5950 Hugh Howell Rd - Freestanding FOR SALE


Stone Mountain, GA 30087
$1,290,000 USD
5950 Hugh Howell Rd, Stone Mountain, GA for Sale
$1,290,000 USD
Freestanding - FOR SALE
1/12
null | 6.37% Cap Rate

5950 Hugh Howell Rd
Stone Mountain, GA 30087


HIGHLIGHTS

  • 100% leased to a diversified tenant mix under triple net leases with structured annual rent escalations.
  • Exceptional demographics with average household income of $184,128 within a 1-mile radius.
  • Located 0.5 miles from US-78 and within 2 miles of downtown Tucker, ensuring regional access.
  • Proximity to Stone Mountain Park, Georgia's #1 tourist attraction with 4M+ annual visitors.
  • Recent capital improvements include roof replacement in 2024 and targeted renovations through 2025.
  • Predictable income stream with 3.26-year WALT and stable long-term tenancy.

OVERVIEW

Smoke Rise Plaza offers a rare opportunity to acquire a fully leased, income-producing neighborhood retail center in the affluent Smoke Rise community of Tucker, Georgia. Featuring three diverse tenants, including Allstate Insurance and a medical service provider, the property is stabilized with 100% occupancy and absolute NNN leases, providing buyers with a passive investment structure and predictable returns. Positioned just 0.5 miles from US-78 (Exit 7), the center ensures excellent regional connectivity and quick access to the greater Atlanta metropolitan area. The immediate surroundings include Stone Mountain Park, a premier tourist attraction drawing more than 4 million visitors annually, creating strong recession-resistant traffic. With average household incomes exceeding $184,000 within a 1-mile radius and a median home value of $503,390, the property benefits from robust local demographics. An attractive value-add element adds long-term investor appeal, as rents remain approximately $3.22/SF below market averages, offering an estimated 23.9% NOI growth once stabilized. Additional features include recent roof replacement (2024) and planned exterior updates. Listed at $1,290,000 with a 6.37% CAP rate, Smoke Rise Plaza presents both steady cash flow and upside potential through rent stabilization and asset appreciation.

FOR SALE DETAILS

PRICE

$1,290,000 USD

PRICE/SF

$248 USD /SF

CAP RATE

6.37%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

NS

APN/PARCEL ID

18-174-02-044

ASK ABOUT THIS PROPERTY

Jon KontopidisApex Asset ManagementMore Info

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

Jon KontopidisApex Asset ManagementMore Info

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