Morrow Retail Investment
For Sale
Contact for pricing
Pending
1891 Mt Zion Rd, Morrow, GA 30260
Retail property with long-term lease in high-traffic location.
Property Size5,775 SF
Days on Market157
Property Features for 1891 Mt Zion Rd
General Information
Standard status
Pending
Size
5,775 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Stabilized
Net Operating Income
$107,703
Building Details
Year Built
1996
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Lineberry Real Estate
Listed By:
Bradford Lineberry · License #TN 361841
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 12 at 8:15AM
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 Lineberry Real Estate
Investment Insights
Based on property information with market context.
Located at 1891 Mount Zion Road in Morrow, GA, this property is currently leased to AT&T. The site is positioned approximately 16 miles south of downtown Atlanta. The property offers a long-term lease with New Cingular Wireless PCS, a subsidiary of AT&T, with multiple lease extensions. Situated along Mt Zion Road, the location benefits from high visibility, with a daily traffic count of 21,000 vehicles. It is also near I-75, which sees 128,000 vehicles daily. The property is located in a retail area with over 1 million square feet of retail space. The area has experienced an 11% increase in population since 2010 within a 10-mile radius. The property size is 5775 square feet.
Key Highlights
- Long‑term lease with New Cingular Wireless PCS (AT&T subsidiary) with multiple lease extensions, ensuring stable income.
- Prime location with high visibility on Mt Zion Road (21,000 daily vehicle count) and close proximity to I‑75 (128,000 daily vehicle count).
- Located in a thriving retail area with over 1 million square feet of retail space.
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
$81,228
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
5.12%
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%
$1,624,560
$1.6M
Cap Rate 7%
$1,160,400
$1.2M
Cap Rate 9%
$902,533
$902.5K
Market Conditions
NOI Build-Up for 5,775 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
$126.8K $21.96/SF
− Vacancy
−$10.8K −$1.87/SF
EGI
$116.0K $20.09/SF
− OpEx
−$34.8K −$6.03/SF
NOI
$81.2K $14.07/SF
Area
Clayton County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,624,560
Cap Rate 7%
$1,160,400
Cap Rate 9%
$902,533
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.35M
NOI $81,228 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $113,003 @ 7.0% cap · market cap 7.13%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with long-term lease in high-traffic location.
Where is this retail space located?
The property is located at 1891 Mt Zion Rd Morrow, GA.
What is the asking price?
The asking price for this property is $1,585,000.
What are key features of this property?
This property features: Long‑term lease with New Cingular Wireless PCS (AT&T subsidiary) with multiple lease extensions, ensuring stable income.; Prime location with high visibility on Mt Zion Road (21,000 daily vehicle count) and close proximity to I‑75 (128,000 daily vehicle count).; Located in a thriving retail area with over 1 million square feet of retail space.
