Multi-Tenant Retail Opportunity | 10% Cap Rate | Pine Lake, GA
4577 Rockbridge Road Southwest
Stone Mountain, GA 30083
FOR SALE
Property Type:
Strip CenterAmount:
$1,500,000
Last Verified:
Aug 02, 2024Daily Email Blast
0 times
Highlights
- Pine Lake Plaza 10-tenant retail strip
- Sits at entrance to desirable Pine Lake community neighborhood
- Approximately 370’ of frontage along Rockbridge Rd
- Fantastic visibility, ingress/egress | 17,200 vehicles per day on Rockbridge Road
- Streetscape project completed 2024 | New pylon sign coming
- ±2.76-acre site | Abundant parking | Potential future redevelopment opportunity
- Very low all-in rents average under $12/SF | Add value by pushing rents
- Many long-term tenants | ‘Sticky’ tenants include package store and pawn shop
- 100% occupancy | Under $100/SF ask price | High cap rate
Description
Multi-Tenant Retail Opportunity | 10% Cap Rate | Pine Lake, GA
Pine Lake Neighborhood
Building Size: 16484sq ft
Lot Size: 2.76 acres
