3565 Ga-20 Conyers, GA 30013
- Lifestyle centers
- 26,000 SF
- 3.09 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 3565 Ga-20
- Year built
- 1988
- Lot size
- 3.09 lot acres
- Property size
- 26,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 26,000-square-foot retail center in Conyers, Georgia presents a compelling value-add investment opportunity. Situated on a 3.09-acre lot at 3565 GA-20, zip code 30013, this single-story, 1988-built property boasts 11 units within a single building, currently operating at 85% occupancy. The property features a diverse tenant mix, primarily under short-term, below-market net leases, offering significant upside potential. The current Net Operating Income (NOI) stands at $241,568, yielding an 8.05% cap rate. However, a pro-forma analysis projects a substantial increase in NOI to $300,000, resulting in a 10% cap rate, achievable through lease conversions to triple-net (NNN) leases, market rent adjustments, lease term extensions, and filling existing vacancies. The property's prime location provides excellent access and visibility, situated near Interstate-20. The asking price is $3,000,000. The property is zoned for commercial use and has a Rockdale County APN of 049001021F. This is a rare chance to acquire a well-located retail center with substantial potential for immediate and long-term returns. The modified lease structure allows for flexibility and strategic repositioning. This is a prime investment opportunity with strong in-place cash flow and significant value-add potential.
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
- Conyers
- County
- Rockdale
- State
- Georgia
- Longitude
- -84.0155
- Latitude
- 33.5948
