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For Sale - Owner Financing Available Bldg 4 1240-1254 Highway 138 SW 10,000 SF 86% Leased Retail Building Riverdale, GA 30296 $2,296,000 ($229.60/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Shopping Center is in the heart of numerious Residential Sub-Divisions - Hwy 138 Traffic and Easy Access
EXECUTIVE SUMMARY
Property consist of a Retail Strip Shopping Center containing approximately 10,020 square feet of space, consisting of retail restaurant, office space, tax office and nail salon situated in Lakeridge Village Shopping Center. The Shopping Center is situated on 1.38 acres and has ample parking with terrific road visibility and easy ingress/egress with front entrance off of Highway 138. Lakeridge Village is a development in the direct path of growth adjacent to a residential Land Development with Area of 12.96 acres . This prime high location has 26,107 cars passing daily with excellent signage and visibility.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
2002
Price
$2,296,000
Price Per SF
$229.60
Cap Rate
7%
NOI
$160,775
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.38 AC
Zoning
CPUD - Commercial General Retail - Professional Services - Restaurant - Office Space
Parking
54 Spaces (5.4 Spaces per 1,000 SF Leased)
Frontage
216’ on GA-138 Hwy
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1240
- 1,400 SF
- Office/Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 1240 | 1,400 SF | Office/Retail | End Cap | Now |
1240
| Size |
| 1,400 SF |
| Space Use |
| Office/Retail |
| Position |
| End Cap |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-0200B-00B-055 | Improvements Assessment | $278,680 |
| Land Assessment | $68,520 | Total Assessment | $347,200 |
PROPERTY TAXES
Parcel Number
13-0200B-00B-055
Land Assessment
$68,520
Improvements Assessment
$278,680
Total Assessment
$347,200
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For Sale - Owner Financing Available Bldg 4 | 1240-1254 Highway 138 SW
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