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28827109

1297 Mt Zion Rd, Morrow, GA 30260 For Sale

CS
GA 384198
Virtual Properties Realty
Listed by Virtual Properties Realty
$1,228,400
222 days on market
Updated 133 days ago

For Eyes

Details
Property Type Retail
Sub Type Storefront
Square Footage 7,000
Net Rentable (SqFt) 7,000
Cap Rate 7.32%
NOI $89,896
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 11/30/2030
Remaining Term 4.4
Rent Bumps Yes
Lease Options 5 Year Renewal
Price per SqFt $175
Broker Co-Op Yes
Year Built 1978
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.470
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/01/2025
Occupancy Date 01/01/1996
Ownership Fee Simple

Retail | 7.32% CAP | 7,000 SqFt

Marketing description

1. EXECUTIVE SUMMARY

1297 Mt. Zion Road is a stabilized, income-producing retail asset located along one of the busiest commercial corridors in Morrow, Georgia—just minutes from Southlake Mall, major national retailers, and I-75. The property is 100% occupied, with 66% leased to For Eyes, a nationally recognized optical retailer and wholly owned subsidiary of Luxottica, a publicly traded global eyewear conglomerate. The remaining 34% is leased to MCK60 LLC, a diversified Georgia-based holding company with multiple operating businesses.

A recent lease renewal completed in December 2025 affirms For Eyes’ long-term commitment and strong performance at this location. The property also benefits from an additional revenue stream through a billboard lease with Clear Channel, providing passive income supported by another national credit operator.

With its combination of national credit tenancy, a diversified rent roll, recent corporate renewal, and superior location, 1297 Mt. Zion Road represents a secure and stable retail investment opportunity in a high-growth suburban Atlanta submarket.


2. INVESTMENT HIGHLIGHTS

National Credit Tenant – For Eyes (Luxottica Subsidiary)

  • 66% of building leased to For Eyes

  • Backed by Luxottica, a publicly traded global eyewear leader

  • Long tenure at the site with strong store performance

  • Lease renewed in December 2025, indicating ongoing commitment

Stabilized Occupancy / Strong Rent Roll

  • 100% leased

  • For Eyes: 66%

  • MCK60 LLC: 34%

  • Additional passive income via Clear Channel billboard lease

Prime Mt. Zion Road Location

  • Within Morrow’s dominant retail corridor

  • Surrounded by national brands: Walmart, Target, Best Buy, Home Depot, Costco, Southlake Mall

  • Excellent visibility and traffic counts

Low Management Responsibility

  • Simple retail structure

  • Triple-net style responsibilities

  • Stable national and local tenant mix

Attractive Risk-Adjusted Return

  • Combination of corporate tenancy + local operator

  • Predictable cash flow with minimal capital expenditure needs

  • Strong submarket fundamentals

Investment highlights

TENANT OVERVIEW

For Eyes (66% of GLA)

Parent Company: Luxottica Group
Corporate Profile:
Luxottica is the world’s leading vertically integrated eyewear company, responsible for global brands such as Ray-Ban, Oakley, LensCrafters, Sunglass Hut, Pearle Vision, For Eyes, and more. As a publicly traded company with global operations, Luxottica provides exceptional credit strength and long-term stability.

Key Notes:

  • National optical retailer

  • Corporate-guaranteed lease

  • Strong operator history at this location

  • Lease renewed December 2025


MCK60 LLC (34% of GLA)

MCK60 LLC is a diversified holding company with multiple operating businesses across Georgia, including retail, services, and real estate. The company has a strong financial footprint and professional ownership, ensuring stability and proactive maintenance.

Key Notes:

  • Long-term operator

  • Professionally managed

  • Reliable tenant with consistent payment history

  • Enhances rent-roll diversity


Billboard Lease – Clear Channel Outdoor

  • Passive income through a long-standing billboard lease

  • National outdoor advertising company

  • Provides additional stability and supplemental revenue

Listing Contacts

CS
GA 384198
Virtual Properties Realty
Listed by Virtual Properties Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$89,896.00
$7,491.33/mo

Valuation Metrics

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DSCR
7.32%
Cap Rate
7.32%
ROI

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Additional Information

Name
Charan Singh
License
384198
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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