Tara Blvd Jonesboro, GA 30236
- Retail properties
- 12,600 SF
- 1.15 lot acres
Current Use by Public Records
- Retail properties
Property Details for Tara Blvd
- Year built
- 1996
- Lot size
- 1.15 lot acres
- Property size
- 12,600 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fully established, high-volume retail center in Jonesboro, GA. The property boasts a substantial 12,600 square feet of space, strategically situated on a 1.15-acre lot with 147 feet of prominent road frontage. The property includes a well-established adult novelty store operating for over two decades, complemented by a thriving tattoo parlor and smoke shop, all operating within the main building. This unique combination generates a significant net operating income (NOI) of $1,110,620, translating to an attractive 30% capitalization rate. The sale includes the real estate, existing inventory, and all three established businesses. The clean and well-maintained building offers ample space, including several offices, bathrooms, and warehouse storage. Additional value-added opportunities exist, such as the potential development of a game machine room. This prime location in a rapidly growing area ensures continued high traffic and strong potential for future growth. The property is offered at $3,650,000. A non-disclosure agreement (NDA) is required before providing the full address and detailed due diligence materials.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Clayton
- State
- Georgia
- Longitude
- -84.3824
- Latitude
- 33.5863
