For Sale
$2,027,000

1296 Ga-138Riverdale, GA 30296

High-yield retail center, Atlanta MSA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 11,340 square foot shopping center in Riverdale, Georgia, located at 1296 GA-138, zip code 30296. The property, built in 2008, sits on a 1.96-acre lot and boasts a 100% occupancy rate with a strong tenant mix, including Little Caesars. The multi-tenant building features eight units and offers a current Net Operating Income (NOI) of $145,854, with a pro-forma NOI of $147,962, resulting in a 7.20% cap rate and a pro-forma cap rate of 7.30%. The asking price is $2,027,000, representing a fee simple ownership. The property benefits from high visibility on Highway 138, experiencing over 26,500 average daily traffic. Its strategic location provides easy access and is situated within a thriving area with a population exceeding 180,000 within a five-mile radius and within two miles of the Atlanta airport. The zoning is GB. The current lease terms for the tenants average seven years remaining. This turnkey investment offers stable cash flow and significant potential for future growth, making it an attractive opportunity for investors seeking a below-replacement-cost asset in a high-traffic location. The property is meticulously managed and offers ample parking. The majority of tenants have occupied the space since the building's construction in 2008.

Highlights

  • Strong, stable cash flow.
  • 2-acre parcel on Highway 138 with over 26,000 VPD.
  • Two miles from Hartsfield-Jackson Atlanta International Airport.
  • 5-mile radius boasts a population exceeding 180,000.
  • High visibility and excellent access.
  • Tenant base serves the surrounding community.

Property Details for 1296 Ga-138

Property type
Lifestyle centers, Power centers
Square Feet
11,340 SF
Year Built
2008
Lot Size (sq. ft)
85,378 SF
Units
8

Location Insight

City
Riverdale
County
Clayton
State
Georgia
Latitude
33.5498984
Longitude
-84.4325686
1296 Ga-138, Riverdale, Georgia

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1296 Ga-138
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