1133 -West Connector Austell, GA 30106
- Retail properties
- 202,843 SF
- 21.52 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1133 -West Connector
- Year built
- 1999
- Lot size
- 21.52 lot acres
- Property size
- 202,843 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 202,843 square foot Walmart Supercenter situated on a 21.52-acre lot in Austell, Georgia. The property boasts a strong 6.15% cap rate and a substantial net operating income (NOI) of $1,255,609. The single-tenant, absolute NNN lease with Walmart, a credit-rated tenant, extends until October 31, 2031, offering a remaining term of 6.9 years with twelve, 5-year lease options. The property features 1,026 parking spaces and is strategically located on the heavily trafficked East-West Connector (32,800 VPD), providing exceptional visibility and accessibility. Built in 1999, this one-story building sits within a prime retail corridor (97.7% occupied) featuring approximately 3.1 million square feet of retail space and is surrounded by other major retailers including Starbucks, Home Depot, and Target. The property benefits from a dense, affluent customer base with an average household income of $103,793 within a five-mile radius (191,625 residents). Its proximity to Wellstar Cobb Hospital and the Village at Brookwood mixed-use development further enhances its value and long-term potential. The property's zoning is NRC/CRC, and the asking price is $20,416,000, translating to a price per square foot of $100.65. This is a rare opportunity to acquire a high-performing, investment-grade asset anchored by a world-renowned retailer. The property's APN is 19-0924-0-001-0.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austell
- County
- Cobb
- State
- Georgia
- Longitude
- -84.5866
- Latitude
- 33.8569
