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7301 Stonecrest Concourse - Stonecrest Village - Stonecrest Village, Lithonia, GA

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7301 Stonecrest Concourse - Stonecrest Village - Stonecrest Village

Lithonia, GA 30038 - Lithonia/Conyers Ret Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:2002
Building Size:37,730 SF Land Area:4 AC (174,240 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:6.30 %
Parking:210 Surface spaces are available; Ratio of 5/1,000 SF

This property is located on an out parcel site within the 200 acre development of The Mall at Stonecrest. The mall is scheduled to open in October 2001 and anchors currently include Parisian, Sears, Rich's, JC Penny and Dillard's. Stonecrest Village is a 37,730 SF shopping center located in Lithonia, GA, a suburb of Atlanta. The center is immediately adjacent to the Stonecrest Mall, a Super Regional Mall anchored by Sears, Dillard’s, Macy’s, JC Penney, and Kohl’s. The Stonecrest area is the retailing and economic hub of the eastern side of Metro Atlanta. The property is positioned at the intersection of Stonecrest Concourse and the mall’s loop road. Stonecrest Concourse is one of the two primary access points along Turner Hill Road.

Sale Notes:
The subject property is an approximate 37,730 square foot shopping center located adjacent to the 1,162,000 square foot Stonecrest Mall in Lithonia (Atlanta), Georgia. The Property was originally developed in 2002 and is currently 94% leased to national and regional tenants. The property is anchored by DaVita Dialysis with co-tenants including H&R Block, Sprint, Plato' s Closet, Orthodontic Care of Georgia and Precision Weight Loss. The property has excellent visibility from Stonecrest Concourse and Mall Ring Road. The Mall at Stonecrest was opened in October 2001 and features five anchor tenants and 120 specialty shops. The shopping area is the core of an innovative live-work-play community. Located at Turner Hill Road at I-20, the mall attracts shoppers from DeKalb, Gwinnett, Henry, Rockdale, and surrounding counties.

The Atlanta MSA is made up of 28 counties which has seen an increase in population to a staggering 5.3M residents in 2016. The growth within this MSA has skyrocketed to 24% over the last decade which has added over one million new residents. It is forecasted that by 2020, the population will have increased to six million residents.
Top Employers within DeKalb County include Delta Airlines, Emory University, DeKalb county Schools, Publix Super Markets, United Stated Postal Service, IBM and Emory Healthcare.
The City of Lithonia is located 16 miles to the east of Atlanta' s Central Business District. Located in DeKalb County, the City has seen a 20% population increase. Lithonia is named after the granite-quarrying known in the region. Meaning city of stone , Lithonia is also known for its nearby granite dome, Stone Mountain.

RDO Investments LLC
Ryan D O'Connell
(602) 595-4000

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