6717 Mt Zion Blvd Morrow, GA 30260-3101
- Retail space
- 8,190 SF
- 2.13 lot acres
Current Use by Public Records
- Retail space
Property Details for 6717 Mt Zion Blvd
- Year built
- 1996
- Lot size
- 2.13 lot acres
- Property size
- 8,190 SF
- Zone code
- GB
- Property type
- Retail space
- APN
- 12-108A- A-001
- APU
- 12108AA001
Description
This exceptional Class A retail shopping center, located at 6717 Mt Zion Blvd in Morrow, Georgia (Clayton County, zip code 30260), presents a compelling investment opportunity. The 13,875 square foot property, built in 1996 and situated on a 2.13-acre lot, features a CVS Pharmacy as its anchor tenant, along with two additional tenants, resulting in a 78% occupancy rate. The property boasts a strong net operating income (NOI) of $233,038, yielding an attractive 8.63% cap rate at an asking price of $2,700,000 ($194.59 per square foot). The current lease is a net lease with a remaining term of 3 years and is corporately guaranteed by CVS Corp, rated S&P "BBB+". The center benefits from a highly visible location on a hard corner with a drive-thru, experiencing combined traffic counts exceeding 29,000 vehicles per day. The surrounding area demonstrates strong demographics, including an average household income within a 1-mile radius of $56,385 and a population exceeding 167,208 within a 5-mile radius. Furthermore, the area shows a population growth rate of 4.51% by 2022 within a 1-mile radius. The property is conveniently located 15 miles south of Atlanta and is surrounded by national retailers such as AutoZone, Ford, Honda, Home Depot, and Publix. The roof was recently replaced in 2014. This is a multi-tenant property with three units in a single, one-story building.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morrow
- County
- Clayton
- State
- Georgia
- Longitude
- -84.3106
- Latitude
- 33.5715
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
