10459 Tara Blvd - Freestanding FOR SALE


Jonesboro, GA 30236
$2,040,000 USD
404-812-8925
10459 Tara Blvd, Jonesboro, GA for Sale
$2,040,000 USD
Freestanding - FOR SALE
1/9
null | 7% Cap Rate

10459 Tara Blvd
Jonesboro, GA 30236


HIGHLIGHTS

  • Stratford at Lovejoy Village is an 11,100-square-foot unanchored Kroger shadow retail center located along Tara Boulevard in Jonesboro in Atlanta MSA
  • The property features a diversified mix of service, restaurant, beauty, and entertainment tenants that generate consistent daily traffic
  • Positioned within the Kroger-anchored Lovejoy Village retail node, the center benefits from over 1.3 million annual visits
  • The property is positioned along Tara Boulevard, a primary retail corridor with traffic counts exceeding 47,000 vehicles per day
  • Most in-place rents are below current market levels, offering investors the opportunity to capture rental upside over time
  • All leases include contractual rent increases, providing built-in income growth for future ownership

OVERVIEW

Stratford at Lovejoy Village is an 11,100-square-foot unanchored Kroger shadow retail center located along Tara Boulevard in Jonesboro, Georgia, within the Atlanta MSA. The property features a diversified mix of service, restaurant, beauty, and entertainment tenants that generate consistent daily traffic and are largely resistant to e-commerce disruption. Positioned within the Kroger-anchored Lovejoy Village retail node, the center benefits from over 1.3 million annual visits and is surrounded by national retailers and neighborhood-serving businesses that drive steady consumer activity throughout the corridor. The property is positioned along Tara Boulevard, a primary retail corridor with traffic counts exceeding 47,000 vehicles per day. Most in-place rents are below current market levels, offering investors the opportunity to capture rental upside over time. Additionally, all leases include contractual rent increases, providing built-in income growth for future ownership. Stratford at Lovejoy Village offers investors the opportunity to acquire a well-located neighborhood retail asset supported by strong surrounding demographics, with population projected to exceed 111,000 residents within a five-mile radius and average household income expected to surpass $101,000 within five years.

FOR SALE DETAILS

PRICE

$2,040,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stratford at Lovejoy Village

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2.91 AC

LAND SF

126,760 SF

ZONING

GB

APN/PARCEL ID

06-094-095-016

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.