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3665 Old Milton Parkway, Alpharetta, GA, 30005

Aspen Station Plaza

$3,975,000

Key Information

Cap Rate
5.79%
Tot. SF
8,550
Lot Size
0.83 Acres
Units
5
Year Built
2003
Type
Shopping Centers
Occupancy
100%
NOI
$230,280

Highlights

  • Coveted location in the heart of Alpharetta, GA, along Atlanta’s highly affluent and ever-growing northern arc.
    • Minutes from Avalon, one of the biggest consumer draws in the Southeast.
  • Mark-to-market opportunity
    • Equates to strong rental growth, with 35% of the GLA (two tenants) paying approximately $21/SF in a $30/SF+ market.
  • Phenomenal trade area demographics
    • Underscored by a growing population of 191K people within 5 miles of the Property and an Avg. HH Income of $186,500 within three miles.
  • High-quality design and building aesthetics
    • Giving Aspen Station Plaza a unique, attractive retail identity.
  • Extremely high traffic position less than a mile from GA-400 (138,000 VPD) and fronting Old Milton Pkwy (54,500 VPD).
    • One of North Atlanta’s busiest retail and traffic corridors, connecting Downtown Alpharetta with nearby communities like Johns Creek, Duluth, Suwanee, and Peachtree Corners.
  • 100% occupied, 5-tenant essential services retail strip
    • Comprised of a solid mix of food and beverage, fitness, and beauty services providers.

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305