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Atlanta(MSA) | 12% cap + | $4.97M
7490 Old National Highway, Riverdale, GA 30296
69,480 SF | Retail
Retail Property - Off Market
- Gross Leasable Area:
- 69,480 SF
- Property Type:
- Property Sub-type:
- Community Center
- Property Use Type:
- Net Lease Investment with
- 5 years left on lease
- Commission Split:
- Cap Rate:
- Lot Size:
- 9.66 AC
- Listing ID
- Last Updated
- over 1 year ago
Marcus & Millichap exclusively offers for sale this 69,480 square feet 98% leased community shopping center located in Riverdale (Atlanta MSA) about 8 miles from Hartsfield-Jackson International Airport. The center is 100% leased to necessity based retailers and merchants serving over 150,000 populations in a 5-mile radius.
Please submit the confidentiality agreement (link below) to receive the full details about leases, income and expenses for the property.
Offered at 10.74% cap rate on the actual in-place net income is a great opportunity for a savvy investor to enjoy stable income from this 69,480 square feet community shopping center in metro Atlanta.
The center is offered at only $72 a square feet which is substantially below replacement cost.
Located only eight (8) miles from Hartsfiled-Jackson International Airport at the intersection of 2 heavily traveled roads with over 42,000 average daily traffic.
Although not part of the sale the two outparcels of the center are occupied by Bank of America and McDonald's.
Map of 7490 Old National Highway, Riverdale, GA 30296 (Clayton County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P