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    Stone Mountain Retail Shopping Center Title is generated by Realmo AI

    5895 Memorial Dr, Stone Mountain, GA

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    29,346 SF retail shopping center in Stone Mountain, GA.

    Type:RETAIL
    Property size:
    29,346 SF
    Lot size:
    1.56 Acres
    Price / SF:
    $163/SF
    Added:
    Dec 6, 2024
    Days on Market:
    546
    Last Refresh:
    May 20 at 9:36 pm

    Property Features for 5895 Memorial Dr

    General Information

    Standard status
    Active
    Size
    29,346 SF
    Lot size
    1.56 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Lasha Kortava
    Lasha Kortava

    Listing agent Lasha Kortava

    Listing office Sands Investment Group (SIG) - Corporate

    Listing date Dec 6, 2024

    Source Moodyscre

    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 Sands Investment Group (SIG) - Corporate

    HighLights

    • Prime location in Stone Mountain, GA
    • High traffic location on a bustling street
    • Excellent visibility from all corners
    • Strong demographics: 97,664 residents within a 3‑mile radius
    • Average household income of $60,017 within a 3‑mile radius
    • Located next to Walmart Supercenter and Dekalb County Public Safety School

    Overview

    The Memorial Plaza Shopping Center, a 29,346 square foot retail property, is available for purchase. It is located at 5895 Memorial Drive in Stone Mountain, GA. The property benefits from its location on a busy street with high traffic, providing a consistent flow of potential customers. The location offers excellent visibility from all directions, ensuring that the property and its tenants are easily seen by a wide audience. The surrounding area includes a Walmart shopping supercenter on one side and a Dekalb County Public Safety School on the other. The demographics within a 3-mile radius include a population of 97,664 residents with an average household income of $60,017.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $644.4k $21.96
    − Vacancy −$54.8k −$1.87
    EGI $589.7k $20.09
    − OpEx −$176.9k −$6.03
    NOI $412.8k $14.07
    29,346 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $5.90M
    $5.16M – $6.88M (±1% cap)
    NOI $412,763 @ 7.0% cap · market cap 8.60%
    Second Best
    no second resolved use
    Theoretical Best
    Office A
    $8.20M
    $7.18M – $9.57M (±1% cap)
    NOI $574,233 @ 7.0% cap · market cap 11.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Creative Designz & Signz ... Marketing & Advertising BMG Wholesale Big Box & Wholesale Store Figure 8 Body ... (Bike/Boat/Book/etc) Store Dance for Joi Dance ... Training Center Platinum Elite Dance ... Training Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Village Square Commons 665 Village Square Dr, Stone Mountain, GA 30083
    • Gabrielle 4351 Village Square Ln, Stone Mountain, GA 30083
    • Value Mall 5616 Memorial Dr, Stone Mountain, GA 30083
    • Good Vibes Only Store ATL 5615 Memorial Dr Suite 601 H, Stone Mountain, GA 30083
    • Village Square Memorial Dr, Stone Mountain, GA 30083

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.1968
    Latitude
    33.7997

    FAQs

    What type of property is this?
    Shopping center - 29,346 SF retail shopping center in Stone Mountain, GA.
    Where is this shopping center located?
    The property is located at 5895 Memorial Dr Stone Mountain, GA.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: Prime location in Stone Mountain, GA; High traffic location on a bustling street; Excellent visibility from all corners
    (844) 474-4666 Call to check price and availability
    More about this property
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