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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

This exceptional investment opportunity is a two-tenant retail center located in the prime Atlanta suburb of Alpharetta. The 6,498 square foot building is situated on 0.91 acres as an outparcel to Mansell Crossing, a 250,000+ square foot power center anchored by retailers such as Burlington, TJ Maxx, Macy's Furniture, REI, HomeGoods, and more.
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

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,498 SF
Building Class
B
Year Built
1993
Price
$5,282,112 CAD
Price Per SF
$812.88 CAD
Cap Rate
6.50%
NOI
$343,319 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
13.87 AC
Zoning
OI - Office Institutional
Parking
72 Spaces (11.08 Spaces per 1,000 SF Leased)
Frontage
411’ on North Point Pky

AMENITIES

  • Bus Line
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • 99,999 SF
  • -
  • -

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.

  • Information
  • 99,999 SF
  • -
  • -

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
Retailer 99,999 SF - -
Information 99,999 SF - -

NEARBY MAJOR RETAILERS

Benihana
P.F. Chang's
Chili's Grill & Bar
Cooper's Hawk Winery & Restaurants
Jason's Deli
Waffle House
Pappadeaux Seafood Kitchen
WW
Five Guys
Miller's Ale House

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 12-2500-0655-022-8
  • 12-2500-0655-029-3
Land Assessment
$4,380,701 CAD
Improvements Assessment
$3,853,381 CAD
Total Assessment
$8,234,081 CAD
  • Listing ID: 34435408

  • Date on Market: 2025-01-10

  • Last Updated:

  • Address: 7601 North Point Pky, Alpharetta, GA 30022

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