Aspen Dental and Mattress Firm

Highlights:

• MATTRESS FIRM (NYSE: SGI) | ASPEN DENTAL: 1,100+ LOCATIONS | 100% LEASED PAD BUILDING
• DOMINANT RETAIL CORRIDOR | STRONG CONSUMER DRAW /ADJACENT TO ARBOR PLACE MALL - LARGEST SHOPPING MALL IN WESTERN GEORGIA
• 62% OF GLA WITH UNDER MARKET RENT | NO OPTIONS | 8.41% CAP RATE AT MARKET RENT
• ORIGINAL TENANTS | EXERCISED MULTIPLE LEASE RENEWALS | 12 YEAR HISTORICAL OCCUPANCY
• EXCELLENT ACCESS & VISIBILITY TO INTERSTATE 20 | ADDED BENEFIT OF POLE SIGN VISIBILITY
• EASE OF MANAGEMENT | TWO NNN LEASES | PRIDE OF OWNERSHIP INVESTMENT

Description:

BROKER OF RECORD.... NOVAK & ASSOCIATES, INC...License No. 6506

8.41% CAP RATE AT MARKET RENT | NO OPTION TO RENEW FOR TENANT WITH BELOW MARKET RENT
2 TENANT OUTPARCEL PAD TO THRIVING REGIONAL MALL | 12+ YR HISTORICAL OCCUPANCIES

Faris Lee Investments is pleased to present the unique opportunity to acquire the fee simple interest (land & building) in a dual tenant pad servicing the Atlanta suburb of Douglasville, GA. The tenants, Mattress Firm (NYSE: SGI) (2,300+ locations in 49 states) and Aspen Dental (1,100+ locations in 46) are industry leading tenants in their respective categories, providing an investor stable income from two nationally recognized tenants. Additionally, the tenants are under NNN leases, providing an investor ease of management with the tenants being responsible for taxes, insurance and common area maintenance expenses.
Mattress Firm and Aspen Dental are strategically positioned within the heart of Douglasville’s primary retail corridor near the signalized, hard corner intersection of Douglas Boulevard and Chapel Hill Road (49,500 VPD) adjacent to the on/off ramp to Interstate 20 (101,000 VPD). The Property benefits from its strong positioning adjacent to national retailers including Target, Ross, Marshalls, Michaels, McDonald’s, Starbucks and many others creating synergistic cross over traffic. The Property further prospers from being located directly across from the 1.2M square foot Arbor Place Regional Mall, increasing consumer draw to the immediate area. Furthermore, the property prospers from over 96,000 consumers with an average annual household income in excess of $94,000 within a 5-mile radius.

Douglasville, Georgia, is a thriving city situated approximately 20-30 minutes west of Atlanta, offering a desirable blend of suburban tranquility and convenient access to a major metropolitan area. Known for its strong sense of community and friendly atmosphere, Douglasville provides residents with a high quality of life, characterized by safe neighborhoods, well-regarded public schools, and a variety of recreational and cultural amenities. The city’s historic downtown, listed on the National Register of Historic Places, exudes charm with local shops and restaurants, while community events, farmers’ markets, and seasonal festivals contribute to a vibrant local vibe. Douglasville is a diverse city that balances its “old charm” with “new growth,” making it an appealing place for families and young professionals seeking a laid-back suburban lifestyle with easy commutes to city opportunities.
The local economy in Douglasville is robust and growing, attracting significant investment and major employers such as Amazon, Google, Medline Industries, and the American Red Cross. The city’s business-friendly environment supports diverse industries including data centers, logistics, retail, and professional services. A notable development poised to further boost the local economy is the Lionsgate Studio project, a $200 million full-service entertainment complex expected to bring approximately 3,000 new jobs to Douglas County. Beyond economic opportunities, Douglasville offers abundant green spaces and attractions, including Sweetwater Creek State Park with its hiking trails and historic mill ruins, Hunter Park, and Arbor Place Mall, West Georgia’s largest shopping center. The city’s strategic location, coupled with its ongoing development and steady population growth, positions Douglasville as an attractive destination for both residents and businesses looking for a thriving and sustainable community.