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2418 Devonian Dr Villa Rica, GA 30180

OFF-MARKET Lifestyle centers Google Maps
18,014 SF 1.88 ac lot Built 2006
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 18,014-square-foot retail center in Villa Rica, Georgia, presents a compelling investment opportunity. The property boasts a 100% occupancy rate, anchored by a Dollar General store since 2005, and complemented by two additional tenants, all operating under triple-net (NNN) leases. Built in 2006, this shopping center sits on a 1.88-acre lot and benefits from built-in rent bumps. The property generates a strong net operating income (NOI) of $181,080, resulting in an attractive 8.00% capitalization rate. Priced at $2,263,500 ($125.65/sq ft), this investment offers ease of management and significant upside potential. Its prime location on Devonian Drive provides easy access via Interstate-20, experiencing a high daily traffic volume of 78,000 vehicles. The center is strategically situated within the thriving Mirror Lake community, a rapidly growing area with over 1,300 homes and a substantial population base of 38,000+ within a 5-mile radius. The property's proximity to Atlanta (approximately 30 minutes) further enhances its appeal. Nearby established businesses include Publix, Wendy's, McDonald's, Taco Bell, Dunkin', and Wells Fargo, creating a strong retail synergy. This is a rare opportunity to acquire a well-performing, stable retail investment in a high-growth market.

Property profile

Verified
Property type Lifestyle centers
Year built 2006
Total area 18,014 SF
Lot 1.88 ac (81,893 SF)

Cap rate & NOI

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

Value estimations

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Owner & transaction history

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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