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Investment Highlights

  • Stable 94.96% occupancy.
  • 20 acres strategically located on Old National Highway at the convergence of I - 85 and 285 - Unreplaceable location near airport.
  • 8% cap rate on existing income.
  • Opportunity to increase NOI by growing the current below market rates.
  • 20 acres of underlying land has a value equal to or above list price.

Executive Summary

STABLE INCOME TODAY:GROWTH TOMORROW
Multi-tenant retail shopping center strategically located along Old National Highway and the convergence of Interstate 85 and 285. Exceptional visibility, accessibility and exposure in one of south metro Atlanta's most active commercial corridors. Property is 94.96% occupied allowing an investor to receive a strong initial return of an 8% cap rate. The stategic location of the center located at the airport has a land value equal to or greater than the list price.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
160,836 SF
Building Class
B
Year Built/Renovated
1998/2010
Price
$10,100,000
Price Per SF
$62.80
Cap Rate
8%
NOI
$808,000
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
20.45 AC
Zoning
C2 - Retail and commercial
Parking
1,023 Spaces (6.36 Spaces per 1,000 SF Leased)
Frontage
880’ on Old National Hwy

Amenities

  • 24 Hour Access
  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Monument Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Aalish Andarbar
  • Accommodation and Food Services
  • -
  • $25.00
  • Triple Net
  • Oct 2030
  • Airport Athletic Club
  • Arts, Entertainment, and Recreation
  • -
  • $10.00
  • Triple Net
  • Feb 2031
  • ATL Stations Sports Bar
  • Accommodation and Food Services
  • -
  • $20.00
  • Triple Net
  • Sep 2029
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Central Station Sports Restaurant has used the Central Station Sports Cafe name since at least 2019, reflecting a hospitality concept built around casual dining and social gatherings. The business functions as a sports bar and restaurant in College Park, Georgia, with food service, drinks, live music, and pool tables. The operation offers a menu with delivery and takeout options, reinforcing a neighborhood food-and-entertainment model. The business centers on game-day viewing and event-oriented service rather than a traditional full-service dining format.

  • Arts, Entertainment, and Recreation
  • -
  • -
  • Triple Net
  • Oct 2028

The Southeast's Premier Basketball Training Facility. "Against All Odds. Invincible. With Good Energy and Buckets for All"

  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • -

Jamerican Bar & Grill is a Caribbean-inspired bar and grill that combines Jamaican and American flavors with a casual dining and nightlife setting. The restaurant serves dishes such as jerk chicken, oxtail, curry goat, burgers, wings, seafood, sides, desserts, and drinks across food, bar service, and takeout. Jamerican Bar & Grill operates in the College Park area of Georgia and offers a mix of restaurant and lounge-style settings within the broader hospitality industry.

  • Knockouts Bar & Lounge
  • Accommodation and Food Services
  • -
  • -
  • -
  • Oct 2025
  • Retailer
  • -
  • -
  • -
  • -

M&S Menswear Outlet is a longstanding menswear retailer in College Park, Georgia, with an online shop and a physical storefront. The company sells suits, clergy fashion, hats, shoes, shirts, pants, ties, blazers, and casual wear, reflecting a clear focus on apparel and footwear for formal and everyday use. Its market presence combines local retail service with web-based shopping, giving the business a straightforward outlet model centered on men's clothing and accessories. The business operates across the clothing, men's clothing, outlet, and shoe store categories, reinforcing a multi-category menswear focus.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Savannah Event Center operates as an all-purpose event hall in College Park, Georgia, serving private celebrations and business gatherings. The company focuses on weddings, anniversaries, birthday parties, meetings, and conferences, with a flexible venue setup that includes a breakout room and parking for guests. Savannah Event Center has been managed by hospitality professionals with backgrounds at Hilton and Marriott, shaping the business around event hosting and guest services for the broader Atlanta area.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Zab-E-Lee began in College Park as a restaurant built around bringing Indian and Thai food together in one kitchen, with an emphasis on fresh cooking and meals prepared daily. The company serves Thai and Indian cuisine and includes dishes such as curries, pad thai, tandoori dishes, stir-fries, noodles, rice plates, and boba drinks. Zab-E-Lee also offers pickup and delivery, reservations, and catering for corporate events, private parties, weddings, and similar gatherings.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Aalish Andarbar Accommodation and Food Services - $25.00 Triple Net Oct 2030
Airport Athletic Club Arts, Entertainment, and Recreation - $10.00 Triple Net Feb 2031
ATL Stations Sports Bar Accommodation and Food Services - $20.00 Triple Net Sep 2029
Accommodation and Food Services - - - -
Arts, Entertainment, and Recreation - - Triple Net Oct 2028
Accommodation and Food Services - - Triple Net -
Knockouts Bar & Lounge Accommodation and Food Services - - - Oct 2025
Retailer - - - -
Accommodation and Food Services - - - -
Accommodation and Food Services - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 4817
  • 8,100 SF
  • Retail
  • In-Line
  • Now
  • 4825
  • 1,600 SF
  • Retail
  • In-Line
  • 90 Days
  • 4855B
  • 15,000 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
4817 8,100 SF Retail In-Line Now
4825 1,600 SF Retail In-Line 90 Days
4855B 15,000 SF Retail In-Line Now

4817

Size
8,100 SF
Space Use
Retail
Position
In-Line
Available
Now

4825

Size
1,600 SF
Space Use
Retail
Position
In-Line
Available
90 Days

4855B

Size
15,000 SF
Space Use
Retail
Position
In-Line
Available
Now
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Nearby Major Retailers

Champs Chicken
Waffle House
Bank of America
Krystal
Checkers
Piccadilly

Property Taxes

Property Taxes

Parcel Number
13-0061-LL-182-6
Land Assessment
$1,171,400
Improvements Assessment
$1,506,840
Total Assessment
$2,678,240
  • Listing ID: 40142998

  • Date on Market: 4/14/2026

  • Last Updated:

  • Address: 4827-4903 Old National Hwy, College Park, GA 30337

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