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    1971 Jonesboro Rd McDonough, GA 30253

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail center, prime location.

    Lot size:
    34,508 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Towne Centre Village, located at 1971 Jonesboro Rd, McDonough, GA 30253, presents a compelling investment opportunity in a thriving retail corridor. This 34,508 square foot neighborhood center, built in 2004, boasts excellent street visibility on Jonesboro Road, a major thoroughfare with over 16,600 vehicles passing daily. Its strategic position directly across from Henry Town Center ensures high foot traffic and exposure to a substantial customer base. The center features ample parking with 214 spaces, accommodating both tenants and shoppers. Towne Centre Village is anchored by a strong and diverse tenant mix, including established businesses such as T-Mobile, Marble Slab Creamery, American Deli, OneMain Financial, Beauty World, and Red Wing Shoes. This established center offers multiple tenancy opportunities, providing flexibility for investors seeking a diversified portfolio. The property's location within a well-developed area of McDonough, Georgia, ensures consistent demand and strong potential for future growth. The absence of internet cafes further distinguishes this property, offering a unique opportunity within the current market. This is an exceptional opportunity to acquire a well-established retail center in a high-growth area.

    Property Features for 1971 Jonesboro Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    34,508 SF

    Building Details

    Year Built
    2004

    Unit(s) available at that property

    Space
    Suite 2021
    Size
    1,232 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    American Deli Restaurant

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McDonough
    County
    Henry
    State
    Georgia
    Longitude
    -84.222827652949
    Latitude
    33.464118176072

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail center, prime location.
    Where is this neighborhood center located?
    The property is located at 1971 Jonesboro Rd McDonough, GA.
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    1971 Jonesboro Rd McDonough, GA 30253
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    McDonough, GA 30253
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1971 Jonesboro Rd McDonough, GA 30253
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