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Hairston Commons 414 N Hairston Rd 15,000 SF 90% Leased Retail Building Stone Mountain, GA 30083 $2,300,000 ($153.33/SF) 6.10% Cap Rate
Investment Highlights
- 15,000 SF building with 13 units on 1.84 acres
- High traffic Intersection
- Large Parking Lot
- Monument Sign
- New Roof in July 2021
Executive Summary
Introducing an exceptional retail strip center investment opportunity in Stone Mountain, GA: 414 N Hairston Rd. This impressive property features a 15,000 SF building housing 13 units on 1.84 acres, built in 1988 and currently boasting a 90%+ occupancy rate. Zoned Neighborhood Shopping (NS), this prime location offers 50 parking spaces, a prominent monument sign, and benefits from a well positioned signalized intersection with traffic counts of 29,000 on N Hairston, and 16,600 on Rockbridge (GDOT). There is two entry points for easy ingress and egress. The estimated NOI is $140,334 with one current vacancy. Reach out to Jacob Bower or Derek Creviston to learn more, and feel free to check out the attached documents for more information as well.
Location Description
Located at the intersection of Rockbridge Road and 414 North Hairston Road, this property is only 2.5 miles away from Stone Mountain. Its right across the street from the Rockbridge Crossing Shopping Center and an Advance Auto Parts. North Hairston road sees about 29,000 cars a day, and Rockbridge road sees about 16,600 at this intersection, according to GDOT. The site has two easy and accessibly points of ingress and egress.
Location Description
Located at the intersection of Rockbridge Road and 414 North Hairston Road, this property is only 2.5 miles away from Stone Mountain. Its right across the street from the Rockbridge Crossing Shopping Center and an Advance Auto Parts. North Hairston road sees about 29,000 cars a day, and Rockbridge road sees about 16,600 at this intersection, according to GDOT. The site has two easy and accessibly points of ingress and egress.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$148,615
|
$9.91
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $148,615 |
| Annual Per SF | $9.91 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,000 SF
Building Class
C
Year Built
1988
Price
$2,300,000
Price Per SF
$153.33
Cap Rate
6.10%
NOI
$140,334
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.84 AC
Zoning
NS, County - a type of zoning that governs permitted land uses, building heights, and property density
Parking
50 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- All Vacuum Sales & Service
- Retailer
- -
- -
- -
- -
- Davis Insurance
- Finance and Insurance
- -
- -
- -
- -
- Ing Hairston
- Information
- -
- -
- -
- -
- Nail Expert
- Services
- -
- -
- -
- -
- Quality Care Cleaners
- Services
- -
- -
- -
- -
-
- Finance and Insurance
- -
- -
- -
- -
State Farm is a mutual insurance organization and one of the largest providers of property, casualty, and automobile insurance in the United States. Founded in 1922, the company operates as State Farm Mutual Automobile Insurance Company and a group of affiliated mutual insurance entities. State Farm offers a broad range of insurance products including auto, homeowners, renters, life, health, and commercial insurance, as well as banking and investment services.
- Stylish Dominican Hair Salon
- Services
- -
- $10.35
- Triple Net
- Dec 2010
- Upper Cuts Barber Shop
- Services
- -
- -
- -
- -
- Z Package Store
- Retailer
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| All Vacuum Sales & Service | Retailer | - | - | - | - | |
| Davis Insurance | Finance and Insurance | - | - | - | - | |
| Ing Hairston | Information | - | - | - | - | |
| Nail Expert | Services | - | - | - | - | |
| Quality Care Cleaners | Services | - | - | - | - | |
|
|
Finance and Insurance | - | - | - | - | |
| Stylish Dominican Hair Salon | Services | - | $10.35 | Triple Net | Dec 2010 | |
| Upper Cuts Barber Shop | Services | - | - | - | - | |
| Z Package Store | Retailer | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-040-02-007 | Improvements Assessment | $801,960 (2025) |
| Land Assessment | $192,000 (2025) | Total Assessment | $993,960 (2025) |
Property Taxes
Parcel Number
18-040-02-007
Land Assessment
$192,000 (2025)
Improvements Assessment
$801,960 (2025)
Total Assessment
$993,960 (2025)
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Hairston Commons | 414 N Hairston Rd
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