Historical Retail Sale Listing - Atlanta(MSA) | 12% cap + | $4.97M

Retail For Sale

This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Riverdale, GA or Georgia

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

7490 Old National Highway, Riverdale, GA 30296

N/A

69,480 SF | Retail

  • Print

Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
69,480 SF
Property Type:
Retail
Property Sub-type:
Community Center
Property Use Type:
Net Lease Investment with
5 years left on lease
Commission Split:
4%
Cap Rate:
12.15%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
9.66 AC
Listing ID
16573046
Last Updated
over 1 year ago

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.

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

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

  • Demographics – Population, income & other demographics near 7490 Old National Highway
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building