7056 Highway 85, Riverdale, GA
Retail for Sale - $495,000 - 5,200 Sq. Ft. on 23086 acres
Property Info
CIMLS# | 761892 |
Location 7056 Highway 85 Riverdale GA 30274 | |
Updated | April 15th, 2015 |
Type | Retail |
Price | $495,000 |
Building | 5,200 Sq. Ft. |
Land | 23086 acres |
Property Description
This 5,200 square foot freestanding retail investment has 75% of the space occupied by 2 tenants for 8 to over 10 years. The three rental units are a 1,300 square foot restaurant occupied for 10 years by a Mo-Jo's wings franchise, a 2,600 square foot 3 bay auto repair shop occupied by the same business operator for 8 years and a 1,300 square foot Mexican restaurant leased in 2013.
The gross leases deliver a stable income, with the landlord repairs limited to roof and parking lot.
Location Description:
Located in Riverdale on Highway 85 at Lamar Hutcheson Parkway with a daily traffic count of 38,000+ vehicles on 113 feet of frontage, the property is a 0.52 acre out parcel of the Shops at Riverdale anchored by Super Walmart, and featuring national chains: GNC, Sally Beauty, Rent a Center and Simply Fashion.
Highlights:
>> 100% leased freestanding multi-tenant retail
>> Super Walmart out parcel
>> Great visibility on 4 lane Highway 85
>> 38,000+ traffic count/82,000+ pop. 3 mile
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Financials
Sales Info:
>> Commision split: 7.0%