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Woodstock Mattress Outlet, Douglasville, GA

Woodstock Mattress Outlet

Douglasville, GA

Price $1,700,000
Cap Rate 7.50%
NOI $127,500
Lease Term 10 Years
Lease Type Net, with Tenant Responsible for All Utilities, Insurance, Taxes, and Maintenance, Excluding Roof and Structure
Rental Increases 5% Rental Increases in Year 6 and 10% Rental Increases at the Beginning of Each Option Period
Year Built 2018
Building Size 5,000 SF
Lot Size 0.59 Acres (25,700 SF)
Status Under Contract
Lead Broker Information Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

Investment Highlights

NEW 10-YEAR NET LEASE WITH SCHEDULED RENTAL INCREASES
» New 10-year corporate lease to strong regional tenant
» 5% rental increase in initial term and 10% rental increases in each option period, providing a hedge against inflation

HIGH-TRAFFIC LOCATION IN PROMINENT RETAIL AREA
» Located just off of the signalized intersection of Douglas Boulevard and Bill Arp Road, which experiences a high traffic count of 43,500 vehicles per day
» Immediate access to Interstate 20, with a traffic count of 102,000 vehicles per day near the property
» Within walking distance of Arbor Place, a regional mall serving the growing western suburbs of Atlanta
» Arbor Place is western Georgia’s largest mall and has a trade area population of approximately 850,000, bringing significant traffic to the surrounding area
» Located in dense retail corridor and surrounded by major national tenants

CENTRAL LOCATION NEAR IMPORTANT COMMUNITY AMENITIES
» Minutes from downtown Douglasville
» Close proximity to Douglas County High School, which has a total enrollment of over 2,000 students
» Near WellStar Douglas Hospital, the primary hospital for Douglas County
» WellStar Douglas Hospital is the largest employer in Douglasville—with 830 employees—and is one of the top-ranked hospitals in Georgia

NEW 2018 CONSTRUCTION
» High-quality construction expected to be completed in Q3 2018
» Features latest Woodstock Mattress Outlet store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum


Property Description

The property is strategically located just off of the signalized intersection of Douglas Boulevard and Bill Arp Road, which experiences a high traffic count of 43,500 vehicles per day. The property benefits from immediate access to Interstate 20, with a traffic count of 102,000 vehicles per day near the property. The property is located in a dense retail corridor within walking distance of Arbor Place, a regional mall serving the growing western suburbs of Atlanta. As the largest mall in western Georgia, Arbor Place serves a large trade area consisting of eight counties in Georgia and a significant area in eastern Alabama. Arbor Place features over 125 stores, including Belk, Dillard’s, Macy’s, Sears, and an 18-screen movie theatre. In addition to the retailers at Arbor Place, many other notable tenants surround the property, including Lowe’s, Best Buy, Chuck E. Cheese’s, Jo-Ann Fabrics, Aaron’s, Walgreens, and Home Depot, amongst others.

The property is also close to several important community amenities, including Hunter Memorial Park, the 2,000-student Douglas County High School, and the 108-bed WellStar Douglas Hospital. Additionally, the property is supported by a strong customer base, with 81,949 residents with an average household income of $76,335 living within a five-mile radius.

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