5295 Stone Mountain Hwy Stone Mountain, GA 30087
Property summary
This exceptional Class A, 83,291 square foot shopping center presents a compelling value-add investment opportunity. Located in Stone Mountain, Georgia, within the Atlanta MSA, this multi-tenant property boasts a strong anchor tenant: LA Fitness, occupying 45,000 square feet and attracting over 300,000 visitors annually. The center also features a mix of national and regional tenants including Total by Verizon, Hair Clippers, Republic Finance, and Athlete's Foot. Built in 1983 and renovated in 2012 (with the addition of LA Fitness), the property currently enjoys an 89% occupancy rate. Strategically situated at the signalized intersection of Stone Mountain Highway (GA 78) and East Park Place Boulevard, this prime location benefits from high traffic volume (43,568 AADT) and a strong demographic profile, with an average household income of $116,000 and a median household income of $74,704. The property is offered free and clear of existing debt, and approximately 9,240 square feet of available space provides immediate upside potential. Its proximity to Interstate 285 and Stone Mountain Park (attracting over 4 million visitors annually) further enhances its desirability. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving market. The property's strong tenant mix, high occupancy, and significant upside potential make it an ideal investment for discerning buyers.
Property profile
VerifiedCap rate & NOI
Current use
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Postal Service Courier Service
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Business Service Center Corporate Office
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Ophthalmologist
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Physician
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Physician
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2-GENERAL BUSINESS · Stone Mountain, GAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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