559 Jonesboro RdMcdonough, GA 30253

Property Details for 559 Jonesboro Rd

Year built

2004

Construction

STEEL FRAME

Lot size

1.37 AC

Property size (Sq ft)

12,030 SF

Zone code

PD

Property type

Super regional malls

APN

091-01021004

APU

9101021004

Description

This exceptional 14,607 square foot shopping center, Magnolia Village, presents a lucrative investment opportunity in McDonough, Georgia's rapidly expanding market. Situated on a 1.37-acre lot, this strategically located property enjoys high visibility nestled amongst three busy shopping plazas and a residential area, ensuring a consistent flow of customers. Built in 2004, the center boasts a strong tenant roster with 100% occupancy and long-term leases, providing immediate cash flow. The current annual income totals $191,038, reflecting a compelling 8.4% Pro Forma cap rate. All leases are modified gross, simplifying management. Two tenants are poised to extend their leases for an additional three years, commencing June 2025, with a 6% annual rent increase. The property's recent upgrades include a newly resurfaced parking lot, showcasing meticulous maintenance. Beyond the existing income stream, additional revenue opportunities exist, including the potential for an ATM and an Amazon Hub. This turnkey investment offers a blend of stability and growth potential, making it an ideal acquisition for discerning investors seeking a high-performing commercial asset in a thriving location. The property's prime location and strong tenant base ensure a consistent and reliable income stream, making it a compelling addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $2,249,312

  6.5%

  $2,076,288

  7%

  $1,927,981

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,913,361

  Geo Method

  $5,913,361

• Alternative Use

  Use

  Valuation

  Residential

  $1,751,426

  Hospitality

  $1,604,297

  Educational

  $1,334,756

  Medical

  $1,380,660

  Retail

  $2,076,288

Location Insight

City

Mcdonough

County

Henry

State

Georgia

Latitude

33.4577

Longitude

-84.176

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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