Property summary
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
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Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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