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Shopping Center 8.5% Cap Rate (Atlanta MSA) 4140 Jonesboro Rd 87,767 SF 100% Leased Retail Building Forest Park, GA 30297 $4,925,000 ($56.11/SF) 8.50% Cap Rate
Investment Highlights
- Multi-Tenant Shopping Center
- Atlanta MSA
- Service Tenants | E-Commerce Resistant
- High Traffic Counts 23,362± Vehicles Per Day
- Granularity of Income
- High Yield 8.5% Going in Cap-Rate
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
87,767 SF
Building Class
C
Year Built/Renovated
1973/2005
Price
$4,925,000
Price Per SF
$56.11
Cap Rate
8.50%
NOI
$418,625
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
8.90 AC
Opportunity Zone
Yes
Zoning
GP, Forest Park - Retail
Parking
515 Spaces (5.85 Spaces per 1,000 SF Leased)
Frontage
352’ on Jonesboro Rd
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Wheelchair Accessible
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 13-0015D-00C-007 | Improvements Assessment | $612,000 |
| Land Assessment | $339,320 | Total Assessment | $951,320 |
Property Taxes
Parcel Number
13-0015D-00C-007
Land Assessment
$339,320
Improvements Assessment
$612,000
Total Assessment
$951,320
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Shopping Center 8.5% Cap Rate (Atlanta MSA) | 4140 Jonesboro Rd