Alpharetta Retail Property For
5655 Atlanta Hwy Alpharetta, GA 30004
5655 Atlanta Hwy, Alpharetta, GA, 30004
$1,900,000
For Sale
$1,900,000
Multi-tenant property in affluent area with strong tenant commitment.
Property Size7,080 SF
Lot Size0.98 Acres
Price / SF$268.36
Days on Market139
Property Features for 5655 Atlanta Hwy
General Information
- Standard status
- Active
- Size
- 7,080 SF
- Lot size
- 0.98 Acres
- Property subtype
- Retail
Listing agency
Legacy Real Estate
(586) 248-2260
Listed by
Gus Jamil · License #MI #6505419272
(586) 248-2260
Source
Legacycrea
Added: Mar 5 Updated: Jul 6 at 10:30AM Checked: Jul 17 at 7:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Real Estate
Investment Insights
Based on property information with market context.
This multi-tenant property is located in Alpharetta, Georgia, as an outparcel to a Kroger grocery-anchored center. Situated within the Atlanta, GA MSA, ranked among the top 10 in the U.S.A. The surrounding area is ultra-affluent, with an average household income exceeding $150,000 within a 3-mile radius. The property is surrounded by national tenants, including Walmart Supercenter, Publix Super Market, Ace Hardware, Wendy's, McDonald's, and RaceTrac. Atlanta Hwy is undergoing expansions with additional lanes in both directions. The area has dense demographics, with over 42,000 people residing within a 3-mile radius, and a projected population growth of +7.10% through 2028 within the same radius. Constructed in 2000, the building spans 7,080 square feet on a 0.98-acre lot and includes 42 surface parking spaces. The building features high-quality, full-brick construction. A new roof was installed in 2020 with a 20-year transferable warranty. All leases are equipped with 3% annual increases. Tenants have demonstrated a strong commitment to the site, occupying their spaces for a minimum of 15 years. The short-term leases provide upside potential, as WellStar Urgent Care has no options remaining. WellStar Health Systems, the anchor tenant, is rated Aa2 credit per Moody's.
Key Highlights
- Located in Alpharetta, GA, an ultra‑affluent area within the Atlanta MSA with average household income exceeding $150,000.
- Outparcel to a Kroger grocery‑anchored center, surrounded by national tenants.
- Strong tenant commitment with minimum 15‑year occupancy and leases equipped with 3% annual increases.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.9k | $19.20 |
| − Vacancy | −$6.1k | −$0.86 |
| EGI | $129.8k | $18.34 |
| − OpEx | −$38.9k | −$5.50 |
| NOI | $90.9k | $12.84 |
7,080 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.51M
NOI $90,873 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,539 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fabric Touch Cleaners
(Bike/Boat/Book/etc) Store
Krunal Jethwa, MD
Physician
Wellstar Urgent Care
Medical Clinic
Mihaela Ille, MD
Physician
Jorge Rodriguez, DO
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Multi-tenant property in affluent area with strong tenant commitment.
Where is this strip mall located?
The property is located at 5655 Atlanta Hwy Alpharetta, GA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Located in Alpharetta, GA, an ultra‑affluent area within the Atlanta MSA with average household income exceeding $150,000.; Outparcel to a Kroger grocery‑anchored center, surrounded by national tenants.; Strong tenant commitment with minimum 15‑year occupancy and leases equipped with 3% annual increases.
