Listing Courtesy of: Shermine Khakiani - Keller Williams Realty Atl. Partners
4044553925
$2,225,000
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559 Jonesboro Road Mcdonough, GA 30253
Other
Residence
Beds
Baths
...
Bed/Bath
14,607
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Elevate your investment portfolio with a PRIME 100% leased shopping center, Magnolia Village, located in the fastest-growing city of McDonough, GA. Situated on over 1.37 acres of an expansive lot, this center is in the middle of the three high-traffic, busy shopping plazas. Located near a residenti...al area, allowing for a built-in clientele for shopping centers and retail businesses. The established 2004 built and 14,607 square feet shopping center has incredible visibility and long-term, stable tenants. Offering an attractive 8.4% Pro Forma cap rate, all leases are modified gross leases with a total annual income of $191,038, including all CAM. Two tenants are to extend their leases by 6% annually for an additional 3-year term starting June 2025. This investment has multiple income-added opportunities, such as an ATM, Amazon Hub & more. Meticulously managed and maintained with newly resurfaced concrete in the parking lot, this center presents a fantastic turnkey investment. With a convenient setting and a strong tenant mix, Magnolia Village is an exceptional opportunity for investors seeking a lucrative commercial asset in a thriving area.
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MLS#
10439736
Property Type
Other
Year Built
2004
Square Feet
14,607
sq. ft
Lot Size
1.37
Sewer
Public Sewer, Sewer Available
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