305-772-4105
5295 Highway 78, Stone Mountain, GA for Sale
Storefront - FOR SALE
1/7
null | 8% Cap Rate

5295 Highway 78
Stone Mountain, GA 30087


HIGHLIGHTS

  • Anchored by prominent tenant
  • High traffic area

OVERVIEW

TSCG, acting as exclusive agent on behalf of the Owner, is pleased to offer for sale a 100% fee simple interest in Mountain East Shopping Center in Stone Mountain (Atlanta MSA), Georgia.  Mountain East totals 83,921 square feet of gross leasable area and is anchored by a thriving LA Fitness health club, which occupies 45,000 SF and received 300,000 visitors in the past twelve months.  Additional national/regional tenants include Total by Verizon (new lease), Hair Clippers, Republic Finance and Athlete’s Foot.  Mountain East was constructed in 1983 and renovated in 2012 (when LA Fitness replaced a Kroger store), is currently 89% leased and is being offered free of existing financing. Mountain East Shopping Center is situated at the signalized intersection of Stone Mountain Highway (GA 78) – the primary retail corridor of the trade area – and East Park Place Boulevard.  The Property is located 8 miles east of Interstate 285 and 2 miles from Stone Mountain Park, which receives over 4 million visitors annually.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mountain East Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.82 AC

LAND SF

471,319 SF

ZONING

C2, County

APN/PARCEL ID

R6061-009

ASK ABOUT THIS PROPERTY

305-772-4105

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305-772-4105

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