5370 Stone Mountain HwyStone Mountain, GA 30087

Property Details for 5370 Stone Mountain Hwy

Year built

1994

Lot size

38.64 AC

Property size (Sq ft)

121,180 SF

Zone code

C2-GENERAL BUSINESS

Property type

Retail properties

Property subtype

Community centers

APN

6-061 -023

APU

6061023

Description

Stone Mountain Square Shopping Center presents a unique investment opportunity in Gwinnett County's thriving Stone Mountain submarket. This Class A, 335,016 square foot shopping center, built in 1991, sits on a substantial 36.29-acre lot and boasts six single-story buildings with a total of 48 suites. Currently, 58,604 square feet of space is available, with individual units ranging from 2,540 to 34,751 square feet, offering flexibility for various retail, restaurant, or special purpose tenants. The center enjoys a prime location next to an Amazon Fulfillment Center and is conveniently situated approximately 30 miles east of Atlanta, neighboring Stone Mountain National Park. This strategic location benefits from high visibility and accessibility, with a daily traffic count exceeding 51,000 vehicles on Stone Mountain Highway. The center's strong national tenant lineup includes Marshalls, Big Lots, Ross Dress for Less, Bealls Outlet, Five Below, and American Freight Furniture, attracting a significant customer base. The area's demographics are compelling, with over 150,000 people residing within a 5-mile radius. Property taxes are $0.32 per square foot. The maximum contiguous space available is 20,200 square feet. This exceptional property offers a rare chance to acquire a well-established, high-traffic retail center in a rapidly growing area. Cross Street is Rockbridge Road.

• CAP approach

  CAP return

  Valuation

  6%

  $38,274,704

  6.5%

  $35,330,496

  7%

  $32,806,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $59,566,176

  Geo Method

  $59,566,176

• Alternative Use

  Use

  Valuation

  Residential

  $29,802,596

  Hospitality

  $27,299,018

  Educational

  $22,712,462

  Medical

  $23,493,580

  Retail

  $35,330,496

Location Insight

City

Stone Mountain

County

Gwinnett

State

Georgia

Latitude

33.8204

Longitude

-84.1157

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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