1304 Hogansville Rd Lagrange, GA 30241-6664
This exceptional, fully-leased shopping center in LaGrange, Georgia presents a compelling investment opportunity. The 5,600 square foot property, built in 2006 and situated on a 26,343 square foot lot, boasts seven retail units currently operating at 100% occupancy. Each unit is equipped with HVAC, and ample parking is provided for tenants and customers (33 spaces). The property enjoys a prime location on Hogansville Road, a major thoroughfare with over 11,500 average daily vehicles, offering 173 feet of road frontage. The stabilized investment features a 7.75% cap rate and a Net Operating Income (NOI) of $49,330, with a gross lease structure. The property is zoned 16-CR-MX (District 16 - Corridor Mixed Use District) and benefits from its proximity to thriving residential areas, including the nearby Crossvine Village community, and major employers such as Kia's West Point Assembly Plant. The asking price is $646,000 ($115.36/sq ft). This well-maintained center offers a diverse mix of tenants, creating a dynamic retail environment and strong revenue potential. The property's location and tenant mix provide long-term stability and potential for future upside. All tenants are month-to-month, offering immediate upside potential.
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Professional Movers & Storage Moving Company Storage Facility
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BraidsbyLove Hair Salon
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Chewy's Freeze Dried Candy Specialty Food Shop Candy Store
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Grooming by Sav LLC Pet Grooming Service
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Washington Audio & Video LLC Electronics & Wireless Store Big Box & Wholesale Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
16- CR-MX · Lagrange, GACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.