Established Shopping Center with
For Sale
Contact for pricing
Pending
111 Mountain Vista Blvd, Canton, GA 30115
Fully occupied shopping center with gas station in growing Canton.
Property Size19,350 SF
Days on Market176
Property Features for 111 Mountain Vista Blvd
General Information
Standard status
Pending
Size
19,350 SF
Class
B
Property subtype
Retail
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Building Details
Year Built
2001
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
Skyline Seven Real Estate
(404) 812-8927
Listed By:
Elliott Kyle · License #GA 299687
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Jul 24 at 4:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Skyline Seven Real Estate
Investment Insights
Based on property information with market context.
Market Center at Mountain View presents an opportunity to acquire a neighborhood shopping center with road visibility. Developed in 2001, the 19,350 square foot shopping center is fully occupied with 9 tenants. The center consists of two buildings providing a mixture of a gas station, retail, service, and office uses. The Chevron lease runs through 2033 and includes 4 gas pumps and a convenience store. Canton is a growing suburb of Atlanta, approximately 35 miles northwest of downtown. Residents benefit from proximity to Lake Allatoona. Canton attracts people wishing to move out of the City of Atlanta, with school districts, new infrastructure and investment, low crime rates, and a high quality of life. The property is just south of Northside Cherokee Hospital; a full service 158 bed hospital serving the area.
Key Highlights
- 100% occupied shopping center with 9 tenants, offering immediate income.
- Chevron gas station with lease through 2033 provides stable, long‑term income.
- Located in rapidly growing Canton, GA, an Atlanta suburb.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$310,962
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,219,240
$6.2M
Cap Rate 7%
$4,442,314
$4.4M
Cap Rate 9%
$3,455,133
$3.5M
Market Conditions
NOI Build-Up for 19,350 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$445.8K $23.04/SF
− Vacancy
−$31.2K −$1.61/SF
EGI
$414.6K $21.43/SF
− OpEx
−$103.7K −$5.36/SF
NOI
$311.0K $16.07/SF
Area
Cherokee County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,219,240
Cap Rate 7%
$4,442,314
Cap Rate 9%
$3,455,133
Alternative Uses
Best Use
Specialty Retail
$4.44M
$3.89M – $5.18M
NOI $310,962 @ 7.0% cap · market cap 7.87%
Second Best
Retail
$3.89M
$3.40M – $4.54M
NOI $272,165 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$5.43M
$4.75M – $6.34M
NOI $380,344 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
5,240 visits/mo
0.3 miles
Demographics for 30115, GA
49,804
Population
19,016
Households
2.6
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
73.2 sq mi
ZIP Area
680
Density / Sq Mi
$113,346
Median Household Income
$49,893
Median Earnings
$1,739
Median Rent
$439,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Market Place — Canton, GA 30115
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied shopping center with gas station in growing Canton.
Where is this shopping center located?
The property is located at 111 Mountain Vista Blvd Canton, GA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 100% occupied shopping center with 9 tenants, offering immediate income.; Chevron gas station with lease through 2033 provides stable, long‑term income.; Located in rapidly growing Canton, GA, an Atlanta suburb.
