Listed by Skyline Seven Real Estate
$2,990,000
Stoneway Plaza
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 22,800
Cap Rate 7.50%
NOI $223,211
Occupancy 100%
Tenancy Multi
Brand/Tenant Hounds Town, Stoneway Urgent Care
Lease Type NNN
Price per SqFt $131
Broker Co-Op Yes
Class C
Year Built 1985
Stories 1
Acreage 3.000
Zoning C2
Investment Type Stabilized
Retail | 7.50% CAP | 22,800 SF
Marketing description
The subject property is a commercial asset located at 1363 Iris Drive SE in Conyers, Georgia, within the growing Rockdale County submarket of Metro Atlanta. The property includes existing buildings and improvements, offering flexibility for immediate occupancy, repositioning, or long-term investment.
Strategically positioned along a well-traveled corridor, the property benefits from proximity to established residential neighborhoods and surrounding retail development, supporting steady consumer demand. Offered at $2,990,000, the asset presents an attractive opportunity for investors or owner-users seeking to capitalize on the continued growth of the Conyers market.
Investment highlights
- 100% Leased- 22,800 square foot shopping center situated on 3 - acre lot with ample parking
- Upside potential - average base rent under $13 PSF
- Anchored by Bella Vista a grocery store and Mexican restaurant with over 1,400 google reviews and a high rating of 4.7 stars
- Established internet resistant tenants
- Excellent visibility to I-20 along Iris Drive, a well-traveled local corridor with strong connectivity to surrounding residential neighborhoods and retail nodes.
- Located between the newly developed power center anchored by Floor & Decor, Academy Sports & Outdoors, and Northern Tool and a brand new hotel, ECHO Suites Extended Stay by Wyndham
- Over 92,000 residents within a 5-mile radius, projected to exceed 111,000, with average household incomes approaching $100,000+, supporting strong retail demand.
Listing Contacts
Listed by Skyline Seven Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$223,211.00
$18,600.92/mo
Valuation Metrics
0
DSCR
7.47%
Cap Rate
7.47%
ROI
Map
Zoning
GV-UV PlannedGateway Village Urban Village Subarea
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View all 138 uses Last updated Feb 2, 2026 For deeper zoning details, reports are available at Zoneomics
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