1700 Eatonton Rd Madison, GA 30650

Property Details for 1700 Eatonton Rd

Year built

1999

Lot size

7.47 lot acres

Property size

67,286 SF

Zone code

C3

Property type

Strip malls

Property subtype

Neighborhood centers

APN

037E 018

APU

037E018

Description

Madison Crossing, a prime 63,089 square foot shopping center in Madison, Georgia, presents a compelling investment opportunity. This fully leased, single-story retail property boasts 12 tenants, including national brands like Harbor Freight Tools and Marshall's, ensuring strong occupancy and consistent cash flow. The 100% occupancy rate translates to a substantial net operating income (NOI) of $626,070, yielding a 6.80% cap rate on the $9,206,906 asking price. Situated on a 7.5-acre lot at the northeast corner of the Madison Bypass and US 441, this strategically located center benefits from high visibility and accessibility. Its prime location across from Walmart and near Lowe's guarantees significant foot traffic. The property includes 303 parking spaces and is complemented by a variety of nearby dining establishments, including Chick-fil-A, Taco Bell, Dunkin' Donuts, Dairy Queen, Zaxby's, and Bojangles. All tenant leases are currently in their final renewal period, providing an opportunity for future rent increases. The property's strong tenant mix, high occupancy, and strategic location make it an exceptional investment prospect for discerning buyers seeking a stable and profitable retail asset. The price per square foot is $145.94. This is a triple net (NNN) leased multi-tenant property.

Location Insight

City

Madison

County

Morgan

State

Georgia

Longitude

-83.4771

Latitude

33.5664

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments