Listed by Crye Leike Alpharetta
$2,245,897
1240-1254 Highway 138 SW, Riverdale
Details
APN 13200B B055
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 10,020
Units 7
Cap Rate 7.75%
Occupancy 90%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Pro-Forma NOI $174,058
Broker Co-Op Yes
Class A
Year Built 2002
Buildings 1
Stories 1
Acreage 1.380
Zoning C-3
Parking Spaces 54 spaces
Parking per 1,000 SqFt 5.39
Investment Type Value Add
Tenant Credit Corporate Guarantee
Lakeridge Village Plaza, Riverdale
Marketing description
Property consist of a Retail Strip Shopping Center containing approximately 10,020 square feet of space, consisting of retail restaurant, office space, tax office and nail salon situated in Lakeridge Village Shopping Center. The Shopping Center is situated on 1.38 acres and has ample parking with terrific road visibility and easy ingress/egress with front entrance off of Highway 138. Lakeridge Village is a development in the direct path of growth adjacent to a residential Land Development with Area of 12.96 acres . This prime high location has 26,107 cars passing daily with excellent signage and visibility.
Investment highlights
- Zoned C-3
- Excellent Street Exposure
- Stable Traffic Count (26,107cars per day)
- Easy ingress/egress
- 54 Parking Spaces with area for additional parking
- Great for Investment or Business!
Listing Contacts
Listed by Crye Leike Alpharetta
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