1160 Jonesboro RdMcDonough, GA 30253

Property Details for 1160 Jonesboro Rd

Lot size

1.83 AC

Zone code

C3

Property type

Commercial land

APN

073-01044000

APU

7301044000

Description

Exceptional investment opportunity featuring a brand-new, 2,500 square foot Starbucks located at 1160 Jonesboro Rd, McDonough, GA 30253. This single-tenant, net-lease property boasts a 10-year lease commencing August 1, 2024, and expiring July 31, 2034, with built-in rent bumps. The property sits on a 1.02-acre lot in a high-traffic area, experiencing 33,800 vehicles daily on Jonesboro Road, a primary east-west thoroughfare. Its strategic location between Downtown McDonough and Interstate 75 ensures excellent visibility and accessibility. The property benefits from proximity to major retailers including Target, Home Depot, Sam's Club, and more, attracting a substantial customer base. With a strong demographic profile, including 99,992 residents within a five-mile radius and an average annual household income exceeding $101,610, this investment offers significant potential for long-term growth. The property features a 6.00% cap rate and a net operating income (NOI) of $172,500, with an asking price of $2,875,000. The tenant, Starbucks Corporation, is investment-grade rated and provides a corporate guarantee, mitigating risk. This is a 1031 exchange eligible property.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $22,277,200

  Retail / Commercial

  $11,146,300

  Mixed-Use / Specialty

  $10,888,000

  Hospitality / Lodging

  $7,703,620

  Office

  $10,595,700

  Institutional / Educational

  $11,241,000

  Residential Income

  $13,152,000

  Multifamily

  $16,985,400

  Automotive / Energy

  $9,635,140

  Parking / Income-Based Land

  $3,540,900

  Restaurant / Food Service

  $5,196,490

  Healthcare / Senior Housing

  $11,389,500

Location Insight

City

Mcdonough

County

Henry

State

Georgia

Latitude

33.46

Longitude

-84.1946

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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