5950 Hugh Howell Rd 5,200 SF 100% Leased Retail Building Stone Mountain, GA 30087 $1,290,000 ($248.08/SF) 6.37% Cap Rate

Smoke Rise Plaza offers a rare opportunity to acquire a fully leased, income-producing neighborhood retail center in the affluent Smoke Rise community of Tucker, Georgia. Featuring three diverse tenants, including Allstate Insurance and a medical service provider, the property is stabilized with 100% occupancy and absolute NNN leases, providing buyers with a passive investment structure and predictable returns.
Positioned just 0.5 miles from US-78 (Exit 7), the center ensures excellent regional connectivity and quick access to the greater Atlanta metropolitan area. The immediate surroundings include Stone Mountain Park, a premier tourist attraction drawing more than 4 million visitors annually, creating strong recession-resistant traffic. With average household incomes exceeding $184,000 within a 1-mile radius and a median home value of $503,390, the property benefits from robust local demographics.
An attractive value-add element adds long-term investor appeal, as rents remain approximately $3.22/SF below market averages, offering an estimated 23.9% NOI growth once stabilized. Additional features include recent roof replacement (2024) and planned exterior updates. Listed at $1,290,000 with a 6.37% CAP rate, Smoke Rise Plaza presents both steady cash flow and upside potential through rent stabilization and asset appreciation.