5295 Stone Mountain Hwy Stone Mountain, GA 30087

Property Details for 5295 Stone Mountain Hwy

Year built

2012

Lot size

10.06 lot acres

Property size

45,200 SF

Zone code

C2-GENERAL BUSINESS

Property type

Individual retail properties

APN

6-061 -009

APU

6061009

Description

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.

Location Insight

City

Stone Mountain

County

Gwinnett

State

Georgia

Longitude

-84.1142

Latitude

33.8243

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments