Sleep Number
Closed65 Fischer Crossings Dr, Sharpsburg, GA 30277
Property type
Retail
Unit / Space count
1
Price
$3,176,000
Building size
3,559 sf
Rentable area
3,559 SF
Year built
2023
Year renovated
Occupancy
Zoning code
Lot size
0.84 Acres
Sold/status
Sold · Date unknown
Sale price
$3176000
CAP
6.50%
Net Operating Income
$206,442
Property description
Franklin Street is pleased to present this new construction Sleep Number location in Sharpsburg/Peachtree City, Georgia. Peachtree City and Sharpsburg are southern suburbs of Atlanta located just 25 miles from downtown, which caters to many of the employees of Hartsfield Jackson, the world's busiest airport. The area has seen substantial growth at the intersection where the property is located, and is expected to have over 1M SF of retail when fully built out in 2023. Anchoring the property is Costco, which is one of two Costcos on the southside of Atlanta. The next location being 28 miles away, giving this location substantial pull in the trade area. Next to Costco a new $50M retirement community is being constructed that will feature independent and assisted living and memory care, and will employ 120 people. Additionally, behind the property Kaiser Permanente is building a new 85,000 SF three story office which will employ 300+ people. Driving the retail growth is the affluent demographics in the area, with household incomes over $130,000 annually. The location has a corporate guarantee from Sleep Number, which has annual revenues of $2.11B. Sleep Number is predominant mattress brand with strategic partnerships with the NFL, as well as content and media companies like CNN, Yahoo!, Thrive Global, YouTube, and more that also provide opportunities to influence and educate consumers about the benefits of proven quality sleep on a regular basis. Sleep Number is relocating from a smaller store at the Avenues Peachtree City, and they have seen strong sales upticks when relocating from inline stores to outparcels.
Property highlights
- New Construction Sleep Number With 10.5 Year Lease in Atlanta MSA
- Relocation Store: Top 5 Store in GA That Is Expanding From Current Location
- Ideal Demographics With Disposable Income: $134,000 Household Incomes Within 5 Mile Radius
- Large Trade Area: Outparcel to Only Costco Location For 28 Miles and a Top Performing Store
- Physical Locations Account for 87% of Sleep Number's Sales
- Corner Parcel With Visibility To 46,200 VPD
- Across from Sam's Club and the New Fischer Crossing Development Anchored by Publix, Floor & Décor, and Piedmont Hospital
- Growing Brand With 675+ Locations Nationwide
- Located 1 mile from Peachtree City's major retail intersection: The Avenues, Home Depot, Walmart, TJMaxx, Home Goods, Best Buy, Michaels, Aldi, Petsmart, among many others