1550 Highway 138Conyers, GA 30013

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 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.

• 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

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