Grove Plaza | Retail Complex On Hwy-138 | 8.4% Cap Rate
4915,4917, 4919 Hwy 138
Loganville, GA 30052
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Highlights
- • ± 17,842 SF retail complex strip center including an auto garage, car wash and mini-storage unit
- • Over 86% occupied with estimated NOI of $142,860
- • Located off Hwy-183 in Loganville
- • Traffic counts of 14,900 VPD on Hwy-138
- • Offered at an 8.4% cap rate
Description
Grove Plaza is a retail complex on Highway-138 in Loganville that includes a ±10,400 SF retail strip center; a ±2,950 SF, 20-unit, mini-storage facility; a ±2,792 SF self-serve & auto car wash and a ± 1,700 SF, auto refinishing garage. The complex was built in 2003 and is situated on two parcels totaling approximately 3.5 acres. Tenant leases are modified gross with most tenants paying monthly contributions to common area maintenance. The car wash is separately metered for water, and tenants are responsible for that expense.
