Property Listing No Longer Available for Sale

5045 Memorial Drive, Stone Mountain, GA

Retail for Sale - $990,000 - 19,306 Sq. Ft. on 22 acres


Property Info

CIMLS#474333
Location
  5045 Memorial Drive
  Stone Mountain GA 30083
UpdatedAugust 6th, 2012
TypeRetail
Price$990,000
Building19,306 Sq. Ft.
Land22 acres

Property Description

Bull Realty is pleased to exclusively present for sale College Village, a +/- 19,306 sq ft, 100% leased retail strip center located less than 10 miles east of downtown Atlanta on busy Memorial Drive in Stone Mountain (DeKalb County), GA.

The previous owner of College Village had his loan of $1,800,000 foreclosed on in March 2011. The property is now fully stabilized by a mix of complimentary local tenants who have recently executed leases at below market rates.

College Village is situated on a primary east-west thoroughfare for DeKalb and Gwinnett County that carries over 40,000 vehicles a day. The 5-Mile average household income is $65,000 and population is over 260,000. The property is located in a strong retail corridor that includes: Publix, Office Depot, Save a Lot, Dollar Tree, Auto Zone, IHOP, Family Dollar, & Taco Bell. College Village offers an investor the opportunity to acquire a well located, attractively priced, fully stabilized, retail center in good condition in a core market for an attractive 15% cap rate or $51 psf. The current,


Financials



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