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5870 E Lake Parkway - North McDonough Crossing, McDonough, GA

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5870 E Lake Parkway - North McDonough Crossing

McDonough, GA 30253-4808 - McDonough/Butts Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2002
Building Size:32,550 SF Land Area:6.73 AC (293,159 SF)
For Sale Price:$4,304,035 Price/SF:$132.23
Cap Rate:8.50 %
Parking:Free Surface spaces are available; Ratio of 6/1,000 SF
Features:Dedicated Turn Lane, Pylon Sign

Sale Notes:
As exclusive broker, Cushman & Wakefield' s Retail Investment Advisors is pleased to present for sale North McDonough Crossing - a 32,550 SF, Kroger shadow-anchored center in McDonough, Georgia (Atlanta MSA). The center enjoys a strong base of seasoned tenants including the likes of Great Clips and H&R Block. Moreover, the offering includes excellent upside opportunity via vacancy and multiple tenants that pay either below-market or gross rent. Strategically positioned at the intersection of East Lake Parkway and GA Highway 155, the shopping center benefits from strong visibility, a combined traffic count approaching 20,000+ VPD, excellent curb appeal and overall fundamentals. Coupled with its strong cash flow, North McDonough Crossing presents IRR-conscious investors with tremendous upside via long-term leasing.

Cushman & Wakefield
Fain Hicks
(404) 682-3387

Cushman & Wakefield of Georgia, Inc.
Drew Fleming
(404) 875-1000

Mark Joines
(404) 875-1000

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