17 Monroe Hwy Winder, GA 30680-7186
- Grocery and convenience stores
- 47,148 SF
- 5.90 lot acres
Current Use by Public Records
- Shoe Show / Shoe Store / Fashion Accessories Store
- Creative Nail & Spa / Nail Salon
- Winder Kickboxing / Physical Fitness Program
- Hong Kong Restaurant / Restaurant / Chinese Restaurant
- Papa John's Pizza / Pizza Restaurant
Property Details for 17 Monroe Hwy
- Year built
- 1994
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 5.90 lot acres
- Property size
- 47,148 SF
- Zone code
- I
- Property type
- Grocery and convenience stores
- APN
- WN22 001
- APU
- WN22001
Description
Winder Corners Shopping Center, located at 17 Monroe Hwy, Winder, GA 30680, presents a compelling investment opportunity. This 164,592-square-foot retail center boasts a 95.2% occupancy rate and sits on a substantial 24.5-acre lot with 1,500 feet of frontage on Monroe Highway. Built in 1994, the center is anchored by Publix, a dominant Southeastern grocery chain, whose lease has recently been extended through 2034 with options. Other key tenants include Beall's, UPS Store, GNC, Cato, and Anytime Fitness, representing a mix of national and local businesses. The center's diverse tenant mix occupies 24 suites. The property benefits from its location in rapidly growing Barrow County, less than three miles from GA-316, a major thoroughfare connecting Atlanta and Athens. Originally anchored by Publix and Kmart, the Kmart space has been subdivided to accommodate additional tenants. The current rent roll shows a significant discount to market rates, presenting an attractive value proposition for investors. The high volume of traffic and prominent location make this a strong retail investment. The property's size and tenant mix offer a stable income stream with significant upside potential. Annual visits to the shopping center are estimated at 1,500,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $925,000
- 6.5%
- $845,000
- 7%
- $870,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $970,000
- Geo Method
- $810,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $700,000
- Retail
- $670,000
- Mixed-Use
- $840,000
- Hospitality
- $890,000
- Educational
- $810,000
- Residential Income
- $685,000
- Energy
- $865,000
- Income-Based Land
- $885,000
- Food Service
- $880,000
Location Insight
- Map
- Local Demand
- City
- Winder
- County
- Barrow
- State
- Georgia
- Longitude
- -83.7139
- Latitude
- 33.9792
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA