Stonecrest Village Shops 7301 Stonecrest Concourse

7301 Stonecrest Concourse , Lithonia, Georgia, 30038 | 37,730 sq.f | $ 7,989,000

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About This Restaurant

Investment Highlights

100% Leased to Diverse Tenant Profile - NNN Leases with Rent Increases Dense Retail Corridor Location Adjacent to The Mall at Stonecrest and Surrounded by National Tenants: Walmart, Burlington, Marshalls, Ashley HomeStore 102,408 Residents within a 5-Mile Radius - Atlanta MSA Leased to National Tenants: Plato?s Closet, DaVita, and H&R Block The Mall at Stonecrest is a Super Regional Shopping Mall Serving DeKalb County Situated Immediately Off the I-20 Freeway / East Expressway (138,000+ Cars per Day), Offering a Direct Route to Downtown Atlanta

Executive Summary

Marcus & Millichap is pleased to present for sale Stonecrest Village Shops. 100 percent leased to a diverse tenant profile, Stonecrest Village Shops is adjacent to The Mall at Stonecrest in Lithonia, Georgia. Lithonia is located in eastern DeKalb County, Georgia, part of the Atlanta metropolitan area. Lithonia is in the heart of the Georgian granite-quarrying and viewing region and is one of the gateways to the Arabia Mountain National Heritage Area.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Restaurant General Retail Storefront Retail/Office Office Medical Freestanding
  • Building Size    37,730
  • Building Class    B
  • Year Built    2002
  • Price    7,989,000
  • Price Per SF    212
  • Cap Rate    7.60
  • NOI    607,146
  • Percent Leased    90
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.20
  • Land Acres    4.28 AC

Nearby Amenities & Transportation

Retail Golden Krust Caribbean Bakery
Retail Applebee's
Retail Little Tokyo
Retail Checkers
Retail Olive Garden Italian Rstrnt
Retail IHOP
Retail CrossFit
Retail Steak 'n Shake
Retail T.G.I. Friday's
Retail Chili's

Property Taxes

Parcel Number 16-170-01-028 Improvements Assessment $474,280
Land Assessment $2,065,720 Total Assessment $2,540,000
Date Created: 2024-07-16 04:13:35 Last Updated: 2024-07-16 04:13:35
Address: 7301 Stonecrest Concourse , Lithonia, Georgia, 30038