Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space Near I-75 Title is generated by Realmo AI

    2142 Highway 20 W, McDonough, GA 30253

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space for lease anchored by Publix in McDonough, GA.

    Type:Retail, Restaurant
    Added:
    Sep 5, 2024
    Days on Market:
    634
    Last Refresh:
    May 12 at 9:52 pm

    Property Features for 2142 Highway 20 W

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 2142 Highway 20 W Contact us

    We can help!

    Listing Contact
    Jordan Titshaw

    Listing agent Jordan Titshaw License #GA

    Listing office Phillips Edison & Company

    Listing date Sep 5, 2024

    Source Crexi

    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 Phillips Edison & Company

    HighLights

    • Anchored by Publix, a major grocery store chain.
    • Located in McDonough, GA, a suburb of Atlanta.
    • Offers retail space for lease.
    • Strong tenant mix.
    • Prime access to I‑75.

    Overview

    The Shops at Westridge, anchored by Publix in McDonough, Georgia, a suburb of Atlanta, offers retail space for lease. The center features a strong tenant mix and prime access to I-75.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy 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
    -84.0908
    Latitude
    33.48599

    Nearby Similar for Lease

    • $2,300/Mo
      1,500 SF

      Professional Office Space Available

      1,500 SF office space near McDonough Square.
      360 Racetrack Road, Mcdonough, GA 30252
      View Details
    • $2,300/Mo
      1,500 SF

      Professional Office Space Available

      1,500 SF office space near McDonough Square.
      362 Racetrack Road, Mcdonough, GA 30252
      View Details
    • $2,000/Mo
      14,898 SF

      Move-In Ready Retail Space

      1,200 SF retail space in a well-maintained retail center.
      2137 Hwy 155 N, Mcdonough, GA 30252
      View Details
    • $3,400/Mo
      8,160 SF

      Retail/Office Suites Near I-75

      Flexible suites for lease in McDonough, GA.
      191 Jonesboro Road, Mcdonough, GA 30253
      View Details
    • $1,173/Mo
      782 SF

      Office Space Near Downtown McDonough

      782 SF office space for lease near downtown McDonough.
      2202 Commerce Place, Mcdonough, GA 30253
      View Details
    • $1,102/Mo
      782 SF

      Office Space Near Downtown

      735 SF office space for lease near downtown McDonough.
      2204 Commerce Place, Mcdonough, GA 30253
      View Details
    • $2,875/Mo
      2,760 SF

      Office Space in Mcdonough, GA

      Office space for rent in Mcdonough, Georgia.
      400 Highway 81 E, Mcdonough, GA 30252
      View Details
    • $1,200/Mo
      785 SF

      Professional Office Space Near Square

      Two-office commercial building near McDonough Square available for rent.
      84 Hood St, Mcdonough, GA
      View Details
    • $2,700/Mo
      1,296 SF

      Downtown McDonough Office Space Available

      1296 SF office space near McDonough square for rent.
      70 Atlanta Street, Mcdonough, GA 30253
      View Details
    • $10 SF/Yr
      1,250 SF

      Office and Warehouse Space Available

      Flex space with office, warehouse, and fenced outside storage.
      317 Westridge Pkwy, Mcdonough, GA 30253
      View Details
    • $12 SF/Yr
      1,250 SF

      Office and Warehouse Space Available

      Multi-tenant building with office and warehouse space for rent.
      433 McDonough Parkway, McDonough, GA 30253
      View Details
    • $12 SF/Yr
      1,250 SF

      Office/Warehouse Space with Dock Door

      Office and warehouse space featuring dock and drive-in doors.
      433 McDonough Parkway, McDonough, GA 30253
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease anchored by Publix in McDonough, GA.
    Where is this retail space located?
    The property is located at 2142 Highway 20 W McDonough, GA.
    What are key features of this property?
    This property features: Anchored by Publix, a major grocery store chain.; Located in McDonough, GA, a suburb of Atlanta.; Offers retail space for lease.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jordan Titshaw
    Real Estate License ID: GA
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2142 Highway 20 W, McDonough, GA 30253
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!