Freestanding Two-Tenant Retail
1889 Jonesboro Road McDonough, GA 30253
New
For Sale
Contact for pricing
Newly constructed 2024 building with two suites leased on new 10-year NNN terms to That Burger Spot and HOTWORX.
Property Size4,000 SF
Lot Size1.39 Acres
Price / SF$475
Days on Market7
Property Features for 1889 Jonesboro Road
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.39 Acres
Property subtype
Retail
Building Details
Year Built
2024
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Marc Irvin · License #GA: 348971
Source:
Crexi
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 26 at 10:54AM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
Newly constructed in 2024, this freestanding retail property is a two-tenant building totaling 4,000 SF on 1.39 acres. The concrete block and steel-frame construction includes an accent brick veneer. The space is offered under new 10-year NNN leases to That Burger Spot and HOTWORX, with $1.00/SF annual rent increases, tenant-funded interior buildouts, and multiple personal guarantees. The units are subdividable, supporting future flexibility.
The property is located within Henry Marketplace, a 200,000+ SF collection of freestanding and inline retail. It is adjacent to retailers including Floor & Decor, Dick’s Sporting Goods, Best Buy, and Sam’s Club, and is positioned across from Henry Town Center. The asset is reported to be one block west of I-75 and just south of Atlanta, with a reported 2.0% submarket vacancy rate per CoStar and strong population and employment growth based on the property’s marketing materials.
The property is located within Henry Marketplace, a 200,000+ SF collection of freestanding and inline retail. It is adjacent to retailers including Floor & Decor, Dick’s Sporting Goods, Best Buy, and Sam’s Club, and is positioned across from Henry Town Center. The asset is reported to be one block west of I-75 and just south of Atlanta, with a reported 2.0% submarket vacancy rate per CoStar and strong population and employment growth based on the property’s marketing materials.
Key Highlights
- 2024 freestanding retail building with 2,000 SF per suite (4,000 SF total) on 1.39 acres in Henry Marketplace
- Fully leased to That Burger Spot and HOTWORX under new 10‑year NNN leases with multiple personal guarantees
- NNN leases include $1.00/SF annual rent increases
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 | $87.8k | $21.96 |
| − Vacancy | −$7.5k | −$1.87 |
| EGI | $80.4k | $20.09 |
| − OpEx | −$24.1k | −$6.03 |
| NOI | $56.3k | $14.07 |
4,000 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$803.7K
$703.3K – $937.7K
NOI $56,262 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$978.4K – $1.30M
NOI $78,271 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Sam's Club Floral — 1765 Jonesboro Rd, McDonough, GA 30253
- D.C.J. Flowers And Gift Shop — Located inside Peachtree Peddle, 155 Mill Rd, McDonough, GA 30253
Frequently Asked Questions
What type of property is this?
Storefront property - Newly constructed 2024 building with two suites leased on new 10-year NNN terms to That Burger Spot and HOTWORX.
Where is this storefront property located?
The property is located at 1889 Jonesboro Road McDonough, GA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 2024 freestanding retail building with 2,000 SF per suite (4,000 SF total) on 1.39 acres in Henry Marketplace; Fully leased to That Burger Spot and HOTWORX under new 10‑year NNN leases with multiple personal guarantees; NNN leases include $1.00/SF annual rent increases
