2361 Dekalb Medical PkwyLithonia, GA 30058

  • Retail properties
  • 8,708 SF
For Lease
$25/SF/YR View listing

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
2361 Dekalb Medical Pkwy, Lithonia, Georgia

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

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
2024
$40,423
$174,240
$728,480
$902,720
-
$435,600
$1,821,200
$2,256,800

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