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5295 Stone Mountain Hwy Stone Mountain, GA 30087

LA Fitness-anchored retail center, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A, 83,291 square foot shopping center presents a compelling value-add investment opportunity. Located in Stone Mountain, Georgia, within the Atlanta MSA, this multi-tenant property boasts a strong anchor tenant: LA Fitness, occupying 45,000 square feet and attracting over 300,000 visitors annually. The center also features a mix of national and regional tenants including Total by Verizon, Hair Clippers, Republic Finance, and Athlete's Foot. Built in 1983 and renovated in 2012 (with the addition of LA Fitness), the property currently enjoys an 89% occupancy rate. Strategically situated at the signalized intersection of Stone Mountain Highway (GA 78) and East Park Place Boulevard, this prime location benefits from high traffic volume (43,568 AADT) and a strong demographic profile, with an average household income of $116,000 and a median household income of $74,704. The property is offered free and clear of existing debt, and approximately 9,240 square feet of available space provides immediate upside potential. Its proximity to Interstate 285 and Stone Mountain Park (attracting over 4 million visitors annually) further enhances its desirability. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving market. The property's strong tenant mix, high occupancy, and significant upside potential make it an ideal investment for discerning buyers.

Highlights

  • LA Fitness, a national tenant with a B1 Moody's rating, has occupied the space since 2013.
  • LA Fitness boasts over 300,000 visitors annually, demonstrating strong tenant performance.
  • 9,240 square feet of readily available space offers significant upside potential.
  • The property exhibits consistent growth, with a 3.7% three-year and 2.8% five-year compound annual growth rate (CAGR).
  • Strategically located on Stone Mountain Highway (GA 78), a major retail thoroughfare with 43,568 average annual daily traffic (AADT).
  • The property serves a desirable demographic with an average household income of $116,000 and a median household income of $74,704.

Property Details for 5295 Stone Mountain Hwy

Property type
Lifestyle centers, Power centers
Square Feet
83,291 SF
Class
A
Year Built/Renovated
1983/2012
Buildings
2

Location Insight

City
Stone Mountain
County
Gwinnett
State
Georgia
Latitude
33.823190074277
Longitude
-84.113942989743

FAQs

What type of property is this?
Lifestyle center - LA Fitness-anchored retail center, high occupancy.
Where is the lifestyle center located?
The property is located at 5295 Stone Mountain Hwy Stone Mountain, GA.
What are key features of this property?
This property features: LA Fitness, a national tenant with a B1 Moody's rating, has occupied the space since 2013.; LA Fitness boasts over 300,000 visitors annually, demonstrating strong tenant performance.; 9,240 square feet of readily available space offers significant upside potential.
How can I contact the broker?
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5295 Stone Mountain Hwy
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