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33844230
33844229

109 Harmony Crossing, Eatonton, GA 31024

AG
GA 300836
eXp Realty
Listed by eXp Realty
$2,950,000
16 days on market
Updated 16 days ago

109 Harmony Crossing

Details
Property Type Retail, Office
Sub Type Storefront, Shopping Center (+1)
Square Footage 8,957
Net Rentable (SqFt) 8,957
Units 6
Cap Rate 4.88%
NOI $143,847
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.15%
Pro-Forma NOI $210,999
Broker Co-Op True
Class A
Year Built 2004
Year Renovated 2019
Buildings 1
Stories 1
Acreage 0.210
Zoning C1
Parking Spaces 50 spaces
Parking per 1,000 SqFt 5.58
Investment Type Stabilized
Ground Lease No

Retail | 4.88% CAP (7+% CAP 2027 Proforma) | 8,957 SqFt

Marketing description

Positioned in the heart of the thriving Lake Oconee retail corridor, this exceptional 8,957 SF freestanding building in Harmony Crossing presents a rare opportunity to own in one of Eatonton's most sought-after commercial destinations. Priced at $2.95 million, the property sits at a premier intersection directly across from the new Publix—one of the area's strongest traffic drivers. Building 109 features 5 tenants and is an entire building in the Harmony Crossing shopping center. It offers expansive storefront visibility (6 potential storefronts!) and a great location within Harmony Crossing.

Harmony Crossing is a highly successful and fully occupied shopping center with no current retail vacancies, reflecting the strength and stability of the surrounding market. This offering provides investors or a partial owner-user the chance to secure an entire building in a proven retail environment with consistent consumer activity and strong co-tenancy.

Investment highlights

  • NNN LEASES: All leases are NNN leases and require very little maintenance from the Owner. The building is part of the Villages at Harmony Crossing and all grounds maintenance is managed through the property owners association. This is a rare investment opportunity in a high-demand market where opportunities to own a multi-tenant building in the Lake Oconee area and Harmony Crossing are extremely limited.
  • EXCELLENT CENTRAL LOCATION: Located where the a new roundabout is planned for the Publix/Harmony Crossing intersection off of Highway 44 in Eatonton. The central location in the Lake Oconee area makes it a prime location for retail, restaurant and office professions.
  • GROWING AREA: The Lake Oconee area, including Putnam, Greene and Morgan Counties, is rapidly growing. Over 6,000 residential dwellings are planned in the nearby area. A new Publix shopping center is under construction across the street.
  • TREMENDOUS TOURISM TRAFFIC: Surrounded by Lake Oconee's affluent and growing population, the recreational aspect of Lake Oconee, as well as the golf courses and resort living, the property benefits from steady year-round traffic as well as seasonal influx from visitors and second-homeowners. Its prime visibility, easy access, and strategic location within a dominant retail hub make it ideal for a variety of retail, restaurant, or service-oriented uses.

Listing Contacts

AG
GA 300836
eXp Realty
Listed by eXp Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,847.00
$11,987.25/mo

Valuation Metrics

0
DSCR
4.88%
Cap Rate
4.88%
ROI

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