1516 Southlake PkwyMorrow, GA 30260

Property Details for 1516 Southlake Pkwy

Year built

1987

Lot size

6.46 AC

Property size (Sq ft)

76,142 SF

Zone code

C

Property type

Retail properties

Property subtype

Outlet malls

APN

12-111A- B-009

APU

12111AB009

Description

Southlake Festival offers 139,264 square feet of prime retail space in Clayton County. This high-performing power center boasts a coveted location adjacent to Southlake Mall, providing exceptional visibility and accessibility from I-75, a major thoroughfare with over 200,000 vehicles passing daily. The center features eight suites, ranging from a minimum of 784 square feet to a maximum contiguous space of 10,708 square feet. Currently, 26,068 square feet are available for lease. Strong anchors such as Burlington and TJ Maxx ensure a robust and desirable tenant mix. Multiple access points along South Lake Parkway/Mt. Zion Road and direct access from Jonesboro Road provide convenient ingress and egress. The property benefits from an unmatched demographic profile, with nearly 200,000 residents within a 5-mile radius, exhibiting continuously growing blue-collar incomes. This translates to significant foot traffic and a strong consumer base. Two former restaurant spaces are also available, presenting unique opportunities for food and beverage establishments. This exceptional location and strong tenant base make Southlake Festival an ideal investment opportunity for discerning businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $14,236,664

  6.5%

  $13,141,536

  7%

  $12,202,855

• Comparable approach

  Method

  Valuation

  Relative Method

  $37,427,692

  Geo Method

  $37,427,692

• Alternative Use

  Use

  Valuation

  Residential

  $11,085,377

  Hospitality

  $10,154,146

  Educational

  $8,448,130

  Medical

  $8,738,675

  Retail

  $13,141,536

Location Insight

City

Morrow

County

Clayton

State

Georgia

Latitude

33.575

Longitude

-84.34

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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