5561 Memorial Dr Stone Mountain, GA 30083
Stone Mountain retail center, value-add opportunity.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 117,094 SF shopping center in Stone Mountain, GA, available for $5,500,000 ($46.97/SF).
- Fee simple ownership on 13.17 acres, three buildings (two stories), built in 1978, renovated in 1988 and 2014.
- Currently 46.1% occupied, with a $148,968 NOI; value-add opportunity through lease-up and potential outparcel development.
- High-traffic location on Memorial Drive (64,000+ cars daily), excellent visibility and accessibility; 23 units, commercially zoned.
- NNN leases, one tenant, lease expiration February 28, 2026. Offered at a significant discount to replacement cost, cash sale, buyer responsible for zoning approvals.
Property Details for 5561 Memorial Dr
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 117,094 SF
- Year Built/Renovated
- 1978/1988
- Buildings
- 3
- Stories
- 2
- Lot Size (sq. ft)
- 573,772 SF
- Units
- 23
Location Insight
- City
- Stone Mountain
- County
- DeKalb
- State
- Georgia
- Latitude
- 33.7991894
- Longitude
- -84.2111847
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - Stone Mountain retail center, value-add opportunity.
- Where is the lifestyle center located?
- The property is located at 5561 Memorial Dr Stone Mountain, GA.
- What is the asking price?
- The asking price for this property is $5,500,000.
- What are key features of this property?
- This property features: 117,094 SF shopping center in Stone Mountain, GA, available for $5,500,000 ($46.97/SF).; Fee simple ownership on 13.17 acres, three buildings (two stories), built in 1978, renovated in 1988 and 2014.; Currently 46.1% occupied, with a $148,968 NOI; value-add opportunity through lease-up and potential outparcel development.
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