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Single-Tenant Vacant-User

Stockbridge, GA (Atlanta MSA) Re-Tenant/Redevelopment Opportunity

3480 Mt Zion Rd, Stockbridge, GA 30281

Listing Price: $3,450,000

Cap Rate
6.53%
Tenant Name
Office Depot
Years Remaining On Lease
0.1
Guarantor
Corporate Guarantee
Rentable SF
20,087
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.23

Investment Overview

Marcus & Millichap is pleased to present an investment opportunity of a well-situated retail property in Stockbridge, GA, located at 3480 Mt Zion Rd. This asset consists of 20,087 SF GLA on an oversized 2.42 acre parcel of land. Office Depot is the current tenant, and will commence a MTM tenancy when their current lease term ends in November.

Strategically positioned in a General Business District zone, the property has flexible zoning allowing for a multitude of uses, ensuring resilience and adaptability in the dynamic commercial landscape.

The property's prominent location fronts Mt Zion Rd, reporting traffic counts of 13,260+ vehicles per day, adjacent to Lake Spivey Parkway with 28,500+ VPD, and is within a stone's throw from major thoroughfares, I-75 and I-675, with impressive traffic counts of 133,000+ VPD and 60,000+ VPD respectively, ensuring exceptional visibility and accessibility. The subject also sits within a half-mile from 3 recently completed residential developments with a total combined count of 600 units.

This property represents a rare opportunity for an investor to secure a retail asset with several re-tenanting or redevelopment options. This strategic location is both highly visible and easily accessible. It stands out as a compelling investment in the Stockbridge real estate market, with its significant land area and advantageous zoning poised to accommodate a variety of future uses and developments.

Investment Highlights

  • Re-Lease / Redevelopment Opportunity – Term Expires November 2024
  • High Growth Area –Several Residential Developments Recently Completed
  • Frontage on Mount Zion Road, Adjacent to Lake Spivey Parkway & Proximity to I-75 & I-675 – Total of 235,000+ VPD
  • Strong Residual Value – 20,087 GLA Building With Flexible Zoning
  • Located in the Dense Primary Retail Corridor of the Market
  • Dense Infill Population – 133,000+ People in 5 Mile Radius With an Average Household Income of $74,000+

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Single-Tenant Vacant-User

Stockbridge, GA (Atlanta MSA) Re-Tenant/Redevelopment Opportunity

Listing Price: $3,450,000

Cap Rate
6.53%
Tenant Name
Office Depot
Years Remaining On Lease
0.1
Guarantor
Corporate Guarantee
Rentable SF
20,087
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.23

Investment Highlights

  • Re-Lease / Redevelopment Opportunity – Term Expires November 2024
  • High Growth Area –Several Residential Developments Recently Completed
  • Frontage on Mount Zion Road, Adjacent to Lake Spivey Parkway & Proximity to I-75 & I-675 – Total of 235,000+ VPD
  • Strong Residual Value – 20,087 GLA Building With Flexible Zoning
  • Located in the Dense Primary Retail Corridor of the Market
  • Dense Infill Population – 133,000+ People in 5 Mile Radius With an Average Household Income of $74,000+

Investment Overview

Marcus & Millichap is pleased to present an investment opportunity of a well-situated retail property in Stockbridge, GA, located at 3480 Mt Zion Rd. This asset consists of 20,087 SF GLA on an oversized 2.42 acre parcel of land. Office Depot is the current tenant, and will commence a MTM tenancy when their current lease term ends in November. Strategically positioned in a General Business District zone, the property has flexible zoning allowing for a multitude of uses, ensuring resilience and adaptability in the dynamic commercial landscape. The property's prominent location fronts Mt Zion Rd, reporting traffic counts of 13,260+ vehicles per day, adjacent to Lake Spivey Parkway with 28,500+ VPD, and is within a stone's throw from major thoroughfares, I-75 and I-675, with impressive traffic counts of 133,000+ VPD and 60,000+ VPD respectively, ensuring exceptional visibility and accessibility. The subject also sits within a half-mile from 3 recently completed residential developments with a total combined count of 600 units. This property represents a rare opportunity for an investor to secure a retail asset with several re-tenanting or redevelopment options. This strategic location is both highly visible and easily accessible. It stands out as a compelling investment in the Stockbridge real estate market, with its significant land area and advantageous zoning poised to accommodate a variety of future uses and developments.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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