Tara BlvdJonesboro, GA 30236

Property Details for Tara Blvd

Year built

1996

Lot size

1.15 AC

Property size (Sq ft)

12,600 SF

Property type

Other retail properties

Property subtype

Retail properties

Description

This exceptional investment opportunity presents a fully established, high-volume retail center in Jonesboro, GA. The property boasts a substantial 12,600 square feet of space, strategically situated on a 1.15-acre lot with 147 feet of prominent road frontage. The property includes a well-established adult novelty store operating for over two decades, complemented by a thriving tattoo parlor and smoke shop, all operating within the main building. This unique combination generates a significant net operating income (NOI) of $1,110,620, translating to an attractive 30% capitalization rate. The sale includes the real estate, existing inventory, and all three established businesses. The clean and well-maintained building offers ample space, including several offices, bathrooms, and warehouse storage. Additional value-added opportunities exist, such as the potential development of a game machine room. This prime location in a rapidly growing area ensures continued high traffic and strong potential for future growth. The property is offered at $3,650,000. A non-disclosure agreement (NDA) is required before providing the full address and detailed due diligence materials.

Location Insight

City

Jonesboro

County

Clayton

State

Georgia

Latitude

33.5863

Longitude

-84.3824

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