Equity Investment Starting At $200,000 Quick Facts:
- Purchase Price: $9,200,000
- Loan to Value: 75%
- Cap Rate: 7.29%
- Projected Cash-on-cash return: 7.02%
- Property Type: Retail
Douglasville Day Centre (“DDC”) is a newly-constructed, strip-retail center located in the Atlanta-metro region of northwest Georgia. DDC is located at a diamond interchange along I-20 which provides great access to the property. DDC is across the street from the main entrance to the Arbor Place Mall, a 1.2-million-sq.-ft. regional mall that opened in 1999. It is the only mall serving the western suburbs of Atlanta and is a huge draw for retail consumers boasting a trade area population of more than 700,000. The average household income within one mile of DDC is over $70,000.
DDC is currently 100% leased. Significant tenants include Starbucks, Verizon, Prudential Georgia Realty, and First Choice Community Bank. Other tenants at the center include McDonalds, Panda Express, Texas Roadhouse, and Carrabba’s Italian Grill.
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