Property profile

2361 Dekalb Medical Pkwy Lithonia, GA 30058

OFF-MARKET
Retail space
Property ID
US22-1132295
8,708 SF 2.19 ac lot Built 2005
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This 1,213 square foot retail space is available for lease within The Shops @ Aldi, located at the highly visible intersection of Covington Hwy and Dekalb Medical Pkwy in Lithonia, Georgia. Boasting a prominent location with approximately 35,200 AADT, this property benefits from exceptional street visibility and high traffic counts. The Shops @ Aldi is anchored by Aldi and is surrounded by other major national retailers including Kroger, Walgreens, Family Dollar, and AutoZone, ensuring a strong customer base. The property's strategic location is further enhanced by its proximity to Emory Hillandale Hospital and Dekalb Medical at Hillandale, approximately half a mile away. The surrounding area is experiencing rapid growth and is densely populated with residential communities, providing a consistent flow of potential customers. The total building size is 8,500 square feet, with multiple tenancies. This space offers a 3-7 year lease term at a triple net (NNN) rental rate of $24.50 per square foot per year. The lease rate excludes utilities, property expenses, and building services. This is an exceptional opportunity for businesses seeking high visibility and a strong customer base in a thriving retail environment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 8,708 SF
Lot 2.19 ac (95,222 SF)
Zoning code C1
APN 16 089 04 003
UPID US22-1132295

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Mobile Phone Store Electronics & Wireless Store
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Insurance Agency
  • Hair Salon
  • Nail Salon

Location

2361 Dekalb Medical Pkwy Lithonia, GA 30058-4101
Lithonia metro Census 23327 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.89M
Comparable Approach Comparable
$969k
Blend (final) Blend
$465k

Owner & transaction history

since 2016
4 recorded transactions
2016
Price N/A
2016
$1.7M
2007
Price N/A
2005
$235,000

Zoning & alternative use

C1 · Lithonia, GA
Zoning description

The purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.9M +28.8%
Apartment house (5+ units) $1.8M +26.1%
Neighborhood: shopping center $1.6M +12.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2361 Dekalb Medical Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message