1879 Stone Mountain Lithonia Rd
Lithonia, GA
Shopping Center for Sale - $925,000 - 7,680 Sq. Ft. on 1.13 acres
Property Info
| CIMLS# | 858420 |
| Location 1879 Stone Mountain Lithonia Rd Lithonia GA 30058 | |
| Updated | January 22nd, 2017 |
| Type | Shopping Center |
| Price | $925,000 |
| Building | 7,680 Sq. Ft. |
| Land | 1.13 acres |
Property Description
Stoneview Shopping Center is an eight-unit shopping center that is 100% leased at an average rate of $15.17 per square foot. There are long-term leases in place, averaging 4+ years in length. The property is located on the south side of Stone Mountain Lithonia Road, in the Lithonia area of unincorporated DeKalb County. Based on net operating income (NOI) of $84,443, the property is offered at a 9.13% capitalization rate.
Location Description:
The property fronts the south side of Stone Mountain Lithonia Road in the Lithonia area of unincorporated DeKalb County, Georgia.
Highlights:
>> 100% occupancy with long-term leases averaging 4+ years in length
>> Ample parking of 4.2 spaces per 1,000 sq ft
>> Great visibility from Stone-Mountain Lithonia Road
>> Handi-cap access
>> Short walk to Marta bus stop
Financials
Sales Info:
>> Cap rate: 9.13%
>> NOI: $84443