For Sale
Call for price

1331 Mount Zion RdMorrow, GA 30260

High-yield retail center, 13 tenants, 92% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 65,267 square foot multi-tenant shopping center located at 1331 Mt Zion Rd, Morrow, GA 30260. The property sits on a 6.04-acre lot and boasts a 92.34% occupancy rate with 13 diverse tenants, including national brands like Humana, Lens Crafters, and H&R Block, along with a drive-through ATM. Built in 1983, this center benefits from its prime location within the Mount Zion Retail Corridor, a thriving 3.1 million square foot retail and community destination anchored by Southlake Mall and Highway 54. The Southlake Mall's recent reinvention as a hybrid shopping and community center, coupled with the nearby Morrow Center Special Events Venue and the under-development $117 million Clayton Convocation Center, ensures continued growth and high foot traffic. This asset offers a compelling cap rate of 10%, translating to a strong net operating income. The low price point of $89 per square foot presents a low-risk, high-reward opportunity for investors seeking above-market returns in a rapidly developing area. The diverse tenant mix and relatively small suite sizes minimize risk and maximize potential for future rent increases. This property is being offered via auction.

Highlights

  • 13-tenant, 65,267 square foot shopping center in Morrow, GA, on a 6.04-acre lot.
  • 92.34% occupancy with a diverse tenant mix including national and local brands.
  • 10% cap rate offering above-market returns.
  • $1.4M opening bid at auction; $89/SF price point.
  • Located in a high-traffic retail corridor near Southlake Mall and a major highway.
  • Property benefits from the ongoing revitalization of the Southlake Mall area and nearby community developments.

Property Details for 1331 Mount Zion Rd

Property type
Lifestyle centers, Power centers
Year Built
1983
Lot Size (sq. ft)
263,102 SF

Location Insight

City
Morrow
County
Clayton
State
Georgia
Latitude
33.570829379687
Longitude
-84.346534973531
1331 Mount Zion Rd, Morrow, Georgia

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1331 Mount Zion Rd
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