1296 Ga-138 Riverdale, GA 30296
- Lifestyle centers
- 11,340 SF
- 1.96 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1296 Ga-138
- Year built
- 2008
- Lot size
- 1.96 lot acres
- Property size
- 11,340 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 11,340 square foot shopping center in Riverdale, Georgia, located at 1296 GA-138, zip code 30296. The property, built in 2008, sits on a 1.96-acre lot and boasts a 100% occupancy rate with a strong tenant mix, including Little Caesars. The multi-tenant building features eight units and offers a current Net Operating Income (NOI) of $145,854, with a pro-forma NOI of $147,962, resulting in a 7.20% cap rate and a pro-forma cap rate of 7.30%. The asking price is $2,027,000, representing a fee simple ownership. The property benefits from high visibility on Highway 138, experiencing over 26,500 average daily traffic. Its strategic location provides easy access and is situated within a thriving area with a population exceeding 180,000 within a five-mile radius and within two miles of the Atlanta airport. The zoning is GB. The current lease terms for the tenants average seven years remaining. This turnkey investment offers stable cash flow and significant potential for future growth, making it an attractive opportunity for investors seeking a below-replacement-cost asset in a high-traffic location. The property is meticulously managed and offers ample parking. The majority of tenants have occupied the space since the building's construction in 2008.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverdale
- County
- Clayton
- State
- Georgia
- Longitude
- -84.4326
- Latitude
- 33.5499
