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Shopping Community

Dollar General | YMCA Anchored Center

2906 Evans Mill Rd, Stonecrest, GA 30038

Listing Price: $2,477,000

Cap Rate
9.50%
Gross SF
313,632
Rentable SF
58,317
Price/Gross SF
$7.90
Lot Size
7.20 acres
Year Built
1973

Investment Overview

Marcus & Millichap is pleased to present this 58,317 SF Dollar General and YMCA anchored Shopping Center in Stonecrest (Atlanta), Georgia and DeKalb County, one of the largest counties in the Atlanta MSA. Dollar General and the YMCA have occupied space in this center since 1998 and 1999 respectively, or approximately 23 years. The property is located at a busy signaled intersection with a traffic count in either direction over 30,000 vehicles. It is also just off Interstate 20 where the Annual Average Daily Traffic Count is reportedly at 137,000 vehicles. Approximately one mile away is the 1.3M SF Stonecrest Mall, with major anchor tenants Dillard’s and Macy’s. The area demographics are solid, with a 5-mille population of 118,000 and Avg HH Incomes of $66,000. The subject center has a good mix of tenants, many of which have signed NNN leases, reimbursing for CAM. Taxes and Insurance (see Tenant Summary notes in the Financial Analysis Section). Average rents are well below market at $5.76 psf and the Sales Price of this center at the List Price is a low $42 psf, well below replacement cost. The sale also includes one outparcel of 3,600sf, occupied currently by a restaurant tenant operating a sports bar and grille.

Investment Highlights

  • 58,317SF Shopping Center Anchored by Dollar General and YMCA
  • ?Ideally Located at Signaled Intersection with AADT of 27,200 & 11,400 cars
  • Just off Interstate 20 & Near 1.3M SF Mall with Dillard's and Macy's
  • Anchor Tenants Average 23 Years in the Center
  • Offering includes a Free -Standing Restaurant Outparcel
  • Solid Demos with Population of 118,000 & Avg HH Incomes of $66,000
  • Low Price Per Square Foot at only $42 per Square Foot
  • Low Rents Averaging $5.76 per SF - At Least 25% Below Market

Exclusively Listed By

Shopping Community

Dollar General | YMCA Anchored Center

Listing Price: $2,477,000

Cap Rate
9.50%
Gross SF
313,632
Rentable SF
58,317
Price/Gross SF
$7.90
Lot Size
7.20 acres
Year Built
1973

Investment Highlights

  • 58,317SF Shopping Center Anchored by Dollar General and YMCA
  • ?Ideally Located at Signaled Intersection with AADT of 27,200 & 11,400 cars
  • Just off Interstate 20 & Near 1.3M SF Mall with Dillard's and Macy's
  • Anchor Tenants Average 23 Years in the Center
  • Offering includes a Free -Standing Restaurant Outparcel
  • Solid Demos with Population of 118,000 & Avg HH Incomes of $66,000
  • Low Price Per Square Foot at only $42 per Square Foot
  • Low Rents Averaging $5.76 per SF - At Least 25% Below Market

Investment Overview

Marcus & Millichap is pleased to present this 58,317 SF Dollar General and YMCA anchored Shopping Center in Stonecrest (Atlanta), Georgia and DeKalb County, one of the largest counties in the Atlanta MSA. Dollar General and the YMCA have occupied space in this center since 1998 and 1999 respectively, or approximately 23 years. The property is located at a busy signaled intersection with a traffic count in either direction over 30,000 vehicles. It is also just off Interstate 20 where the Annual Average Daily Traffic Count is reportedly at 137,000 vehicles. Approximately one mile away is the 1.3M SF Stonecrest Mall, with major anchor tenants Dillard’s and Macy’s. The area demographics are solid, with a 5-mille population of 118,000 and Avg HH Incomes of $66,000. The subject center has a good mix of tenants, many of which have signed NNN leases, reimbursing for CAM. Taxes and Insurance (see Tenant Summary notes in the Financial Analysis Section). Average rents are well below market at $5.76 psf and the Sales Price of this center at the List Price is a low $42 psf, well below replacement cost. The sale also includes one outparcel of 3,600sf, occupied currently by a restaurant tenant operating a sports bar and grille.

Exclusively Listed By

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