1550 Highway 138Conyers, GA 30013
- Retail properties
- 8,460 SF
Property Details for 1550 Highway 138
- Year built
- 2016
- Construction
- WOOD
- Lot size
- 1.58 AC
- Property size (Sq ft)
- 8,460 SF
- Zone code
- GVUV
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 075-0-01-0076
- APU
- 750010076
Description
This exceptional 8,752-square-foot shopping center in Conyers, Georgia, presents a compelling investment opportunity. Boasting a 6.60% cap rate and 100% occupancy, the property features a diverse mix of four national tenants: T-Mobile, Sleep Number, Five Guys, and Jersey Mike's. Corporate tenants account for a substantial 87% of the income stream, ensuring stability and predictable returns. Constructed in 2016, the single-story building showcases high-quality brick construction and is situated on a 1.24-acre lot with ample parking (100 spaces). Located at 1550 Hwy 138 SE in Conyers (zip code 30013), this retail center benefits from its prime location in a high-traffic area, experiencing over 44,300 vehicles per day. The property enjoys high visibility and shared stoplight access with a newly constructed Chick-fil-A, further enhancing its appeal. The surrounding area boasts a strong daytime population of over 50,000 within a three-mile radius, making this a truly exceptional retail investment in the Atlanta MSA. The asking price is $4,439,000, translating to a price per square foot of $507.20. This stabilized investment offers a rare opportunity to acquire a well-performing, multi-tenant retail property in a thriving market. Conyers is the county seat of Rockdale County.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,672,091
- 6.5%
- $2,466,546
- 7%
- $2,290,364
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,158,523
- Geo Method
- $4,158,523
-
Alternative Use
- Use
- Valuation
- Residential
- $2,080,624
- Hospitality
- $1,905,840
- Educational
- $1,585,636
- Medical
- $1,640,169
- Retail
- $2,466,546
Location Insight
- City
- Conyers
- County
- Rockdale
- State
- Georgia
- Latitude
- 33.6485
- Longitude
- -84.0106
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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