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    281 Upper Riverdale Rd Jonesboro, GA 30236

    Sponsored
    For Sale
    $8,250,000

    High-return NNN leased storefront, strong tenant.

    Property size:
    112,562 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 112,562 square foot, single-tenant, freestanding retail building located at 281 Upper Riverdale Road, Jonesboro, GA 30236. The property, built in 1986 and extensively renovated in 2021, boasts a 100% occupancy rate with a credit-rated tenant, Fine Fabrics, under a Net Lease (NNN) agreement. The current lease commenced October 7, 2021, and has a remaining term of approximately 4.9 years, expiring October 30, 2029. The asking price is $8,250,000, representing a 7.20% cap rate and a pro-forma cap rate of 13.24%. The property generates a current NOI of $594,068 and a pro-forma NOI of $1,092,000. Significant renovations totaling $1,715,000 were completed in 2021-2022, encompassing roof replacement, electrical and plumbing upgrades, new HVAC systems, epoxy flooring, interior and exterior painting, alarm system installation, LED lighting, and sprinkler system repairs. The 22.42-acre lot provides ample parking for 300 vehicles. The property is zoned GB and strategically located between Highway 75 and Tara Boulevard, offering excellent visibility and accessibility. This is a rare opportunity to acquire a high-performing, well-maintained retail asset with a strong tenant and significant upside potential.

    Property Features for 281 Upper Riverdale Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    112,562 SF
    Class
    C
    Lot Size
    976,615 SF

    Building Details

    Year Built/Renovated
    1986/2021
    Stories
    1
    Units
    1

    HighLights

    • Excellent location between I‑75 and Tara Boulevard.
    • 112,562‑square‑foot freestanding building.
    • 2.5‑acre lot.
    • 300 parking spaces.
    • GB zoning allows for diverse uses.
    • Fine Fabrics occupies the space with a 5‑year lease backed by personal and corporate guarantees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fine Fabrics Fabric Store Shadow Barber Shop Barber Shop Visual Sensations Ink ... Tattoo Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Clayton
    State
    Georgia
    Longitude
    -84.381359
    Latitude
    33.580894

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    FAQs

    What type of property is this?
    Individual retail property - High-return NNN leased storefront, strong tenant.
    Where is this individual retail property located?
    The property is located at 281 Upper Riverdale Rd Jonesboro, GA.
    What is the asking price?
    The asking price for this property is $8,250,000.
    What are key features of this property?
    This property features: Excellent location between I-75 and Tara Boulevard.; 112,562-square-foot freestanding building.; 2.5-acre lot.
    Request Owner's contact information
    281 Upper Riverdale Rd Jonesboro, GA 30236
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    Jonesboro, GA 30236
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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
    281 Upper Riverdale Rd Jonesboro, GA 30236
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