For Sale
$3,000,000

3565 Ga-20Conyers, GA 30013

26,000 SF Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 26,000-square-foot retail center in Conyers, Georgia presents a compelling value-add investment opportunity. Situated on a 3.09-acre lot at 3565 GA-20, zip code 30013, this single-story, 1988-built property boasts 11 units within a single building, currently operating at 85% occupancy. The property features a diverse tenant mix, primarily under short-term, below-market net leases, offering significant upside potential. The current Net Operating Income (NOI) stands at $241,568, yielding an 8.05% cap rate. However, a pro-forma analysis projects a substantial increase in NOI to $300,000, resulting in a 10% cap rate, achievable through lease conversions to triple-net (NNN) leases, market rent adjustments, lease term extensions, and filling existing vacancies. The property's prime location provides excellent access and visibility, situated near Interstate-20. The asking price is $3,000,000. The property is zoned for commercial use and has a Rockdale County APN of 049001021F. This is a rare chance to acquire a well-located retail center with substantial potential for immediate and long-term returns. The modified lease structure allows for flexibility and strategic repositioning. This is a prime investment opportunity with strong in-place cash flow and significant value-add potential.

Highlights

  • $3,000,000 asking price for a 26,000 SF retail shopping center in Conyers, GA.
  • 8.05% current cap rate, 10% pro-forma cap rate.
  • $241,568 current NOI, $300,000 pro-forma NOI.
  • Value-add opportunity with below-market rents and short-term leases on most tenants.
  • Excellent location with high visibility near I-20.

Property Details for 3565 Ga-20

Property type
Lifestyle centers, Power centers
Square Feet
26,000 SF
Year Built
1988
Buildings
1
Stories
1
Lot Size (sq. ft)
134,600 SF
Units
11

Location Insight

City
Conyers
County
Rockdale
State
Georgia
Latitude
33.5948243
Longitude
-84.015503
3565 Ga-20, Conyers, Georgia

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3565 Ga-20
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