For Sale
$4,439,000

1550 Highway 138Conyers, GA 30013

High-yield shopping center, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 8,752-square-foot shopping center in Conyers, Georgia, presents a compelling investment opportunity. Boasting a 6.60% cap rate and 100% occupancy, the property features a diverse mix of four national tenants: T-Mobile, Sleep Number, Five Guys, and Jersey Mike's. Corporate tenants account for a substantial 87% of the income stream, ensuring stability and predictable returns. Constructed in 2016, the single-story building showcases high-quality brick construction and is situated on a 1.24-acre lot with ample parking (100 spaces). Located at 1550 Hwy 138 SE in Conyers (zip code 30013), this retail center benefits from its prime location in a high-traffic area, experiencing over 44,300 vehicles per day. The property enjoys high visibility and shared stoplight access with a newly constructed Chick-fil-A, further enhancing its appeal. The surrounding area boasts a strong daytime population of over 50,000 within a three-mile radius, making this a truly exceptional retail investment in the Atlanta MSA. The asking price is $4,439,000, translating to a price per square foot of $507.20. This stabilized investment offers a rare opportunity to acquire a well-performing, multi-tenant retail property in a thriving market. Conyers is the county seat of Rockdale County.

Highlights

  • 8,752 SF multi-tenant retail center in the Atlanta MSA.
  • 2016 construction, high-quality brick building.
  • Four tenants, 100 parking spaces.
  • National, service-oriented retail tenants.
  • T-Mobile, Five Guys, and Sleep Number anchor tenants.
  • Corporate tenants comprise 87% of the income stream.

Property Details for 1550 Highway 138

Property type
Lifestyle centers, Power centers
Square Feet
8,752 SF
Year Built
2016
Buildings
1
Stories
1
Lot Size (sq. ft)
54,014 SF
Units
4

Location Insight

City
Conyers
County
Rockdale
State
Georgia
Latitude
33.6488368
Longitude
-84.0102863
1550 Highway 138, Conyers, Georgia

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1550 Highway 138
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