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    5295 Stone Mountain Hwy Stone Mountain, GA 30087

    For Sale
    Contact for pricing

    LA Fitness-anchored retail center, high occupancy.

    Property size:
    83,291 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A, 83,291 square foot shopping center presents a compelling value-add investment opportunity. Located in Stone Mountain, Georgia, within the Atlanta MSA, this multi-tenant property boasts a strong anchor tenant: LA Fitness, occupying 45,000 square feet and attracting over 300,000 visitors annually. The center also features a mix of national and regional tenants including Total by Verizon, Hair Clippers, Republic Finance, and Athlete's Foot. Built in 1983 and renovated in 2012 (with the addition of LA Fitness), the property currently enjoys an 89% occupancy rate. Strategically situated at the signalized intersection of Stone Mountain Highway (GA 78) and East Park Place Boulevard, this prime location benefits from high traffic volume (43,568 AADT) and a strong demographic profile, with an average household income of $116,000 and a median household income of $74,704. The property is offered free and clear of existing debt, and approximately 9,240 square feet of available space provides immediate upside potential. Its proximity to Interstate 285 and Stone Mountain Park (attracting over 4 million visitors annually) further enhances its desirability. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving market. The property's strong tenant mix, high occupancy, and significant upside potential make it an ideal investment for discerning buyers.

    Property Features for 5295 Stone Mountain Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    83,291 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1983/2012
    Buildings
    2

    HighLights

    • LA Fitness, a national tenant with a B1 Moody's rating, has occupied the space since 2013.
    • LA Fitness boasts over 300,000 visitors annually, demonstrating strong tenant performance.
    • 9,240 square feet of readily available space offers significant upside potential.
    • The property exhibits consistent growth, with a 3.7% three‑year and 2.8% five‑year compound annual growth rate (CAGR).
    • Strategically located on Stone Mountain Highway (GA 78), a major retail thoroughfare with 43,568 average annual daily traffic (AADT).
    • The property serves a desirable demographic with an average household income of $116,000 and a median household income of $74,704.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amazon Counter - Max ... Mailing Service Mountain East Shopping ... Business Center Dr. Larry Heit Ophthalmologist Dr. Stacy Reynolds Obstetrician-Gynecologist Gertrude Anyakwo Obstetrician-Gynecologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Stone Mountain
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.113942989743
    Latitude
    33.823190074277

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    FAQs

    What type of property is this?
    Lifestyle center - LA Fitness-anchored retail center, high occupancy.
    Where is this lifestyle center located?
    The property is located at 5295 Stone Mountain Hwy Stone Mountain, GA.
    What are key features of this property?
    This property features: LA Fitness, a national tenant with a B1 Moody's rating, has occupied the space since 2013.; LA Fitness boasts over 300,000 visitors annually, demonstrating strong tenant performance.; 9,240 square feet of readily available space offers significant upside potential.
    Request Owner's contact information
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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
    5295 Stone Mountain Hwy Stone Mountain, GA 30087
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