Property profile

5540 Jonesboro Rd Morrow, GA 30260

OFF-MARKET
Grocery and convenience stores
Property ID
US22-1185527
4,284 SF 1.44 ac lot Built 2019
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 1,200 square foot retail space is located at 5540 Jonesboro Rd in Lake City, Georgia, within a larger 10,000 square foot building situated on a one-acre lot in Clayton County (zip code 30260). The property is a single-story building with multiple tenancies. Currently, 1,200 square feet is immediately available for lease. The minimum leasable space is 1,200 square feet. This space is ideal for a variety of retail businesses, however, smoke shops, hookah bars, and lounges are not permitted. Prospective tenants must possess a credit score of at least 700 and commit to a minimum three-year lease agreement. The property is conveniently located near a busy gas station, ensuring high visibility and foot traffic. This presents a strong opportunity for a business seeking a well-situated retail space in a high-traffic area. The property offers excellent potential for growth and success. Serious inquiries only.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2019
Total area 4,284 SF
Lot 1.44 ac (62,726 SF)
Zoning code C
APN 12-175C- C-011
UPID US22-1185527

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
  • Restaurant
  • Atm Currency Exchange Service
  • Crypto Atm Atm
  • Atm
  • Gas Station

Location

5540 Jonesboro Rd Morrow, GA 30260-3807
Morrow metro Census 40407 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$694k
Blend (final) Blend
$370k

Owner & transaction history

since 2018
4 recorded transactions
2019
Price N/A
2018
Price N/A
2018
$250,000
2017
$250,000

Zoning & alternative use

C · Morrow, GA
Top alternative use upside
Office building $710,000 +17.1%
Commercial (general) $640,000 +5.7%

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
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