Property Listing No Longer Available for Sale

2685 Highway 42 North, McDonough, GA

Shopping Center for Sale - $750,000 - 9,000 Sq. Ft. on 0.99 acres


Property Info

CIMLS#960980
Location
  2685 Highway 42 North
  McDonough GA 30253
UpdatedJanuary 17th, 2018
TypeShopping Center
Price$750,000
Building9,000 Sq. Ft.
Land0.99 acres

Property Description

The subject is a 9,000 SF multi-tenant building situated on 0.99 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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Financials