Property profile

1516 Southlake Pkwy Morrow, GA 30260

OFF-MARKET
Outlet malls
Property ID
US22-1826297
76,142 SF 6.46 ac lot Built 1987
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Southlake Festival offers 139,264 square feet of prime retail space in Clayton County. This high-performing power center boasts a coveted location adjacent to Southlake Mall, providing exceptional visibility and accessibility from I-75, a major thoroughfare with over 200,000 vehicles passing daily. The center features eight suites, ranging from a minimum of 784 square feet to a maximum contiguous space of 10,708 square feet. Currently, 26,068 square feet are available for lease. Strong anchors such as Burlington and TJ Maxx ensure a robust and desirable tenant mix. Multiple access points along South Lake Parkway/Mt. Zion Road and direct access from Jonesboro Road provide convenient ingress and egress. The property benefits from an unmatched demographic profile, with nearly 200,000 residents within a 5-mile radius, exhibiting continuously growing blue-collar incomes. This translates to significant foot traffic and a strong consumer base. Two former restaurant spaces are also available, presenting unique opportunities for food and beverage establishments. This exceptional location and strong tenant base make Southlake Festival an ideal investment opportunity for discerning businesses.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1987
Total area 76,142 SF
Lot 6.46 ac (281,441 SF)
Zoning code C
APN 12-111A- B-009
UPID US22-1826297

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing & Fashion Store
  • Postal Service Courier Service
  • Military Recruiting Office

Location

1516 Southlake Pkwy Morrow, GA 30260-3021
Morrow metro Census 40424 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.94M
Blend (final) Blend
$845k

Owner & transaction history

since 2011
2 recorded transactions
2018
Price N/A
2011
Price N/A

Zoning & alternative use

C · Morrow, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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