1525 E Park Place Blvd
Stone Mountain, GA 30087
Park Place Square Shopping Center - 9% CAP · Retail Property For Sale

Park Place Square Shopping Center is an excellent opportunity for a buyer to acquire a 92% leased retail center in one of the growing northeastern suburbs of Atlanta. The property, built in 1987, is over 28,000 square feet and is leased to 16 tenants. These tenants include a mix of local tenants and strong national tenants, including Subway, which is leased through 2022 and has been at this location since 2007, and Wing Stop, leased through 2023. Louie's Sports Bar & Grill recently signed a lease for the largest suite, 6,200 square feet, through 2024. Louie's Sports Bar & Grill is a restaurant native to Atlanta which has been in operation since 1982 under the brand Dugan's. In addition, the recently vacated suite at 1,200 square feet provides potential upside to investors. Park Place Square is positioned on a 5 acre lot, which is located in an area heavily populated with retail, restaurants, gas stations, banks, a movie theater, fitness centers and more. The shopping center benefits from its location in a heavily populated and growing suburb of Atlanta. Amazon recently announced they are building a large fulfillment center across Hwy 78, where there is now a new hotel development just got announced with more to come. This is very good for the area.