Stone Mountain Retail Shopping
5895 Memorial Dr Stone Mountain, GA
5895 Memorial Dr, Stone Mountain, GA, 00000
Contact for pricing
For Sale
Contact for pricing
29,346 SF retail shopping center in Stone Mountain, GA.
Property Size29,346 SF
Lot Size1.56 Acres
Price / SF$163.57
Days on Market592
Property Features for 5895 Memorial Dr
General Information
- Standard status
- Active
- Size
- 29,346 SF
- Lot size
- 1.56 Acres
- Property subtype
- RETAIL
Listing agency
Sands Investment Group (SIG) - Corporate
(404) 207-1171
Listed by
Andrew Ackerman
(770) 626-0445
Source
Moodyscre
Added: Dec 6, 2024 Updated: Jul 6 at 10:23AM Checked: Jul 19 at 3:18AM
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 (SIG) - Corporate
Investment Insights
Based on property information with market context.
The Memorial Plaza Shopping Center, a 29,346 square foot retail property, is available for purchase. It is located at 5895 Memorial Drive in Stone Mountain, GA. The property benefits from its location on a busy street with high traffic, providing a consistent flow of potential customers. The location offers excellent visibility from all directions, ensuring that the property and its tenants are easily seen by a wide audience. The surrounding area includes a Walmart shopping supercenter on one side and a Dekalb County Public Safety School on the other. The demographics within a 3-mile radius include a population of 97,664 residents with an average household income of $60,017.
Key Highlights
- Prime location in Stone Mountain, GA
- High traffic location on a bustling street
- Excellent visibility from all corners
Local 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 | $644.4k | $21.96 |
| − Vacancy | −$54.8k | −$1.87 |
| EGI | $589.7k | $20.09 |
| − OpEx | −$176.9k | −$6.03 |
| NOI | $412.8k | $14.07 |
29,346 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.90M
$5.16M – $6.88M
NOI $412,763 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.20M
$7.18M – $9.57M
NOI $574,233 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Creative Designz & Signz ...
Marketing & Advertising
BMG Wholesale
Big Box & Wholesale Store
Figure 8 Body ...
(Bike/Boat/Book/etc) Store
Dance for Joi Dance ...
Training Center
Platinum Elite Dance ...
Training Center
Similar For Sale Nearby
Similar Off Market Nearby
- Village Square Commons — 665 Village Square Dr, Stone Mountain, GA 30083
- Gabrielle — 4351 Village Square Ln, Stone Mountain, GA 30083
- Value Mall — 5616 Memorial Dr, Stone Mountain, GA 30083
- Good Vibes Only Store ATL — 5615 Memorial Dr Suite 601 H, Stone Mountain, GA 30083
- Village Square — Memorial Dr, Stone Mountain, GA 30083
FAQs
What type of property is this?
Shopping center - 29,346 SF retail shopping center in Stone Mountain, GA.
Where is this shopping center located?
The property is located at 5895 Memorial Dr Stone Mountain, GA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Prime location in Stone Mountain, GA; High traffic location on a bustling street; Excellent visibility from all corners
