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Honey Baked Ham & Verizon 7601 North Point Pky
6,498 SF 100% Leased Retail Building Alpharetta, GA 30022 $5,282,112 CAD ($812.88 CAD/SF) 6.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Two-Tenant retail center situated in Alpharetta, one of Atlanta's most affluent and desired areas with high household income and population growth.
- Verizon is making this a marquee store and doing a $400,000 renovation, showing a commitment to location.
- Plans call for North Point Mall (located just 0.5 mile away from subject property) to be redeveloped into a new mixed-use development
- Fully Leased to to The Honey Baked Ham Co. & Verizon (NYSE: VZ)
- Located just off of GA-400 (Mansell Rd) and nearby to substantial commercial developments of retail, office, hotels, and multi-family.
EXECUTIVE SUMMARY
The building is attractive white brick architecture with ample parking for all customers. The retail market of the immediate and surrounding areas is consistently in demand with steady annual rent growth. The population in a 5-mile radius of the property is nearly 195,000 with an average household income of over $159,000, with projections showing substantial and continued growth.
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
In 1957, when Harry J. Hoenselaar opened the first HoneyBaked store in Detroit, Michigan, like most great companies, he did so because he believed in an idea. An idea that produced what is regarded today as the world's best ham. Using the highest quality bone-in smoked ham, Harry created a special curing and cooking procedure, bringing out a one-of-a-kind taste that can only be described as perfection. With its sweet, crunchy glaze enhancing the flavor of the bone-in gourmet ham, Harry's patented spiral-slicing process made Honey Baked Ham the easy-to-serve centerpiece, becoming an instant staple at holiday dinners, Easter celebrations, and meaningful meals shared and savored by family and friends.
Verizon has work because their customers value their high-quality communications services. They deliver superior customer experiences through their products and their actions. Everything they do, they build on a strong network, systems and process foundation. The quality and reliability of the products they deliver are paramount. Customers pay them to provide them with services that they can rely on. They focus outward on the customer, not inward. They make it easy for customers to do business with them, by listening, anticipating and responding to their needs. They know their products and can explain them to customers. They focus on fundamental execution. They are accountable and they follow through with a sense of urgency. They know that having the highest ethical standards is a competitive advantage.
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | 99,999 SF | - | - | ||
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Information | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $3,853,381 CAD | |
Land Assessment | $4,380,701 CAD | Total Assessment | $8,234,081 CAD |
PROPERTY TAXES
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Honey Baked Ham & Verizon | 7601 North Point Pky
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