NNN Retail
For Sale
Contact for pricing
5099 Memorial Drive, Stone Mountain, GA 30083
NNN retail property available for sale or lease, with potential tenant improvement or build-to-suite support for a national credit tenant.
Property Size3,355 SF
Price / SF$372.58
Days on Market80
Property Features for 5099 Memorial Drive
General Information
Standard status
Active
Size
3,355 SF
Total Parking Spaces
57
Property subtype
Retail
Zoning
C-1
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1987
Listing Agency:
Rise Property Group
Listed By:
Jason Chaliff · License #GA 342994
(404) 483-4477
Source:
Crexi
Added: Jun 18
Changed: Aug 16
Last Checked: Sep 4 at 12:54PM
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 Rise Property Group
Investment Insights
Based on property information with market context.
Available for sale or lease, this NNN retail building offers approximately 3,355 square feet of space at 5099 Memorial Drive, Stone Mountain, GA 30083. The offering includes a lease structure with NNN master policy and building and liability coverage estimated at approximately $5,500 per year, along with real estate taxes estimated at approximately $11,000 per year.
The landlord is open to providing tenant improvement dollars or build-to-suite dollars for a national credit tenant, depending on final deal terms. This flexibility can be helpful for qualified occupants looking to tailor the space to their requirements within the NNN framework.
The landlord is open to providing tenant improvement dollars or build-to-suite dollars for a national credit tenant, depending on final deal terms. This flexibility can be helpful for qualified occupants looking to tailor the space to their requirements within the NNN framework.
Key Highlights
- 1987‑built NNN retail property available for sale or lease
- Sale price: $1,250,000; lease rate: $7,000/month NNN
- Estimated real estate taxes: approx. $11,000/yr
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
$47,189
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
3.78%
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%
$943,780
$943.8K
Cap Rate 7%
$674,129
$674.1K
Cap Rate 9%
$524,322
$524.3K
Market Conditions
NOI Build-Up for 3,355 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
$73.7K $21.96/SF
− Vacancy
−$6.3K −$1.87/SF
EGI
$67.4K $20.09/SF
− OpEx
−$20.2K −$6.03/SF
NOI
$47.2K $14.07/SF
Area
DeKalb 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%
$943,780
Cap Rate 7%
$674,129
Cap Rate 9%
$524,322
Alternative Uses
Best Use
Retail
$674.1K
$589.9K – $786.5K
NOI $47,189 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$937.9K
$820.6K – $1.09M
NOI $65,650 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
112k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 61%
Dining 24%
Shops & Services 13%
Hotels & Casinos 2%
Ross Dress for Less
Apparel
27,476 visits/mo
0.4 miles
Burlington
Apparel
22,060 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
14,951 visits/mo
0.1 miles
Taco Bell
Dining
9,875 visits/mo
0.3 miles
AutoZone
Shops & Services
5,610 visits/mo
0.1 miles
Demographics for 30083, GA
58,064
Population
24,282
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
17.9 sq mi
ZIP Area
3,244
Density / Sq Mi
$54,162
Median Household Income
$33,586
Median Earnings
$1,356
Median Rent
$221,400
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 - NNN retail property available for sale or lease, with potential tenant improvement or build-to-suite support for a national credit tenant.
Where is this retail space located?
The property is located at 5099 Memorial Drive Stone Mountain, GA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1987‑built NNN retail property available for sale or lease; Sale price: $1,250,000; lease rate: $7,000/month NNN; Estimated real estate taxes: approx. $11,000/yr
