2361 Dekalb Medical PkwyLithonia, GA 30058
- Retail properties
- 8,708 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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