1331 Mount Zion Rd Morrow, GA 30260
- Lifestyle centers
- 6.04 lot acres
Current Use by Public Records
- JenCare Senior Medical Center / Medical Clinic
- Dr. Evelyn Campbell-Bayaan / Family Practice Physician / Practitioner Service Location
- Geoffrey Ngeny / Internist
- Dr. Shahid Rafique / Internist / Practitioner Service Location
- Adrienne Mims / Family Practice Physician / Practitioner Service Location
Property Details for 1331 Mount Zion Rd
- Year built
- 1983
- Lot size
- 6.04 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 65,267 square foot multi-tenant shopping center located at 1331 Mt Zion Rd, Morrow, GA 30260. The property sits on a 6.04-acre lot and boasts a 92.34% occupancy rate with 13 diverse tenants, including national brands like Humana, Lens Crafters, and H&R Block, along with a drive-through ATM. Built in 1983, this center benefits from its prime location within the Mount Zion Retail Corridor, a thriving 3.1 million square foot retail and community destination anchored by Southlake Mall and Highway 54. The Southlake Mall's recent reinvention as a hybrid shopping and community center, coupled with the nearby Morrow Center Special Events Venue and the under-development $117 million Clayton Convocation Center, ensures continued growth and high foot traffic. This asset offers a compelling cap rate of 10%, translating to a strong net operating income. The low price point of $89 per square foot presents a low-risk, high-reward opportunity for investors seeking above-market returns in a rapidly developing area. The diverse tenant mix and relatively small suite sizes minimize risk and maximize potential for future rent increases. This property is being offered via auction.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morrow
- County
- Clayton
- State
- Georgia
- Longitude
- -84.3465
- Latitude
- 33.5708
