1825 Rockbridge RdStone Mountain, GA 30087

Property Details for 1825 Rockbridge Rd

Year built

1988

Lot size

14.10 AC

Property size (Sq ft)

68,216 SF

Zone code

C2-GENERAL BUSINESS

Property type

Retail properties

Property subtype

Outlet malls

APN

6-060 -089

APU

6060089

Description

This exceptional Class A, 135,865 square foot shopping center in Stone Mountain, GA (Atlanta MSA) presents a compelling investment opportunity. The property boasts a 94% occupancy rate across 19 tenants in 22 units, anchored by a high-traffic Walmart Supercenter. Built in 1988 with renovations in 2006 and 2020, the three, single-story buildings sit on a 14.1-acre lot with 771 parking spaces. The center features a strong mix of national and regional tenants, including Harbor Freight, Conn's, NCG Cinema, and others, contributing to an attractive weighted average lease term of 6.69 years. Its strategic location at a highly trafficked intersection (over 80,000 vehicles per day) on Rockbridge Rd SW, between US-78 and Stone Mountain Park (4 million annual visitors), provides exceptional visibility and accessibility. The property benefits from strong economic drivers, including a nearby Amazon fulfillment center and a proposed Costco. The C-2 zoning allows for a variety of uses, making this a stable, core investment in a high-growth area of the Atlanta metro area. The property's location within the dominant retail node of Stone Mountain serves a large Gwinnett County trade area, further enhancing its investment potential. This is a rare opportunity to acquire a well-positioned, high-performing retail center with a proven track record of success. The property's APN is R6060 089.

• CAP approach

  CAP return

  Valuation

  6%

  $21,546,026

  6.5%

  $19,888,638

  7%

  $18,468,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $33,531,656

  Geo Method

  $33,531,656

• Alternative Use

  Use

  Valuation

  Residential

  $16,776,811

  Hospitality

  $15,367,468

  Educational

  $12,785,553

  Medical

  $13,225,268

  Retail

  $19,888,638

Location Insight

City

Stone Mountain

County

Gwinnett

State

Georgia

Latitude

33.824

Longitude

-84.1228

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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