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444 Stripling Chapel Rd Carrollton, GA 30117

For Sale
$989,000

High-traffic GA location, development-ready.

Description

Added:
Dec 11, 2024
Days on Market:
360
Exceptional opportunity to acquire a 1.55-acre commercial land parcel in Carrollton, Georgia, situated adjacent to a high-performing Walmart Supercenter generating $122 million in annual sales. This prime location benefits from a recently completed ($8 million) Walmart renovation (January 1, 2023) and is part of a thriving power center node including Lowe's, Dollar Tree, Ruby Tuesday, Moe's, and many other national and local tenants. A Special Use Permit has already been approved, based on existing architectural and engineering plans, to construct a 20,400 square foot retail building with flexibility for office, warehouse, industrial, or flex space. Market rents for similar properties suggest $22.50 per square foot plus NNN. The property is zoned for General Business and Retail/Industrial use, offering a wide range of development possibilities beyond the approved plans. There are no restrictions from Walmart. This site has already generated significant interest from various potential tenants, including fitness centers, restaurants, and other service-oriented businesses. The asking price is $989,000, with a pro-forma NOI of $250,000 and a pro-forma cap rate of 6.50%. This is a rare opportunity to capitalize on a high-demand location with significant development potential and immediate leasing prospects. The property is located at 444 Stripling Chapel Rd, Carrollton, GA 30117.

Property Features for 444 Stripling Chapel Rd

General Information

Property type
Land

Property Profile Insight Report Location Intelligence

Current Use by Public Records

One Twenty Two ... Auto Body Shop 1st Franklin Financial Loan Agency Bealls Outlet - Carrollton ... Outlet Store Dollar Tree Dollar Store

Suggested Use

Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Carrollton
County
Carroll
State
Georgia
Longitude
-85.0775515
Latitude
33.5408357

FAQs

What type of property is this?
Land - High-traffic GA location, development-ready.
Where is this land located?
The property is located at 444 Stripling Chapel Rd Carrollton, GA.
What is the asking price?
The asking price for this property is $989,000.
More about this property
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