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1240 Sigman Rd NW Conyers, GA 30012

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For Sale
$1,395,000

Well-located retail strip center with value-add potential.

Lot size:
2.63 Acres

Property Features for 1240 Sigman Rd NW

General Information

Standard status
Active
Lot size
2.63 Acres

Building Details

Year built
2008

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Listing Contact
J. Otis Rylee
Source: Corcoran

Listing Agency: NAI Brannen Goddard Listing Agent: J. Otis Rylee

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Conyers Retail Strip Center

Faith Plaza is a 12,000 square foot neighborhood retail strip center constructed in 2008. The property is positioned along one of Conyers' primary commercial corridors and benefits from excellent visibility, strong surrounding retail activity, and convenient access to Interstate 20. The center is currently 90% occupied with a diverse mix of local and service-oriented tenants, providing stable in-place cash flow. A majority of the in-place rents are below market, and a portion of the space is currently owner-occupied, further supporting future income growth potential. The paying tenant leases roll within the next 12-24 months, offering an opportunity to increase rental rates through proactive renewals and strategic re-leasing. The property has been well maintained with a solid roof and functional HVAC systems, though some original units remain. The center currently does not feature monument signage along Sigman Road NW. The parking lot offers an additional cosmetic upside through resealing and restriping. The asset is currently operating below market income levels, positioning it as a value-add investment. As leases roll and rental rates are adjusted toward market levels, ownership has a path to increase NOI over a 24-36 month hold period without requiring major structural redevelopment. Faith Plaza is suited for value-add investors, private capital, and 1031 exchange buyers seeking a suburban Atlanta retail asset with immediate income.
Location Intelligence

Current Use by Public Records

Faith Plaza Church Larvation Web (Bike/Boat/Book/etc) Store CSC Beauty Bar Hair Salon Catch The Drip IV ... Dental Office On Common Ground News Advertising Agency

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

Location Insight

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  • Local Demand
City
Conyers
County
Rockdale
State
Georgia
Longitude
-84.029251
Latitude
33.687668

FAQs

What type of property is this?
Strip mall - Well-located retail strip center with value-add potential.
Where is this strip mall located?
The property is located at 1240 Sigman Rd NW Conyers, GA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: - Value-add opportunity with below-market rents and near-term lease rollover.; - High occupancy (90%) with a diverse tenant mix provides stable cash flow.; - Excellent visibility and access along a primary commercial corridor near Interstate 20.
More about this property
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