For Sale
$4,600,000

6525 Tara BlvdJonesboro, GA 30236

High-yield retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add opportunity presents a 120,439 square foot shopping center in Jonesboro, Georgia. Located on an 8.1-acre site at 6525 Tara Blvd, this Class B property boasts a 100% occupancy rate, generating a strong NOI of $332,618 (pro-forma NOI of $335,780), and a 7.23% cap rate (pro-forma 7.30%). The property features a mix of tenants, including a credit-rated CSL Plasma, which occupies a significant portion of the space under a 15-year lease with annual rent increases. The center also includes a 135-booth discount mall, contributing to the overall income stream. Built in 1963, the single-story building benefits from excellent visibility and accessibility, situated on Tara Blvd, a major thoroughfare with over 54,000 vehicles per day, and in close proximity to I-75 (over 141,000 VPD). The property's strategic location within Clayton County, one of Georgia's fastest-growing counties, and its proximity to downtown Atlanta (12 miles) and Southern Regional Medical Center, positions it for continued success. The South Atlanta retail market, with over 37.5 million square feet, shows a low average vacancy rate of 5%, and submarket rent rates for comparable properties are $15.65 NNN. This investment offers a compelling combination of strong cash flow, significant upside potential, and a prime location within a thriving market. The asking price is $4,600,000, translating to a price per square foot of $38.19.

Highlights

  • 120,439 SF retail shopping center on an 8.1-acre site in Jonesboro, GA.
  • 100% occupied, generating a pro-forma NOI of $335,780 and a 7.30% cap rate.
  • Anchored by a 135-booth discount mall and CSL Plasma, a credit tenant with a 15-year lease including annual rent increases.
  • Located on Tara Blvd, a major thoroughfare with over 54,000 VPD, near I-75 (141,000 VPD) and Southern Regional Medical Center.
  • Strong South Atlanta retail market with low vacancy (5%) and submarket rent rates of $15.65 NNN.

Property Details for 6525 Tara Blvd

Property type
Lifestyle centers, Power centers
Square Feet
120,439 SF
Class
B
Year Built
1963
Buildings
1
Stories
1
Lot Size (sq. ft)
352,836 SF
Units
3

Location Insight

City
Jonesboro
County
Clayton
State
Georgia
Latitude
33.576307092699
Longitude
-84.373973522215
6525 Tara Blvd, Jonesboro, Georgia

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6525 Tara Blvd
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