7300 Stonecrest Concourse
Lithonia, GA 30038
100%Leased Retail Cntr For Sale 8% Cap Rate · Retail Property For Sale

Stonecrest Festival is a part of the 1,100 Acre Mixed Use Master Planned Stonecrest Mall Property. Stonecrest Mall is classified as a Super Regional Mall and contains 1.3 Million SF of Retail with 120 stores and is anchored by Sears, Dillard' s, Macy' s, JC Penney and Kohl' s. Also attached to the mall is an AMC Movie Theater location. It services 11,000,000 shoppers per year. There are approximately 450,000 residents within 10 miles of the site. * Stonecrest Market Update: " Per Mall Management as of December 1st, 2016 the overall occupancy at the Mall as per signed deals will be north of 90%. " Mall Sales are up at a record high in 2015 and 2016. Total sales at present are impressive at over $375 psf. " There is over 90,000 SF of current construction being done inside the Mall (building out of the new stores) Recent Announcements within the Mall include the following: - H&M the European apparel retailer just announced it is adding a 21,000 SF store at Stonecrest Mall. - Round One Entertainment from California received County approval for its new 50,000 SF entertainment center now being built. - Victoria' s Secret is opening a new 8,000 SF store. The center is located just off of I-20 at the Turner Hill Road Exit 20 miles east of Atlanta, GA. The mall serves residents from Atlanta to Augusta, Athens and all along the eastern corridor of Georgia.