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Shopping Strip

Stonewood Village

5976 Memorial Dr, Stone Mountain, GA 30083

Listing Price: $6,450,000

Cap Rate
7.50%
Gross SF
51,328
Rentable SF
51,328
Price/Gross SF
$125.66
Lot Size
5.24 acres
Year Built
1971

Investment Overview

Stonewood Village, a 52,000 square foot retail center on 5.24 acres located at the NW corner of Memorial Drive and North Hairston Road in Stone Mountain Georgia (Atlanta MSA). Stonewood Village has a 20-year history of 95%+ occupancy and is occupied by nationally recognized long-term tenants such as Dollar General, Rent-A-Center, Waffle House, Little Caesars, Cricket Wireless, C&C Beauty Supply and Bank of America. The vast majority of the tenants are long term with the average occupancy exceeding 13 years. Dollar General occupies 24.6% of the Gross Leasable Area and is paying $4.10 per square foot, which is less than half of the current market rent. Traffic counts are in excess of 52,000 vehicles per day.

Investment Highlights

  • Signalized Hard Corner with Traffic Counts in Excess of 52,000 VPD
  • Below Market Rents and Long Term Tenants
  • Stabilized with 20 Year History of 95%+ Occupancy
  • Always 100% Leased!

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $6,450,000

Cap Rate
7.50%
Gross SF
51,328
Rentable SF
51,328
Price/Gross SF
$125.66
Lot Size
5.24 acres
Year Built
1971

Investment Highlights

  • Signalized Hard Corner with Traffic Counts in Excess of 52,000 VPD
  • Below Market Rents and Long Term Tenants
  • Stabilized with 20 Year History of 95%+ Occupancy
  • Always 100% Leased!

Investment Overview

Stonewood Village, a 52,000 square foot retail center on 5.24 acres located at the NW corner of Memorial Drive and North Hairston Road in Stone Mountain Georgia (Atlanta MSA). Stonewood Village has a 20-year history of 95%+ occupancy and is occupied by nationally recognized long-term tenants such as Dollar General, Rent-A-Center, Waffle House, Little Caesars, Cricket Wireless, C&C Beauty Supply and Bank of America. The vast majority of the tenants are long term with the average occupancy exceeding 13 years. Dollar General occupies 24.6% of the Gross Leasable Area and is paying $4.10 per square foot, which is less than half of the current market rent. Traffic counts are in excess of 52,000 vehicles per day.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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