Building Details

Stories 2

Listing Agency: Michael Bailey Commercial Realty

Listed By: Michael Bailey · License #GA H79944 Show Phone

Source: Crexi

Added: Mar 26 Changed: Oct 10 Last Checked: Oct 20 at 8:26PM

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Investment Insights

Based on property information with market context.

This offering includes a 14,046 SF building situated on 1.6 acres and operating as a gun shop and shooting range. The business is currently in operation, and the firearms and other merchandise inventory is also available.

The property fronts Holly Springs Pkwy and presents an existing retail-focused setup that may support alternative uses, including restaurant, medical use, indoor self-storage, or other retail, subject to applicable requirements.

If you are considering a tour, please be discreet during your visit.

Key Highlights

• Freestanding retail building totaling 14,046 SF on 1.6 acres directly on Holly Springs Pkwy.
• Currently operating as a gun shop and shooting range.
• Business and inventory of firearms and other merchandise are available with the property.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$197,562

Cap Rate

8.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,951,240 $4.0M

Cap Rate 7%

$2,822,314 $2.8M

Cap Rate 9%

$2,195,133 $2.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,046 SF

Gross rent

$308.5K $21.96/SF

− Vacancy

−$26.2K −$1.87/SF

EGI

$282.2K $20.09/SF

− OpEx

−$84.7K −$6.03/SF

NOI

$197.6K $14.07/SF

Area

Cherokee County, GA

Vacancy

8.50%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,951,240

Cap Rate 7%

$2,822,314

Cap Rate 9%

$2,195,133

Alternative Uses

Best Use

Retail

$2.82M

$2.47M – $3.29M (±1% cap)

NOI $197,562 @ 7.0% cap · market cap 8.98%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.94M

$3.45M – $4.60M (±1% cap)

NOI $276,088 @ 7.0% cap · market cap 12.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Zero Tolerance - Basic ... Training Center

Suggested Use

Top Pick Hair Salon Spa & Massage Center HVAC Service Parking Lot & Garage Dental Office Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

215

Businesses Nearby

42k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Home Improvements & Furnishings 95% Electronics 3% Shops & Services 1%

The Home Depot Home Improvements & Furnishings

39,008 visits/mo 0.3 miles

Verizon Electronics

1,427 visits/mo 0.5 miles

Mattress Firm Home Improvements & Furnishings

897 visits/mo 0.5 miles

Prime Storage Shops & Services

500 visits/mo 0.2 miles

Demographics for 30115, GA

49,804

Population

19,016

Households

2.6

Avg Household Size

40

Median Age

38%

College-Educated

93%

High-School Grad

73.2 sq mi

ZIP Area

680

Density / Sq Mi

$113,346

Median Household Income

$49,893

Median Earnings

$1,739

Median Rent

$439,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Freestanding retail building on 1.6 acres on Holly Springs Pkwy, operating as a gun shop and shooting range.

Where is this retail space located?

The property is located at 3800 Holly Springs Pkwy Holly Springs, GA.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Freestanding retail building totaling 14,046 SF on 1.6 acres directly on Holly Springs Pkwy.; Currently operating as a gun shop and shooting range.; Business and inventory of firearms and other merchandise are available with the property.