Price Per Square Foot:83.33
Located just outside of affluent Eagle’s Landing, this office building is 75% occupied with three tenants paying below-market rent, creating a value-add opportunity for any potential investor or owner-user. The property is located within close proximity to restaurants and other retailers. The market is experiencing “8.97%” population growth annually Average Household Income Exceeds $115,000 in a two-mile radius.
- SF: 10,200
- Years Built : 2020
- Cap Rate : 7.29%
- Pro Forma Cap Rate: 9.18%
- Occupancy: 75%
- Average HHI : $115,000
- Price Per Square Foot: $83.33
- Acres: 1.02
- Projected Growth 2020-2025: 8.97%
Located 30 minutes south of Atlanta, McDonough is a city for all seasons with a charming downtown that is bustling with energy all year long. The historic town square serves as the heart of downtown and is the backdrop for festivals and entertainment held throughout the year. The town’s rich and storied past is evident as you stroll the sidewalks that skirt the square. Experience Broadway at a Henry Players performance, browse the works of Henry County artists at local galleries, or listen to live music at venues around town. From unique downtown shops to national retailers, global cuisines to 50’s diners, McDonough maintains a delightful balance between southern charm and modern comfort.
McDonough is located within Henry County, an area that has strongly benefitted from being strategically located between Atlanta and Savannah. When compared to other counties within the greater Atlanta market, Henry County has been a leader in both population and household income growth.
Within the last year, Henry County has generated $109 million of investments from at least 10 new projects and expansions, which have generated over 1,000 jobs. Prime examples include Home Depot’s Supply Chain Operations and Zinus USA, Inc. Zinus USA, Inc. a rapidly growing e-commerce furniture and mattress international company. In 2019, Henry County initiated plans for a 465-acre mixed-use project called Reeves Creek, a $90 million investment, which would provide exceptional retail, restaurants, office, and residential spaces.