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SPALDING VILLAGE 1424 N Express Way

222,107 SF 96% Leased Retail Building Griffin, GA 30223 For Sale

Investment Highlights

  • National anchors – Hobby Lobby, Ross Dress For Less, Goodwill, Bargain Hunt and Ollie’s Bargain Outlet – comprise over 73% of the Total GLA
  • Strategic location within the Griffin retail market along highly-trafficked (US-19/US-41/ GA-3)
  • Extensive Recent Capital Improvements Limits Buyer Exposure – Including a new roof installed over Hobby Lobby in early 2024 and parking area sealcoat
  • Located on the south side of the Atlanta, GA MSA The Capital of the Southeast, which is home to a multifaceted, thriving economy
  • Part of the retail center of gravity for the city of Griffin and surrounding communities, with a Walmart Supercenter (shadow anchor)
  • Solid, recent leasing momentum in 2023 and 2024 off of which an incoming Buyer can continue to build – Including Miracle Ear and Grinville Dental

Executive Summary

Broker of Record
Bill Pedersen
License No. 80041 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
222,107 SF
Building Class
B
Year Built
1990
NOI
£1,334,427
Percent Leased
96%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.23
Land Acres
22.41 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
PCD - Planned Commercial Development
Parking
400 Spaces (1.8 Spaces per 1,000 SF Leased)
Frontage
258 ft on Atlanta Rd

Amenities

  • Dedicated Turn Lane
  • Signalised Intersection

Links

1 of 1

PROPERTY TAXES

Parcel Number 065-05-033 Improvements Assessment £5,623,260
Land Assessment £1,414,519 Total Assessment £7,037,780

PROPERTY TAXES

Parcel Number
065-05-033
Land Assessment
£1,414,519
Improvements Assessment
£5,623,260
Total Assessment
£7,037,780
(312) 847-5437

  • Listing ID: 33551177

  • Date on Market: 17/10/2024

  • Last Updated:

  • Address: 1424 N Express Way, Griffin, GA 30223

The Retail Property at 1424 N Express Way, Griffin, GA 30223 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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