This property is Off-Market

7490 Old National Highway
Riverdale, GA 30296 ·

69,480 SF · Retail For Sale

N/A

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Atlanta(MSA) | 12% cap + | $4.97M

Price N/A Commission Split 4%
Gross Leasable Area 69,480 SF Cap Rate 12.15%
Property Type Retail Occupancy 100%
Property Sub-type Community Center Tenancy Multiple
Property Use Type Net Lease Investment with 5 years left on lease Lot Size 9.66 AC
Listing ID: 16573046 Date Created: 02/15/2010 Last Updated: 03/16/2012

Description

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.

Research

7490 Old National Highway, Riverdale, GA 30296 (Clayton County)

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