1550 Highway 138Conyers, GA 30013

  • Retail properties
  • 8,460 SF
For Sale
$4,439,000 View listing

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
1550 Highway 138, Conyers, Georgia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,796
$198,200
$536,640
$734,840
-
$495,500
$1,341,600
$1,837,100

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