2350 Lake Harbin Rd - Freestanding FOR SALE


Morrow, GA 30260
$1,700,000 USD
770-992-5112
2350 Lake Harbin Rd, Morrow, GA for Sale
$1,700,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

2350 Lake Harbin Rd
Morrow, GA 30260


HIGHLIGHTS

  • Ranked #11/365 GA Locations
  • 2017 New Roof (20yr Guarantee)
  • Family Dollar Corporate Guaranty Net Lease
  • Sprinkled
  • 2 - 10 Ton AC Units (2017)
  • 1 - 5 Ton AC Unit in (2017)

OVERVIEW

Introducing a prime investment opportunity at 2350 Lake Harbin Rd in Morrow, GA. This well-maintained property currently 100% leased, built in 1997 and renovated in 2017, boasts a prime location in the Morrow area with GB zoning (Clayton Co). Offering a secure investment with a 100% occupancy rate, this property features a Family Dollar Corporate Guarantee Net Lease through 04/2032. There are 3 - 5yr lease renewal option renaming. The 1st lease renewal option (5/1/2032) increases the current annual rent by 15%. This Family Dollar location is ranked #11 out of 365 stores in the state of GA for store performance. This location is rank in the 90th percentile nationally. For the last 5 years this location has averaged 12,900 monthly visits. Median household income for Morrow, GA is $65,000. Population density in a 5 miles radius is 173,000. Located at the signalized intersection of Lake Harbin and Maddox Road. Morrow, Georgia, is a suburban city located in Clayton County, just south of Atlanta. It's about 10 miles from downtown Atlanta. In terms of transportation, Morrow is well-connected by major highways like I-75, making it convenient for residents to commute to Atlanta or other neighboring areas. Public transit is also accessible via the Metropolitan Atlanta Rapid Transit Authority (MARTA)

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Free Standing Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

GB

APN/PARCEL ID

12-0141D-00B-003

ASK ABOUT THIS PROPERTY

Jake CrevistonSVN Creviston RealtyMore Info
770-992-5112

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Jake CrevistonSVN Creviston RealtyMore Info
770-992-5112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.