875 Mansell Rd Roswell, GA 30076-5020

Property Details for 875 Mansell Rd

Year built

1988

Lot size

2.21 lot acres

Property size

23,036 SF

Zone code

R4C

Property type

Strip malls

Property subtype

Neighborhood centers

APN

12 218005050458

APU

12218005050458

Description

This exceptional 32,756 square foot retail center in Roswell, Georgia, boasts a prime location on Mansell Road (36,000 vehicles per day), featuring two access points and a lighted intersection. Anchored by a CVS Pharmacy, which has occupied the space for 26 years and recently renewed their lease, the center also includes Jimmy John's, Avis, and Red Wing Shoes. The property enjoys 100% occupancy and a strong NOI of $730,991, resulting in a 6.61% cap rate. The asking price is $11,065,000, translating to $337.80 per square foot. Recent capital improvements include a new roof with a remaining warranty. The property sits on a 4.31-acre lot and benefits from significant mark-to-market rental upside potential, with current market rents exceeding existing lease rates by $5-10 per square foot. The center is strategically positioned near other national retailers such as Walmart, Lowe's, Sprouts, Kroger, Aldi, and more, serving a highly affluent area with average household incomes exceeding $200,000 within a 3-mile radius. Leases are Net, with tenants responsible for CAM, taxes, and insurance. CVS's strong sales (nearing $10 million annually) and long-term commitment, coupled with the recent upgrades and prime location, make this a compelling investment opportunity. The property is situated in a rapidly growing area of Fulton County, offering excellent potential for long-term appreciation.

Location Insight

City

Roswell

County

Fulton

State

Georgia

Longitude

-84.3383

Latitude

34.0423

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments