One-Tenant Retail
For Sale
Contact for pricing
1297 Mount Zion Road, Morrow, GA 30260
Single-tenant retail plaza offered for sale in the Atlanta metro, with existing rental income under a below-market rate per seller.
Property Size7,500 SF
Price / SF$154.66
Days on Market55
Property Features for 1297 Mount Zion Road
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Retail
Building Details
Year Built
1978
Listing Agency:
Sands Investment Group
Listed By:
Andrew Ackerman · License #FL #BK3369953
Source:
Crexi
Added: Jun 12
Changed: Jul 10
Last Checked: Aug 5 at 9:38AM
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
Investment Insights
Based on property information with market context.
Sands Investment Group is pleased to present the Atlanta Metro Plaza, a 7,500 SF, one-tenant retail plaza located at 1297 Mount Zion Rd in Morrow, GA. The property is configured as a single space, providing a straightforward setup for an owner seeking a retail asset tied to one occupying tenant. The offering is structured as a for-sale investment with a current in-place rent of approximately $6.44/SF, as stated in the seller’s materials.
According to the public remarks, the current rental rate is described as below comparable area asking rents of approximately $12 to $15/SF. This gap is presented by the seller as an opportunity for investors who want to work from an established occupancy, with room to adjust terms over time. The offering focuses on the existing tenant space and the rental profile noted above.
For buyers evaluating retail investments with a single tenant and an actively paying tenancy, the Atlanta Metro Plaza offers a simple operating model. Prospective investors and tenant representatives can underwrite based on the in-place rental figure provided in the listing materials, while considering how future rent adjustments may align with comparable asking ranges cited by the seller.
According to the public remarks, the current rental rate is described as below comparable area asking rents of approximately $12 to $15/SF. This gap is presented by the seller as an opportunity for investors who want to work from an established occupancy, with room to adjust terms over time. The offering focuses on the existing tenant space and the rental profile noted above.
For buyers evaluating retail investments with a single tenant and an actively paying tenancy, the Atlanta Metro Plaza offers a simple operating model. Prospective investors and tenant representatives can underwrite based on the in-place rental figure provided in the listing materials, while considering how future rent adjustments may align with comparable asking ranges cited by the seller.
Key Highlights
- 7,500 SF Atlanta metro retail plaza built in 1978
- Single‑tenant property at 1297 Mount Zion Rd in Morrow, GA
- In‑place rent is approximately $6.44/SF in one tenant space
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 | $164.7k | $21.96 |
| − Vacancy | −$14.0k | −$1.87 |
| EGI | $150.7k | $20.09 |
| − OpEx | −$45.2k | −$6.03 |
| NOI | $105.5k | $14.07 |
7,500 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,490 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,758 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
Demographics for 30260, GA
27,864
Population
9,858
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
78%
High-School Grad
10.9 sq mi
ZIP Area
2,556
Density / Sq Mi
$55,212
Median Household Income
$34,692
Median Earnings
$1,391
Median Rent
$189,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant retail plaza offered for sale in the Atlanta metro, with existing rental income under a below-market rate per seller.
Where is this retail space located?
The property is located at 1297 Mount Zion Road Morrow, GA.
What is the asking price?
The asking price for this property is $1,159,948.
What are key features of this property?
This property features: 7,500 SF Atlanta metro retail plaza built in 1978; Single‑tenant property at 1297 Mount Zion Rd in Morrow, GA; In‑place rent is approximately $6.44/SF in one tenant space
