Alpharetta Retail Investment
4000 North Point Parkway Alpharetta, GA 30022
For Sale
Contact for pricing
Pending
High-visibility retail center in affluent, growing Alpharetta submarket.
Property Size24,000 SF
Days on Market77
Property Features for 4000 North Point Parkway
General Information
Standard status
Pending
Size
24,000 SF
Property subtype
Retail
Building Details
Year Built
2003
Listing Agency:
Skyline Seven Real Estate
(404) 812-8927
Listed By:
Elliott Kyle · License #GA 299687
Source:
Crexi
Added: May 15
Changed: Jul 10
Last Checked: Jul 24 at 12:29PM
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 Skyline Seven Real Estate
Investment Insights
Based on property information with market context.
Northpoint Day Centre presents a retail investment opportunity in Alpharetta, Georgia. The center encompasses approximately 24,000 square feet and is positioned at a signalized, high-traffic intersection. The property benefits from its proximity to destinations such as Avalon and North Point Mall, as well as high-income residential communities and Class A office space. The location is also near the Big Creek Greenway. The tenant mix provides income and leasing potential. The property includes upside potential with the storage facility located in the basement of the building.
Key Highlights
- High‑traffic location at a signalized intersection in affluent Alpharetta, GA.
- Anchored by a strong mix of regional tenants, providing stable income.
- Proximity to Avalon, North Point Mall, high‑income residential areas, and Class A office space.
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 | $460.8k | $19.20 |
| − Vacancy | −$20.7k | −$0.86 |
| EGI | $440.1k | $18.34 |
| − OpEx | −$132.0k | −$5.50 |
| NOI | $308.0k | $12.84 |
24,000 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.40M
$3.85M – $5.13M
NOI $308,045 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.71M
$5.87M – $7.83M
NOI $469,624 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Old Milton Festival — 3710 Cotton Mill Pl, Alpharetta, GA 30005
Frequently Asked Questions
What type of property is this?
Shopping center - High-visibility retail center in affluent, growing Alpharetta submarket.
Where is this shopping center located?
The property is located at 4000 North Point Parkway Alpharetta, GA.
What is the asking price?
The asking price for this property is $5,965,500.
What are key features of this property?
This property features: High‑traffic location at a signalized intersection in affluent Alpharetta, GA.; Anchored by a strong mix of regional tenants, providing stable income.; Proximity to Avalon, North Point Mall, high‑income residential areas, and Class A office space.
