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1638 Hwy 138 SE
Jonesboro, GA 30236
Dollar Tree · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Walgreens Corporate Guaranteed Lease | Tenant has Gone Dark but has ~ 4 Years Remaining on their Lease & is Paying Rent Till the End of the Term
  • Located at the Signalized, Hard Corner Intersection of Walt Stephens Rd & Stockbridge Rd w/ 23,800 VPD
  • 2 Miles West of Clayton County Int'l Water Park | Close Proximity to ALDI, Kroger, Advance Auto Parts, Dollar General, CVS, Family Dollar and More
  • NN Lease | Landlord Responsible for Roof & Structure | Ideal Investment for an Out-Of-State, Passive Investor | Drive-Thru Equipped
  • Directly Across from the On/Off Ramps for State Hwy 138 (16,800 VPD) | Excellent Visibility & Access w/ Significant Amounts of Street/Hwy Frontage
  • 5-Mile Trade Area is Supported by More than 174,000 Residents & Over 45,000 Employees (AHHI $60,800) | Part of Atlanta MSA

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
11,340 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.73 AC
Zoning
Regional Mixed Use
Parking
66 Spaces (5.82 Spaces per 1,000 SF Leased)
Frontage
225’ on Ga-138 Hwy

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signalized Intersection
  • Drive Thru

ABOUT 1638 HWY 138 SE , JONESBORO, GA 30236

The Walgreens property is strategically located at the signalized, hard corner intersection of Walt Stephens Road and Stockbridge Road, and directly across from the on/off ramps for State Highway 138. The asset is also just 2 miles west of the Clayton County International Park, a major attraction for the city of Jonesboro providing a direct consumer base to draw from. Moreover, the site is in close proximity to nearby national/credit tenants that include ALDI, Kroger, Advance Auto Parts, Dollar General, CVS Pharmacy, Family Dollar, and more, further increasing consumer draw the subject property. Walgreens is poised to serve the dense adjacent residential neighborhoods and communities. Jonesboro is the county seat of Clayton County, whose largest employers are Delta Air Lines, Fresh Express, Clayton State University, Clayton County Government, J.C. Penney Co., The JWI Group, and the Southern Regional Medical Center. The 5-mile trade area is supported by a population of over 174,000 residents with an average household income of $60,800.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-0018B-00B-005
Land Assessment
$151,160
Improvements Assessment
$627,680
Total Assessment
$778,840
  • Listing ID: 13426196

  • Date on Market: 8/8/2018

  • Last Updated:

  • Address: 1638 Hwy 138 SE, Jonesboro, GA 30236

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