park’s trail follows the stream to the ruins of the New Manchester Manufacturing Company, a textile mill burned during the Civil War. In recent years, the historic downtown district of the city and the surrounding areas have become popular and famous backdrops for film industries. Productions include Netflix’s Stanger Things (2016), The Founder (2015), Hunger Games: Mocking Jay (2014) and Catching Fire (2013), Finding Carter (MTV series 2014), and Kill the Messenger (2014).

Pause 4 Paws is a locally owned and operated pet grooming salon in the Douglasville Area. The company is somewhat new to the area, but not new to the industry. Pause 4 Paws has been in the industry for over 7 years. The owners, Eddie and Richard, opened Pause 4 Paws Pet Grooming and Salon to pursue their passion and love for animals. Eddie and Richard opened the dog grooming salon together in 2012 and since then have built a loyal customer base in a relatively short time.

The main philosophy at Pause 4 Paws Pet Grooming and Salon is to provide the best possible care for customer’s pet in a professional and caring way. They offer multiple packages of pet grooming services. All dogs are hand dried and fluffed so they are sure to look their best. Cage dryers are never used. They will work with customers to schedule regular appointments to keep their dogs feeling clean and looking good. They offer extremely low pet grooming prices compared to competitors in the area.

TYPEPrivate

TYPEPrivate

TYPEPrivate

Champion Karate and Fitness, located in Douglasville, was founded in 1997 by Sensei Samantha Hostettler PHD. Sensei Hostettler has over 25 years of competitive and training experience. Champion Karate is Douglasville’s largest karate facility. Sensei Hostettler’s ability to reach children and adults alike has earned Champion Karate a reputation as Atlanta’s best martial arts studio. Sensei Hostettler’s most recent accomplishment was being selected as a coach for the United States National Karate Team. Champion Karate and Fitness offers karate classes for all ages. They have highly trained staff that has been teaching families at the same location for over 15 years.

They believe that every age group has its own learning pace. It is their priority to give customers the most out of their karate training so they offer separate individualized classes based on age group so that customers may retain what is taught at a level that they deserve. They also offer a unique camp focusing on karate, sports and fitness for elementary and middle school aged children.

Williamson Eye Care has been a leading provider of optometry services and vision care products in the Douglasville community since 1990. Williamson Eye Care is a member of Vision Source, a premier network of private practice optometrists. Vision Source is a family of over 3,300 locally owned practices and more than 4,600 doctors collaborating to provide quality professional eye care and to support the long-term success of independent optometry. Vision Source clinicians treat 16 million patients every year. Together with healthcare partners, they deliver positive outcomes and the gold stan-dard in patient care.

Vison Source’s experienced eye doctors offer comprehensive vision examinations at the Douglasville optometry office and specialize in the diagnosis and treatment of a wide array of eye diseases, conditions, and problems. They use advanced diagnostic technology and vision correction products and are committed to improving the quality of life of people in the Douglasville community through enhanced vision.


FOUNDED2012

FOUNDED1997

FOUNDED1990

WEBSITEMyPause4Paws.com

WEBSITEChampionKarateAndFitness.com

WEBSITEWilliamsonEyeCare-Douglasville.com


CONFIDENTIALLY AGREEMENT

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Harry Norman, REALTORS® and should not be made available to any other person or entity without the written consent of Harry Norman, REALTORS®.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Harry Norman, REALTORS® has not verified, and will not verify, any of the information contained herein, nor has Harry Norman, REALTORS® conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Harry Norman, REALTORS® and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

EXCLUSIVELY MARKETED BY HARRY NORMAN, REALTORS®

© 2019 Harry Norman, REALTORS®. The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Harry Norman, REALTORS® does not doubt its accuracy, however, Harry Norman, REALTORS® makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness. Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Harry Norman, REALTORS® encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.

ANGIE SARRISLic. # 375706Direct: [email protected]

offering memorandum - loopnet · 2019-07-02 · hunger games: mocking jay (2014) and catching fire...

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