Brick Strip Retail
For Sale
$2,919,893
7580 Springbox Dr, Fairburn, GA 30213
Service-oriented tenants and NNN leases support a streamlined ownership profile.
Property Size20,925 SF
Price / SF$139.54
Days on Market150
Property Features for 7580 Springbox Dr
General Information
Standard status
Active
Size
20,925 SF
Property subtype
Shopping Strip
Amenities
SHOPS AT HAMPTON OAKS · 20,925 SF | INTERNET-RESISTANT SERVICE RETAIL STRIP | FAIRBURN (ATLANTA MSA), GA
EXPLOSIVE MARK-TO-MARKET UPSIDE | IN-PLACE RENTS 35–45% BELOW MARKET
100% E-COMMERCE RESISTANT SERVICE · DAILY NEEDS LINEUP
AFFLUENT & ONE OF THE FASTEST-GROWING CORRIDORS IN METRO ATLANTA
Building Details
Building Size
20,925 SF
Year Built
2008
Listing Agency:
Atlanta Office
(678) 808-2780
Listed By:
Zachary Taylor · License #GA: 266327
(678) 808-2780
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 8:06PM
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 Atlanta Office
Investment Insights
Based on property information with market context.
This 20,925 SF strip retail center was built in 2008 with brick construction and a service-focused tenant lineup. Occupants include Domino’s, Fit Body Boot Camp, child enrichment and education providers, salon studios, and local medical and service businesses. The property includes one 1,400 SF vacancy and uses a true NNN lease structure across the occupied suites.
The center fronts Hwy 92 in Fairburn, with reported traffic exceeding 20,000 vehicles per day. It is adjacent to the Hampton Oaks master-planned community and near Renaissance Middle School and Langston Hughes High School. Within 5 miles, 75%+ of households are owner-occupied, while projected population growth exceeds 4% by 2030. The surrounding trade area also reports average household income above $123,000 within 3 miles.
The center fronts Hwy 92 in Fairburn, with reported traffic exceeding 20,000 vehicles per day. It is adjacent to the Hampton Oaks master-planned community and near Renaissance Middle School and Langston Hughes High School. Within 5 miles, 75%+ of households are owner-occupied, while projected population growth exceeds 4% by 2030. The surrounding trade area also reports average household income above $123,000 within 3 miles.
Key Highlights
- 20,925 SF strip retail center built in 2008 with brick construction
- True NNN lease structure across occupied suites
- One 1,400 SF vacancy within a service‑oriented retail tenant lineup
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
$268,577
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
9.20%
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%
$5,371,540
$5.4M
Cap Rate 7%
$3,836,814
$3.8M
Cap Rate 9%
$2,984,189
$3.0M
Market Conditions
NOI Build-Up for 20,925 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
$401.8K $19.20/SF
− Vacancy
−$18.1K −$0.86/SF
EGI
$383.7K $18.34/SF
− OpEx
−$115.1K −$5.50/SF
NOI
$268.6K $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%
$5,371,540
Cap Rate 7%
$3,836,814
Cap Rate 9%
$2,984,189
Alternative Uses
Best Use
Retail
$3.84M
$3.36M – $4.48M
NOI $268,577 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.85M
$5.12M – $6.82M
NOI $409,454 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 30213, GA
42,518
Population
16,933
Households
2.5
Avg Household Size
36
Median Age
36%
College-Educated
92%
High-School Grad
62.1 sq mi
ZIP Area
685
Density / Sq Mi
$92,681
Median Household Income
$46,222
Median Earnings
$1,751
Median Rent
$281,300
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 - Service-oriented tenants and NNN leases support a streamlined ownership profile.
Where is this strip mall located?
The property is located at 7580 Springbox Dr Fairburn, GA.
What is the asking price?
The asking price for this property is $2,919,893.
What are key features of this property?
This property features: 20,925 SF strip retail center built in 2008 with brick construction; True NNN lease structure across occupied suites; One 1,400 SF vacancy within a service‑oriented retail tenant lineup
