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Cross Creek Village 141-151 Jonesboro Rd 7,200 SF 67% Leased Retail Building McDonough, GA 30253 $2,110,000 ($293.06/SF) 6.88% Cap Rate
Investment Highlights
- Upside opportunity with 10 current tenants and 3 vacant spaces ready to be leased - 2 buildings totaling 16,800 SF.
- The parking lot was recently resealed and restriped.
- Strong retail area with nearby retailers such as Kroger, Goodwill, Starbucks, Chase Bank, Walgreens, and more.
- Total roof replacement in 2025 at a cost of $62,500 with a 10 year warranty
- Positioned along Jonesboro Road, a well-traveled corridor with strong connectivity to nearby residential and retail - 34,000 cars passing per day
- Ideal for investors seeking stable cash flow with upside, and long-term growth potential in a suburban Atlanta market
Executive Summary
Cross Creek Village is a two building retail shopping center located on the highly traveled Jonesboro Road in McDonough, Georgia. This continues to be one of the fastest growing Atlanta submarket. The property is positioned along a well-established commercial corridor, offering visibility, accessibility, and proximity to surrounding residential neighborhoods and retail development.
The asset benefits from its location within a strong and expanding trade area, supported by increasing population and household growth. With convenient access to nearby thoroughfares and continued development throughout Henry County, Cross Creek Village is well-positioned to support long-term tenant demand and provide a compelling opportunity for investors seeking stability and future growth.
The asset benefits from its location within a strong and expanding trade area, supported by increasing population and household growth. With convenient access to nearby thoroughfares and continued development throughout Henry County, Cross Creek Village is well-positioned to support long-term tenant demand and provide a compelling opportunity for investors seeking stability and future growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,200 SF
Building Class
B
Year Built
2000
Price
$2,110,000
Price Per SF
$293.06
Cap Rate
6.88%
NOI
$145,110
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.01 AC
Zoning
C1 - Retail and commercial
Parking
30 Spaces (4.46 Spaces per 1,000 SF Leased)
Frontage
189’ on Jonesboro Rd
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Endcap space available
1,200 sq/ft office/retail space formerly home to a tax and accounting professional.
| Space | Size | Space Use | Position | Available |
| 141 | 1,200 SF | Retail | End Cap | Now |
| 143 | 1,200 SF | Office/Retail | - | Now |
141
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
143
| Size |
| 1,200 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
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Map
141
| Size | 1,200 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Endcap space available
143
| Size | 1,200 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
1,200 sq/ft office/retail space formerly home to a tax and accounting professional.
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0092-01-029-002 | Improvements Assessment | $182,306 |
| Land Assessment | $117,694 | Total Assessment | $300,000 |
Property Taxes
Parcel Number
0092-01-029-002
Land Assessment
$117,694
Improvements Assessment
$182,306
Total Assessment
$300,000
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
