Mayberry Square
Closed3961 Floyd Road, Austell, GA 30106
Property type
Retail
Unit / Space count
1
Price
$3,025,000
Building size
9,000 sf
Rentable area
9,000 SF
Year built
2006
Year renovated
Occupancy
Zoning code
Lot size
1.25 Acres
Sold/status
Sold · Date unknown
Sale price
$3025000
CAP
7.66%
Property description
Franklin Street presents Mayberry Square, a 9,000-SF strip center, at the intersection of Floyd Road and the East West Connector in Austell, Georgia. The center was developed as an outparcel to a Home Depot in 2006 and has been very well maintained. The East West Connector is a major thoroughfare for the area and home to many national retailers including: Home Depot, Walmart, Target, Lowe’s, LA Fitness, amongst many others. Verizon Wireless recently extended their lease with the largest Verizon franchisee in their system, Cellular Sales. The remaining tenants are a mixture of strong national and regional tenants including UPS, American Deli, and a physical therapy office. They each have staggered lease expiration days with American Deli going out to 2019 and UPS going out to 2021, respectively. The center has great visibility and sits across from a very busy QuikTrip location.
Property highlights
- 100% leased to 4 tenants
- Cobb county ranked among the top 100 wealthiest US counties
- Located on the corner of a major trafficked intersection: 56,100 combined VPD
- Recent Verizon Wireless 5-year extension
- Over 200,000 residents within 10 minutes of the property
- Outparcel to Home Depot
- Well-maintained center with no imminent deferred maintenance