2361 Dekalb Medical PkwyLithonia, GA 30058

Property Details for 2361 Dekalb Medical Pkwy

Year built

2005

Lot size

2.19 AC

Property size (Sq ft)

8,708 SF

Zone code

C1

Property type

Retail space

APN

16 089 04 003

APU

1608904003

Description

This 1,213 square foot retail space is available for lease within The Shops @ Aldi, located at the highly visible intersection of Covington Hwy and Dekalb Medical Pkwy in Lithonia, Georgia. Boasting a prominent location with approximately 35,200 AADT, this property benefits from exceptional street visibility and high traffic counts. The Shops @ Aldi is anchored by Aldi and is surrounded by other major national retailers including Kroger, Walgreens, Family Dollar, and AutoZone, ensuring a strong customer base. The property's strategic location is further enhanced by its proximity to Emory Hillandale Hospital and Dekalb Medical at Hillandale, approximately half a mile away. The surrounding area is experiencing rapid growth and is densely populated with residential communities, providing a consistent flow of potential customers. The total building size is 8,500 square feet, with multiple tenancies. This space offers a 3-7 year lease term at a triple net (NNN) rental rate of $24.50 per square foot per year. The lease rate excludes utilities, property expenses, and building services. This is an exceptional opportunity for businesses seeking high visibility and a strong customer base in a thriving retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,750,422

  6.5%

  $2,538,851

  7%

  $2,357,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,280,428

  Geo Method

  $4,280,428

• Alternative Use

  Use

  Valuation

  Residential

  $2,141,616

  Hospitality

  $1,961,709

  Educational

  $1,632,118

  Medical

  $1,688,250

  Retail

  $2,538,851

Location Insight

City

Lithonia

County

Dekalb

State

Georgia

Latitude

33.7191

Longitude

-84.1465

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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