4977 Memorial Drive, Stone Mountain, GA
Retail for Sale - $339,000 - 1,768 Sq. Ft. on 0.5 acres
Property Info
CIMLS# | 969954 |
Location 4977 Memorial Drive Stone Mountain GA 30083 | |
Updated | February 8th, 2018 |
Type | Retail |
Price | $339,000 |
Building | 1,768 Sq. Ft. |
Land | 0.5 acres |
Property Description
Bull Realty is pleased to present this single tenant NNN lease offering in Stone Mountain, Georgia (Atlanta MSA). The tenant, a local restaurant, is on a 36 month lease expiring December 31, 2019. They have one 3-year renewal option with a 20% rent increase. The Landlord recently replaced two HVAC units and installed a new roof.
The property is located on heavily commercial Memorial Drive, just outside I-285 and less than 1 mile from Georgia Piedmont Technical College and 11 miles from Stone Mountain Park. Nearby 2016 traffic counts on Memorial Drive averaged 37,000 vehicles per day.
NOTE: This property is also know as 4995 Memorial Drive per the Dekalb County Property Assessor.
Location Description:
Located on heavily commercial Memorial Drive just outside I-285, Georgia Piedmont Technical College is less than a mile away. Nearby 2016 traffic counts on Memorial Drive averaged 37,000 vehicles per day.
Highlights:
>> NNN lease with initial term expiring 12/31/19
>> One 3-year option with a 20% rent increase
>> HVAC and roof recently replaced
>> Located in a heavily commercial area with 2016 traffic counts of 37,000 AVPD
>> Also know as 4995 Memorial Drive per the Dekalb County Property Assessor
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