Huey Magoo’s | Oakwood, GA

Retail

3525 Thurmon Tanner Pkwy Oakwood, GA 30566
Price:
$ 1,757,000
Property Size:
3,487 sqft
Cap Rate:
6.10
NOI:
$ 107,225
Lot Size:
1.42 acres
Year Built:
2013/2021
Status:
Sale

INVESTMENT HIGHLIGHTS

BRAND NEW RETROFIT; LONG-TERM ABSOLUTE NNN LEASE WITH RENT INCREASES
Subject property was recently renovated to suit the needs of Huey Magoo’s. The Tenant signed an Absolute NNN Lease with 10% rent increases every five years throughout the term.

RAPIDLY EXPANDING TENANT
Huey Magoo’s was founded in 2004 as a single location in Florida, and began franchising in 2011. The company currently operates approximately 18 locations throughout Florida, Georgia, and Mississippi; and they have a goal to open 46 locations in the Greater Atlanta region.

MAIN & MAIN LOCATION ACROSS THE STREET FROM UNIVERSITY OF NORTH GEORGIA & OTHER TRAFFIC GENERATORS
Subject property is located just off Highway 53 (34K VPD) at the Thurmon Tanner signalized intersection – less than a quarter mile west of Interstate 985. Across the street is the University of North Georgia – Gainesville Campus (which has 8,000 students and is the largest campus in the UNG system). Also across the street are Sam’s Club, Walmart Supercenter and Chicopee Woods Golf Course.

ATLANTA MSA LOCATION
Oakwood is approximately 45 miles Northeast of downtown Atlanta. Within 3-miles, the population is nearly 30,000 which is a 62% increase from 2000. Additionally, the average Household Income within 3-miles is $80,000 and t he Median Home Value is $200,000.

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

Phillip Butts
Senior Analyst
918.878.9534
D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535
Ken Hedrick
Executive Managing Director
918.878.9540
Jerry Hopkins
Executive Managing Director
918.878.9536
Kenny Holzer
President | Partner
404-812-8912
Chase Murphy
Investment Sales
404-812-8925
Elliot Kyle
Senior Associate | Investment Sales
404-812-8927

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