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31707658
31707657

10459 Tara Blvd, Jonesboro, GA 30236

EB
GA 437965
Skyline Seven Real Estate
EK
GA 299687
Skyline Seven Real Estate
Listed by Skyline Seven Real Estate
$2,040,000
62 days on market
Updated 15 days ago

Stratford at Lovejoy Village

Details
APN 06094 095016
Property Type Retail
Sub Type Shopping Center
Square Footage 11,100
Units 8
Cap Rate 7.00%
NOI $142,648
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $184
Broker Co-Op Yes
Year Built 2005
Buildings 1
Stories 1
Zoning GB - General Business District
Ground Lease No

Kroger Shadow Center | $2,040,000 | Jonesboro (Atlanta MSA), GA | Upside Potential

Marketing description

Stratford at Lovejoy Village is an 11,100-square-foot unanchored Kroger shadow retail center located along Tara Boulevard in Jonesboro, Georgia, within the Atlanta MSA. The property features a diversified mix of service, restaurant, beauty, and entertainment tenants that generate consistent daily traffic and are largely resistant to e-commerce disruption. Positioned within the Kroger-anchored Lovejoy Village retail node, the center benefits from over 1.3 million annual visits and is surrounded by national retailers and neighborhood-serving businesses that drive steady consumer activity throughout the corridor.

The property is positioned along Tara Boulevard, a primary retail corridor with traffic counts exceeding 47,000 vehicles per day. Most in-place rents are below current market levels, offering investors the opportunity to capture rental upside over time. Additionally, all leases include contractual rent increases, providing built-in income growth for future ownership. Stratford at Lovejoy Village offers investors the opportunity to acquire a well-located neighborhood retail asset supported by strong surrounding demographics, with population projected to exceed 111,000 residents within a five-mile radius and average household income expected to surpass $101,000 within five years.

Investment highlights

  • Stratford at Lovejoy Village is an 11,100-square-foot unanchored Kroger shadow retail center located along Tara Boulevard in Jonesboro, Georgia within the Atlanta MSA
  • The property features a diversified mix of service, restaurant, beauty, and entertainment tenants that generate consistent daily traffic and are largely resistant to e-commerce disruption
  • Positioned within the Kroger-anchored Lovejoy Village retail node, the center benefits from over 1.3 million annual visits and is surrounded by national retailers and neighborhood-serving businesses that drive steady consumer activity throughout the corridor
  • The property is positioned along Tara Boulevard, a primary retail corridor with traffic counts exceeding 47,000 vehicles per day
  • Most in-place rents are below current market levels, offering investors the opportunity to capture rental upside over time
  • All leases include contractual rent increases, providing built-in income growth for future ownership
  • Stratford at Lovejoy Village offers investors the opportunity to acquire a well-located neighborhood retail asset supported by strong surrounding demographics
  • Population is projected to exceed 111,000 residents within a five-mile radius
  • Average household income is expected to surpass $101,000 within five years

Listing Contacts

EB
GA 437965
Skyline Seven Real Estate
EK
GA 299687
Skyline Seven Real Estate
Listed by Skyline Seven Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,648.00
$11,887.33/mo

Valuation Metrics

0
DSCR
6.99%
Cap Rate
6.99%
ROI

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Additional Information

Name
Evan Bauman
License
437965
Brokerage
Skyline Seven Real Estate
Title
Investment Sales | Associate
Brokerage Address
800 Mount Vernon Highway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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