Carrollton Station — Carrollton, GA (Property 2)
Five-tenant retail strip at 1435 US-27, Carrollton, GA (Atlanta MSA) — the multi-tenant example Mike added at the group's request. Priced at $4,800,000 / 6.25% cap on ~$300,000 NOI; 2020 build; 8,100 SF; 100% occupied with a ~5-year weighted-average lease term remaining. Tenants: Five Guys, Diva Nails, Tropical Smoothie Café, Brazilian Body Wax, Pita Mediterranean. Listed by JLL.
Key Facts¶
- Provides diversification but adds CAM administration vs. absolute NNN.
- ~74,500 combined VPD; WAVG sales ~$430/SF; cited 1.8% submarket vacancy.
- Demand drivers: University of West Georgia, Tanner Medical Center, Southwire HQ.
- Key risk: short ~5-yr WAVG term and possible co-tenancy/go-dark clauses — verify in actual leases.