559 Jonesboro RD new Save Request In-Person Tour Request Virtual Tour
Mcdonough,GA 30253
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 14,607 sqft
Price per Sqft $152
MLS Listing ID 7506080
Year Built 2004
Annual Tax Amount $22,969
Tax Year 2024
Lot Size 1.374 Acres
Property Description
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 residential 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.
Location
State GA
County Henry
Zoning C
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central Air
Flooring Hardwood,Carpet,Luxury Vinyl
Exterior
Parking Features Parking Lot
Fence None
Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Available,Water Available
Waterfront Description None
View Other
Roof Type Metal
Building
Lot Description Level,Shopping Center
Story One
Foundation Slab
Structure Type Brick
New Construction No
Others
Special Listing Condition None