6525 Tara Blvd Jonesboro, GA 30236-1227

Property Details for 6525 Tara Blvd

Year built

2013

Lot size

0.73 lot acres

Property size

9,580 SF

Zone code

MX

Property type

Retail space

APN

13-142D- E-007

APU

13142DE007

Description

This exceptional value-add opportunity presents a 120,439 square foot shopping center in Jonesboro, Georgia. Located on an 8.1-acre site at 6525 Tara Blvd, this Class B property boasts a 100% occupancy rate, generating a strong NOI of $332,618 (pro-forma NOI of $335,780), and a 7.23% cap rate (pro-forma 7.30%). The property features a mix of tenants, including a credit-rated CSL Plasma, which occupies a significant portion of the space under a 15-year lease with annual rent increases. The center also includes a 135-booth discount mall, contributing to the overall income stream. Built in 1963, the single-story building benefits from excellent visibility and accessibility, situated on Tara Blvd, a major thoroughfare with over 54,000 vehicles per day, and in close proximity to I-75 (over 141,000 VPD). The property's strategic location within Clayton County, one of Georgia's fastest-growing counties, and its proximity to downtown Atlanta (12 miles) and Southern Regional Medical Center, positions it for continued success. The South Atlanta retail market, with over 37.5 million square feet, shows a low average vacancy rate of 5%, and submarket rent rates for comparable properties are $15.65 NNN. This investment offers a compelling combination of strong cash flow, significant upside potential, and a prime location within a thriving market. The asking price is $4,600,000, translating to a price per square foot of $38.19.

Location Insight

City

Jonesboro

County

Clayton

State

Georgia

Longitude

-84.3731

Latitude

33.5764

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments