Listed by Sands Investment Group, Sands Investment Group - FTL
$1,159,948
Atlanta Metro Plaza - Morrow, GA
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 7,500
Cap Rate 7.75%
NOI $89,900
Occupancy 100%
Tenancy Multi
Price per SqFt $155
Year Built 1978
Acreage 0.460
Ground Lease No
Atlanta Metro Plaza | 7.75% CAP | Value-Add Asset | Below-Market Rent
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 7,500 SF Atlanta Metro Plaza located at 1297 Mount Zion Rd in Morrow, GA. This investment features a below-market rental rate in one tenant space, creating significant mark-to-market upside potential. The current in-place rent is approximately $6.44/SF, substantially below comparable area asking rents of approximately $12-15/SF, offering investors a strong value-add opportunity with the potential for increased future cash flow and long-term income growth.
Investment highlights
- Below market rental rate in one tenant space provides meaningful mark-to-market upside, with current rent at approximately $6.44/SF versus comparable area asking rents of approximately $12-15/SF.
- 100% leased with 3 distinct revenue streams, optic retail (For Eyes), commercial/flex space (McK50), and billboard (Clear Channel), with a weighted average remaining lease term of 4+ years and a diversified tenancy profile with limited concentration risk.
- For Eyes has operated continuously at its Morrow location since 1993, representing more than 30 years of successful retail history.
- Located approximately 13 miles southeast of Atlanta and 13 miles south of Hartsfield–Jackson Atlanta International Airport, the world’s busiest airport, the property benefits from exceptional regional connectivity, workforce accessibility, and sustained commercial and distribution activity.
- Surrounding national retailers include Costco, The Home Depot, Target, Best Buy, Walmart, Publix, TJ Maxx, and PetSmart.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group - FTL
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,900.00
$7,491.67/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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