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4577 - 4591 Rockbridge Road - Pine Lake Plaza Shopping Center - Pine Lake Plaza Shopping Center, Stone Mountain, GA
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4577 - 4591 Rockbridge Road - Pine Lake Plaza Shopping Center - Pine Lake Plaza Shopping Center
Stone Mountain, GA 30083-7306 - Stone Mtn/Clarkston Ret Submarket
2.76 AC (120,226 SF)
For Sale Price:
Free Surface spaces are available; Ratio of 5.02/1,000 SF
Pine Lake Plaza is an upside opportunity of an approximately 17,000 square foot unanchored retail center, located on +/- 2.76 acres. It is located in the Pine Lake/Stone Mountain area of Atlanta, Georgia. The property is offered at below replacement costs with current rental rates averaging $9.38 per square foot, including CAM, thus providing an investor upside potential with increasing rents and quality management.
Pine Lake Plaza is well positioned above street level and is across from Pine Lake city limits, one of the most eclectic cities in the state. The center sits between the local post office and a new Family Dollar that was constructed next door in mid 2014, which speaks to investor confidence in the area' s growth and stability. The center itself has been leased and managed by the owner, and many of the tenants have called Pine Lake home for well over a decade.
Due to its excellent visibility, access, and location, Pine Lake Plaza is considered a community centerpiece, and one can always find the center bustling with local residents, whether it is to purchase specialty groceries during the week, or to brings the family dog to an event at Patty' s Grooming on a Sunday afternoon. This center bring the community together.
For more information, please contact John Harrison or Daniel Forkner.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Bull Realty Inc.
(404) 876-1640 x106
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