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    Property profile & analytics
    OFF-MARKET Estimated value $3,000,000
    Outlet malls

    1516 Southlake Pkwy, Morrow, GA 30260-3021

    76,142 SF 6.46 ac lot Built 1987
    Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US22-1826297
    Property summary
    AI-generated overview

    Southlake Festival offers 139,264 square feet of prime retail space in Clayton County. This high-performing power center boasts a coveted location adjacent to Southlake Mall, providing exceptional visibility and accessibility from I-75, a major thoroughfare with over 200,000 vehicles passing daily. The center features eight suites, ranging from a minimum of 784 square feet to a maximum contiguous space of 10,708 square feet. Currently, 26,068 square feet are available for lease. Strong anchors such as Burlington and TJ Maxx ensure a robust and desirable tenant mix. Multiple access points along South Lake Parkway/Mt. Zion Road and direct access from Jonesboro Road provide convenient ingress and egress. The property benefits from an unmatched demographic profile, with nearly 200,000 residents within a 5-mile radius, exhibiting continuously growing blue-collar incomes. This translates to significant foot traffic and a strong consumer base. Two former restaurant spaces are also available, presenting unique opportunities for food and beverage establishments. This exceptional location and strong tenant base make Southlake Festival an ideal investment opportunity for discerning businesses.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1987
    Total area 76,142 SF
    Lot 6.46 ac (281,441 SF)
    Zoning code C
    APN 12-111A- B-009
    UPID US22-1826297
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Burlington Clothing & Fashion Store
    • Amazon Locker - Finnian Postal Service Courier Service
    • US Naval Recruiting Military Recruiting Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.94M
    Blend (final) Blend
    $3.00M
    Owner & transaction history
    Burlington Coat Factory Realty · 15 yrs held
    Burlington Coat Factory Realty
    since 2011
    2 recorded transactions
    2018
    2011
    Zoning & alternative use
    C · Morrow, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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