1105-1107 West Ave SW - Supermarket FOR SALE
Conyers, GA 30012 |
1105-1107 West Ave SW
Conyers, GA 30012
HIGHLIGHTS
- STABILIZED INVESTMENT: West Avenue Plaza is a 100% Occupied Unanchored Strip Center, Providing a New Owner Stable Cash Flow With Upside Through Lease
- UPSIDE POTENTIAL: The In-Place Rents Are Gross, Providing Upside to a New Owner By Converting to Traditional Triple Net (NNN) Leases
- STRONG POPULATION GROWTH: The Population Within a 3-Mile Radius of the Property Grew 8.4% From 2010-2022 and is Expected to Grow By 3.6% By 2027
- The Property is Strategically Located Along West Avenue, Which Leads Directly Into the Old Town Conyers and Sees 16,100 Vehicles Per Day
- BUILDING CONDITION: The Property Has Been Well Maintained; The Roof Was Recently Resealed in 2020 and is in Great Condition
- PARKING LOT CONDITION: The Parking Lot Was Restriped in 2020 and is in Good Condition
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
West Avenue Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
10519
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
114
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
C09-0-01-0005
