1331 Mount Zion RdMorrow, GA 30260

Property Details for 1331 Mount Zion Rd

Year built

1983

Lot size

6.04 AC

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 65,267 square foot multi-tenant shopping center located at 1331 Mt Zion Rd, Morrow, GA 30260. The property sits on a 6.04-acre lot and boasts a 92.34% occupancy rate with 13 diverse tenants, including national brands like Humana, Lens Crafters, and H&R Block, along with a drive-through ATM. Built in 1983, this center benefits from its prime location within the Mount Zion Retail Corridor, a thriving 3.1 million square foot retail and community destination anchored by Southlake Mall and Highway 54. The Southlake Mall's recent reinvention as a hybrid shopping and community center, coupled with the nearby Morrow Center Special Events Venue and the under-development $117 million Clayton Convocation Center, ensures continued growth and high foot traffic. This asset offers a compelling cap rate of 10%, translating to a strong net operating income. The low price point of $89 per square foot presents a low-risk, high-reward opportunity for investors seeking above-market returns in a rapidly developing area. The diverse tenant mix and relatively small suite sizes minimize risk and maximize potential for future rent increases. This property is being offered via auction.

Location Insight

City

Morrow

County

Clayton

State

Georgia

Latitude

33.5708

Longitude

-84.3465

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