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Marcus & Millichap Sells University Point Retail Center In Kennesaw For $5.5M

Property Image
SOLD
$5,500,000
Eric Abbott
Zachary (Zach) Taylor

Georgia

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Retail12,800 SF
Sold 12/09/2025
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Property Image
SOLD

Marcus & Millichap Sells University Point Retail Center In Kennesaw For $5.5M

1133 Chastain Road

See Similar Deals
Retail12,800 SF
Sold 12/09/2025
Eric Abbott
Zachary (Zach) Taylor
the dealplayerscompscontact
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Summary

GEORGIA
Asset Type:Retail
Price Per Square Foot:$429
Total Square Footage:12,800 SF
Transaction Type:Sale

The asset involved in this closed transaction is a retail center located at 1133 Chastain Road, Kennesaw, GA, with a sale price of $5,500,000. The property spans 12,800 square feet, resulting in a price per square foot of $430.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,500,000
  • Square Footage: 12,800
  • Address: 1133 Chastain Road
  • Market: Kennesaw, GA
  • Brokers: Zachary (Zach) Taylor & Eric Abbott - Marcus & Millichap

The sale was brokered by Marcus & Millichap, and the property is known as University Point, home to tenants including Mellow Mushroom, WingStop, and Insomnia Cookies. The seller was a private Atlanta-based real estate owner, with representation provided by Zach Taylor and Eric Abbott. The identity of the buyer remains undisclosed.

Players

Zachary (Zach) Taylor
Marcus & Millichap
Zachary Taylor
42 deals$355.9M volume(678) 808-2780
BROKER
Eric Abbott
Marcus & Millichap
Eric Abbott
30 deals$169.6M volume(678) 808-2746
BROKER

Details

SOLD
IMAGE: 12/09/2025 ADDRESS: 1133 Chastain Road MARKET: Kennesaw, GA ASSET TYPE: Retail BROKERS: Zachary (Zach) Taylor & Eric Abbott - Marcus & Millichap SALE PRICE: $5,500,000 SF: 12,800 ~ PPSF: $430 NOTE: Marcus & Millichap has brokered the sale of University Point, a 12,800-square-foot retail center on the Kennesaw State University campus in Georgia, home to tenants like Mellow Mushroom, WingStop, and Insomnia Cookies. The seller, a private Atlanta-based real estate owner, was represented by Zach Taylor and Eric Abbott; the buyer’s identity remains undisclosed.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67