2685 Highway 42 North, McDonough GA

Shopping Center for Sale - $776,800

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #960980
Location2685 Highway 42 North
McDonough GA 30253
Last UpdatedOctober 30th, 2017
TypeShopping Center
Price$776,800

Contact


Property Description

The subject is a 9,000 SF multi-tenant building situated on .99 acres of land zoned C-2 in the McDonough/Butts Retail Submarket. The center has about 17,000 cars per day annual average daily traffic along Hwy 42 N.

Location Description:

Property frontage on Hwy 42 N is via a shared curb cut of a right-in-right out access and a raised median to a 4-lane divided highway with turn lanes. The property is visible from a four way signalized intersection with Eagles Landing Parkway one block north, which provides direct access to I-75 about 2.5 miles west of the subject property.

Highlights:

>> 9,000 SF multi-tenant retail strip center

>> Offered at a 8.6% cap rate

>> Situated on 0.99 acres of land zoned C-2

>> Property frontage on Highway 42 N via shared curb cut of a right-in-right-out access

>> Visible from a four-way signalized intersection with Eagles Landing Parkway

>> Easy access to I-75

>> The property is in a high-traffic area with over 17,000 cars per day on Highway 42 North

>> High average household incomes within 3 miles at $83,402

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