For Sale
$3,170,071

122 Morningside DrCartersville, GA 30121

High-yield, 2-tenant shopping center

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 6,343 square foot, fee-simple retail property in Cartersville, Georgia. Built in 2018, the property boasts a 7.00% cap rate and a strong NOI of $221,905. Currently 100% occupied by a Peachtree Immediate Care and a Stanton Optical, both credit-rated tenants with corporate guarantees, offering significant financial stability. The leases are NNN, with both tenants enjoying 2% annual rent increases throughout the initial lease term and option periods, providing inflation protection. Situated on a 0.87-acre lot zoned C3, this property benefits from high visibility and accessibility, enjoying 32,800 vehicles per day on a nearby roadway. Its prime location in a dense retail corridor, near Target, Publix, Kroger, and other major retailers, ensures consistent traffic and customer flow. The property's proximity to Cartersville High School (1,500+ students) and downtown Cartersville further enhances its appeal. The surrounding area boasts a population of 47,486 within a five-mile radius, creating a robust customer base. This is a rare opportunity to acquire a well-positioned, high-performing retail investment in a thriving market. The property features two units, and the tenants have a combined lease term exceeding 9 years.

Highlights

  • 100% occupancy with Peachtree Immediate Care and Stanton Optical.
  • Strong, creditworthy tenants with extensive portfolios (Peachtree Immediate Care: 60+ locations; Stanton Optical Franchisee: 30+ locations).
  • Built-in inflation hedge with 2% annual rent increases throughout the initial lease term and option periods.
  • High visibility and accessibility with 32,800 vehicles per day on Joe Frank Harris Pkwy.
  • Prime location near Main Street Shopping Center, anchored by Target, Publix, Belk, TJ Maxx, and Ulta.
  • Across from Cartersville High School (1,500+ students).

Property Details for 122 Morningside Dr

Property type
Lifestyle centers, Power centers
Square Feet
6,343 SF
Year Built
2018
Lot Size (sq. ft)
37,897 SF
Units
2

Location Insight

City
Cartersville
County
Bartow
State
Georgia
Latitude
34.1706307
Longitude
-84.7868765
122 Morningside Dr, Cartersville, Georgia

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122 Morningside Dr
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