Current Use by Public Records
- Industrial properties
Property Details for 5735 Stables Way
- Year built
- 2024
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This exceptional investment opportunity presents a single-tenant, 1,643 square foot flex space located at 5735 Stables Wy, Alpharetta, GA 30004. The property, built in 2024, boasts a desirable M1 zoning and features a 22-foot ceiling height. The building includes a 14x14 overhead door, a mezzanine with luxury vinyl plank flooring, a restroom with a rough-in shower, HVAC, LED lighting, 3-phase power, a sprinkler system, and 24-hour access. Energy-efficient construction contributes to operational efficiency. Currently under a triple-net (NNN) lease with a credit-rated tenant, the lease commenced July 12, 2024, and expires July 9, 2027, offering a remaining term of three years. The lease includes 3% annual rent bumps, ensuring consistent income growth. The asking price is $545,954.12, representing a compelling 8.50% cap rate and a price per square foot of $440.29. The monthly base rent is $3,491.38. The seller will pre-pay CAM fees at closing. This property is situated on a ground lease and includes a personal guarantee. The unit dimensions are 31' x 40', with a 403 square foot mezzanine, resulting in a total net rentable area of 1,643 square feet. This is a turnkey investment opportunity with strong tenant credit and a secure lease.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alpharetta
- County
- Forsyth
- State
- Georgia
- Longitude
- -84.2496
- Latitude
- 34.1462
