6811 Tara Blvd Jonesboro, GA 30236-1501

This fee-simple, 10,000 square foot shopping center in Jonesboro, Georgia, presents a compelling value-add investment opportunity. Located on Tara Boulevard, a high-traffic thoroughfare with over 70,000 vehicles daily, the property boasts a 100% occupancy rate with two tenants under triple-net (NNN) leases. The Class B, single-story building, constructed in 1985, features a strong net operating income (NOI) of $99,038, yielding an attractive 8.50% cap rate. Current rents average $9.84 per square foot, significantly below market rates of $16.89 per square foot, offering substantial upside potential for future rental increases. The property's low-maintenance NNN leases minimize landlord responsibilities, limited to roof and parking lot maintenance. Tenants include a long-standing Cash America Pawn (over 25 years) and New Orleans Seafood (over 10 years), demonstrating a history of tenancy stability. The asking price is $1,165,000, or $116.50 per square foot, representing a price well below replacement cost. This stabilized investment offers a blend of immediate income and long-term growth potential, making it an ideal addition to any portfolio. The property's location on a busy thoroughfare ensures strong retail demand, further enhancing its investment appeal. Annual rental escalations are in place for at least one tenant.