Johns Creek Strip
For Sale
$10,100,000
6375-6395 McGinnis Ferry Road Johns, Alpharetta, GA 30005
Retail-oriented commercial building with C1 zoning along McGinnis Ferry Road in Johns Creek, Georgia.
Property Size23,210 SF
Days on Market194
Property Features for 6375-6395 McGinnis Ferry Road Johns
General Information
Standard status
Active
Size
23,210 SF
Property subtype
Strip Center
Zoning
C1
Building Details
Building Size
23,210 SF
Tenancy
Multi
Listing Agency:
KW Commercial
(770) 992-3356
Listed By:
Rocky Kaufmann · License #248712
(770) 992-3356
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 6:54AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This strip mall property is located at 6375-6395 McGinnis Ferry Road in Johns Creek, Georgia. The commercial building is zoned C1 and is positioned for retail-oriented occupancy, with the property information identifying multiple units within the center.
The site is near The Collection at Forsyth, Avalon, and North Point Mall, placing it within a broader retail and dining environment. Johns Creek is described as having established residential neighborhoods, commercial districts, and ongoing mixed-use and civic development, including the Johns Creek Town Center and Medley projects.
The site is near The Collection at Forsyth, Avalon, and North Point Mall, placing it within a broader retail and dining environment. Johns Creek is described as having established residential neighborhoods, commercial districts, and ongoing mixed-use and civic development, including the Johns Creek Town Center and Medley projects.
Key Highlights
- C1‑zoned strip mall property
- Located at 6375‑6395 McGinnis Ferry Road, Johns Creek, GA 30005
- Near The Collection at Forsyth, Avalon, and North Point Mall
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$297,905
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,958,100
$6.0M
Cap Rate 7%
$4,255,786
$4.3M
Cap Rate 9%
$3,310,056
$3.3M
Market Conditions
NOI Build-Up for 23,210 SF
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.
Gross rent
$445.6K $19.20/SF
− Vacancy
−$20.1K −$0.86/SF
EGI
$425.6K $18.34/SF
− OpEx
−$127.7K −$5.50/SF
NOI
$297.9K $12.84/SF
Area
Fulton County, GA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,958,100
Cap Rate 7%
$4,255,786
Cap Rate 9%
$3,310,056
Alternative Uses
Best Use
Retail
$4.26M
$3.72M – $4.97M
NOI $297,905 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.49M
$5.68M – $7.57M
NOI $454,166 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,911
Businesses Nearby
558k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Apparel 27%
Dining 22%
Groceries 11%
T.J. Maxx
Apparel
48,352 visits/mo
0.1 miles
Kohl's
Apparel
47,814 visits/mo
0.3 miles
Kroger
Groceries
45,154 visits/mo
0.4 miles
Chick-fil-A
Dining
37,463 visits/mo
0.4 miles
QuikTrip
Shops & Services
33,226 visits/mo
0.5 miles
Demographics for 30005, GA
39,308
Population
14,879
Households
2.6
Avg Household Size
38
Median Age
76%
College-Educated
99%
High-School Grad
15.8 sq mi
ZIP Area
2,488
Density / Sq Mi
$170,951
Median Household Income
$82,686
Median Earnings
$1,929
Median Rent
$587,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Retail-oriented commercial building with C1 zoning along McGinnis Ferry Road in Johns Creek, Georgia.
Where is this strip mall located?
The property is located at 6375-6395 McGinnis Ferry Road Johns Alpharetta, GA.
What is the asking price?
The asking price for this property is $10,100,000.
What are key features of this property?
This property features: C1‑zoned strip mall property; Located at 6375‑6395 McGinnis Ferry Road, Johns Creek, GA 30005; Near The Collection at Forsyth, Avalon, and North Point Mall
