414 N Hairston Rd - Freestanding FOR SALE


Stone Mountain, GA 30083
$2,300,000 USD
770-992-5112
414 N Hairston Rd, Stone Mountain, GA for Sale
$2,300,000 USD
Freestanding - FOR SALE
1/55
null | 6.1% Cap Rate

414 N Hairston Rd
Stone Mountain, GA 30083


HIGHLIGHTS

  • 15,000 SF building with 13 units on 1.84 acres
  • Monument Sign
  • High traffic Intersection
  • New Roof in July 2021
  • Large Parking Lot

OVERVIEW

Introducing an exceptional retail strip center investment opportunity in Stone Mountain, GA: 414 N Hairston Rd. This impressive property features a 15,000 SF building housing 13 units on 1.84 acres, built in 1988 and currently boasting a 90%+ occupancy rate. Zoned Neighborhood Shopping (NS), this prime location offers 50 parking spaces, a prominent monument sign, and benefits from a well positioned signalized intersection with traffic counts of 29,000 on N Hairston, and 16,600 on Rockbridge (GDOT). There is two entry points for easy ingress and egress. The estimated NOI is $140,334 with one current vacancy. Reach out to Jacob Bower or Derek Creviston to learn more, and feel free to check out the attached documents for more information as well. Location Description Located at the intersection of Rockbridge Road and 414 North Hairston Road, this property is only 2.5 miles away from Stone Mountain. Its right across the street from the Rockbridge Crossing Shopping Center and an Advance Auto Parts. North Hairston road sees about 29,000 cars a day, and Rockbridge road sees about 16,600 at this intersection, according to GDOT. The site has two easy and accessibly points of ingress and egress.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hairston Commons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

NS, County

APN/PARCEL ID

18-040-02-007

ASK ABOUT THIS PROPERTY

Jake CrevistonSVN Creviston RealtyMore Info
770-992-5112

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Jake CrevistonSVN Creviston RealtyMore Info
770-992-5112

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