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108 E May St, Winder, GA, 30680 - Strip Center

Property price: $0,000,000 + Closing costs
*2% Commission

sold3
Deal offer : 8% preferred after that even split with pacific for a total of 12.1%

Franklin Street is pleased to present Winder Strip Center, a 10,425-square-foot retail center located in Winder, Georgia. The city of Winder is located in Barrow County, 50 miles west of Atlanta and 20 west of Athens, home of the University of Georgia (34,816 students). The property is strategically positioned at the signalized intersection of East May Street and South Williamson Street, along the main commercial-retail corridor for Winder. The property provides good frontage and excellent visibility along East May Street, giving it maximum exposure to the main commercial artery in Winder. The center was developed in 2006 and has been well maintained. The property also has multiple points of egress and ingress, giving consumers easy access to all of its merchants.
Winder Strip Center offers a strong mix of national and local retailers to attract customers to the center. National tenants include Firehouse Subs, Cartridge World, Farmer’s Insurance, and First American Title. The property offers staggered lease rollovers and a vacant unit to allow a new investor upside in leasing the remaining space. The area has seen steady population growth which should continue with the Atlanta MSA population growth.
  • Status: For sale
  • Year Built: 2006
  • Building size: 10,425sqft
  • Lot size: 1.35Acres (58,806,0- sqft)
  • Tenants: 7
  • Financial details

  • Monthly Rent: $9,066
  • Annual Gross Rent: $108,793
  • Real estate taxes: $10,649
  • Insurance: $3,420
  • Utilities: $5,600
  • Repairs & maintanence: $6,605
  • Lot sweeping: $1,000
  • Pest control: $1,200
  • Landscaping: $1,500
  • Video monitoring: $250
  • Fire protection: $500
  • Cleaning services: $850
  • Waste removal: $560
  • Management fee: $7,232
  • Administrative: $3,000
  • Reserves/Replacement: $1,555
  • Vacancy: $9,000
  • Total Annual Expenses: $52,921
  • Net Yearly Income: $127,872
  • Net Annual Return: 8.00%
  • Financial Expenses

  • 70% Loan To Property Price: $1,116,500
  • Equity: $478,500
  • Expected Interest: 5% fixed for 25 years
  • Monthly Return: $6,526.95
  • Annual Return: $78,323.40
  • Annual Interest Return: $52,822.92
  • Annual Principal Return: $25,500.47
  • Net Income After Financing Expenses: $49,548.6
  • Net Income After Financing Expense and Principal Return: $75,049.07
  • Total Annual Return: 15.68%
Pacific Holdings
Real Estate Investments
(800) 403-3407
PACIFIC HOLDINGS | LOS ANGELES
6300 Wilshire Blvd #970
Los Angeles, CA 90048
invest@pacificholdingsgroup.com
Direct: (800) 403-3407
Fax-877-282-8028