Blue Springs Center
Cap Rate:8.94% (Proforma)
Price Per Square Foot:$122.95
Blue Springs Station is a retail shopping center, well-positioned in Kennesaw, a wealthy Atlanta suburb. Built-in 2006, this center is situated across the street from North Cobb High School in a busy residential neighborhood. Blue Springs Station provides a significant upside with the opportunity of filling the vacant suite. The center is located in the burgeoning North Cobb submarket which has shown consistent income and population growth. Nearby rental vacancies range from $15 NNN to $21 NNN, adding significant value for an entrepreneurial buyer.
◊ SBA Eligible for Owner Occupant
◊ Amazon-Proof Tenants
◊ Retail Rent Below Market Comps
◊ Easily Divisible Vacant Suite
◊ Newer Construction – Built-in 2006
Blue Springs is ideally and strategically located three miles off Interstate 75 approximately 30 minutes north of Downtown Atlanta. It is located in Cobb County, which has been ranked one of the most educated counties in the nation by the US Census Bureau and Atlanta Business Chronicle and has some of the lowest property taxes in the nation. There are almost 70,000 people within three miles of the site with an average household income of over $91,000.