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Fully-Occupied NNN Shopping Center | 7.4% Cap Rate

7300 Stonecrest Concourse
Lithonia, GA 30038
PRICE : $2,997,000
CAP RATE: 7.4%
PROPERTY TYPE: Retail
BUILDING SIZE: 17,540 SF
YEAR BUILT: 2004

Highlights

  • 17,540 SF shopping center
  • Outparcel to The Mall at Stonecrest
  • 100% occupied
  • 4 brand new leases
  • All NNN guaranteed leases
  • Diverse tenant mix
  • ± 120 surface parking spaces
  • 1.64 acre site
  • Located right off I-20 (Exit 75)

Description

Bull Realty is pleased to offer the opportunity to acquire a five-tenant shopping center outparcel to The Mall at Stonecrest. Stonecrest Festival is a 17,540 SF shopping center situated on 1.64 acres and located just outside the mall's parking lot. It is 100% occupied with all NNN Leases. The center offers ±120 surface parking spaces with additional parking nearby.

Stonecrest Festival comes with very limited management as there are 4 brand new tenants with NNN leases and guarantees and is surrounded by several well-known retail and restaurants. It is located right off I-20 and about 15 miles east of Atlanta. The Mall at Stonecrest is a 1.2M SF, two-level, indoor/outdoor super regional shopping center set on 200 landscaped acres. The current mall occupancy is approximately 96.3%.

A brand new development of Atlanta Sports City is proposed to break ground in 2019 and is slated to be a part of the mall and attract sports teams from around the globe.

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