3110 Washington Rd, East Point, GA
Retail for Sale - $3,200,000


Property Info
CIMLS# | 844572 |
Location 3110 Washington Rd East Point GA 30344 | |
Updated | April 10th, 2016 |
Type | Retail |
Price | $3,200,000 |
Property Description
Bull Realty is pleased to offer the unique opportunity to acquire the fee simple interest for Washington Plaza, a Piggly Wiggly and Family Dollar anchored retail center located in East Point (Atlanta) Georgia. This investment opportunity is an approx 57,690 sq. feet neighborhood shopping area. This well located, 87.5% leased, neighborhood retail center is anchored by Piggly Wiggly and Family Dollar which constitutes 63% of the GLA. Piggly Wiggly has below market rents and is owned by an independent operator with 7 yrs at the present location. Family Dollar was recently moved to a completely updated store within the center. The remaining center is a combination of national (Subway & Pizza Hut) and local tenants. The center is located on a primary thoroughfare in East Point. This investment property offers significant upside potential with a 12% vacancy factor, underutilized space and below market rents.<br />
<br />
View Full Listing: <a href="http://realestate.oodle.com/j_a2xx_/4081328482-22907u1097,25-0F2BE7D5FDE3/realestate.oodle.com___7rMLN0BF2WFkawkqbThWfsD0uw2YdD0g1fZNJIf3zN_PwCa6hEnn0bsPBtvHMaY5GGSIZtwEZhRt0Qw4OuzzMP-cI8-Pb79NHUSF1eYmyLDk5J0AGqLUgxLVO0tjS7bvdVxzs8mxiK0," rel="nofollow">here</a>