CVS (Dark) Prime Corner Backfill Opportunity | Riverdale, GA
Prime Corner for Redevelopment/End-User [Sale or Lease]
Marketing description
SAB Capital is pleased to exclusively present an opportunity to acquire or lease 7055 Old National Highway in Riverdale, Georgia, a 10,125 square foot freestanding retail building situated on 1.24 acres at one of South Atlanta’s most prominent intersections. The property is currently leased to CVS Pharmacy through January 31, 2028, generating an in-place net operating income of $248,714. This short-term income stream provides a buyer or developer with predictable cash flow while formulating and executing a longer-term strategy, whether through re-tenanting, redevelopment, or repositioning.
Constructed in 1997 with reinforced concrete and featuring a new roof installed in 2024, the asset offers durable infrastructure and limited near-term capital exposure. The site is zoned C-1 (Store Building), allowing for a broad range of commercial uses including medical, automotive, restaurant, quick-service, discount retail, or professional services, providing maximum flexibility for both investors and users.
Positioned at the signalized corner of Old National Highway (SR-279) and Bethsaida Road, the property benefits from exceptional visibility, exposure to over 42,000 vehicles per day, and convenient two-way access complemented by 45+ parking spaces. The surrounding trade area is anchored by a strong mix of national retailers including Publix, Walgreens, Family Dollar, AutoZone, McDonald’s, and Dunkin’, which drive consistent daily traffic and reinforce the corridor’s position as a regional retail hub.
Within a three-mile radius, the property serves a dense population of over 55,580 residents with an average household income of $83,183, representing a stable and growing consumer base. The combination of in-place income, excellent visibility, favorable demographics, and flexible zoning makes 7055 Old National Highway a compelling opportunity for both investors seeking short-term yield with long-term upside and end-users pursuing a highly visible, accessible site in a thriving South Atlanta submarket.
Investment highlights
In-Place Income with Flexibility | CVS Pharmacy’s lease remains in place through January 31, 2028, providing nearly two years of passive income while ownership explores redevelopment, re-leasing, or value-add repositioning strategies.
Premier Corner Exposure & Access | Situated on 1.24 acres at the signalized intersection of Old National Highway (SR-279) and Bethsaida Road, the property benefits from two-way access, excellent visibility, and exposure to over 42,000 vehicles per day. The site includes 45+ parking spaces, supporting a wide range of potential retail or service uses.
Dynamic Retail Corridor | Located along one of South Atlanta’s most active commercial thoroughfares, the property is surrounded by national retailers such as Publix, Walgreens, Family Dollar, AutoZone, and McDonald’s, driving consistent daily traffic and consumer demand.
Strong Local Demographics | Within a 3-mile radius, over 55,580 residents earn an average household income of $83,183, providing a strong consumer base for both necessity and discretionary retail.
Repositioning Potential / Adaptive Reuse | Ideal for single-tenant or multi-tenant conversion, medical, auto, quick-service, or discount retail concepts seeking high visibility with short-term carry. The existing building footprint and infrastructure support efficient redevelopment timelines.
Quality Surrounding Tenants & Neighborhood | Surrounded by multiple dense residential neighborhoods and located across from a high-traffic Shell Station and adjacent to a self storage facility
Execution Advantage – Income During Transition | The existing lease term offers cash flow during design, entitlement, and leasing phases, mitigating hold costs and improving capital efficiency while repositioning the asset.
Recent Building Improvements – Roof Replacement | The property's roof was replaced in 2024, reflecting strong investment and thoughtful maintenance under current ownership
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