1825 Rockbridge Rd Stone Mountain, GA 30087-3335
- Outlet malls
- 68,216 SF
- 14.10 lot acres
Current Use by Public Records
- NCG Cinema - Stone Mountain / Cinema / Theater & Performing Art Venue
- Heroes At Home Barber Shop / Barber Shop
- SALON J. CHRISTIAN / Hair Salon
- Huskers Cafe (Stone Mountain) / Cafe & Coffee Shop
- Walmart Curbside Testing / Medical Laboratory
Property Details for 1825 Rockbridge Rd
- Year built
- 1988
- Lot size
- 14.10 lot acres
- Property size
- 68,216 SF
- Zone code
- C2-GENERAL BUSINESS
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 6-060 -089
- APU
- 6060089
Description
This exceptional Class A, 135,865 square foot shopping center in Stone Mountain, GA (Atlanta MSA) presents a compelling investment opportunity. The property boasts a 94% occupancy rate across 19 tenants in 22 units, anchored by a high-traffic Walmart Supercenter. Built in 1988 with renovations in 2006 and 2020, the three, single-story buildings sit on a 14.1-acre lot with 771 parking spaces. The center features a strong mix of national and regional tenants, including Harbor Freight, Conn's, NCG Cinema, and others, contributing to an attractive weighted average lease term of 6.69 years. Its strategic location at a highly trafficked intersection (over 80,000 vehicles per day) on Rockbridge Rd SW, between US-78 and Stone Mountain Park (4 million annual visitors), provides exceptional visibility and accessibility. The property benefits from strong economic drivers, including a nearby Amazon fulfillment center and a proposed Costco. The C-2 zoning allows for a variety of uses, making this a stable, core investment in a high-growth area of the Atlanta metro area. The property's location within the dominant retail node of Stone Mountain serves a large Gwinnett County trade area, further enhancing its investment potential. This is a rare opportunity to acquire a well-positioned, high-performing retail center with a proven track record of success. The property's APN is R6060 089.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $13,210,000
- 6.5%
- $12,190,000
- 7%
- $11,320,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $10,940,000
Market price range: $2.51M - $10.9M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $18,425,000 Current use
- RESTAURANT
- $18,470,000 Change: +0% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $17,975,000 Change: -2% Conversion: Moderate
- OFFICE BUILDING
- $16,650,000 Change: -10% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Stone Mountain
- County
- Gwinnett
- State
- Georgia
- Longitude
- -84.1228
- Latitude
- 33.824
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
