Property summary
This exceptional investment opportunity presents a 4.36-acre, Class B shopping center located at 754 Beaver Ruin Rd, Lilburn, Georgia, 30047. The property boasts approximately 40,000 square feet of space distributed across two, two-story buildings. Built in 1983 and renovated in 2015, the center currently enjoys 100% occupancy, with two tenants. One tenant, a skate center, has a lease expiring April 2024, with a potential buyout option. The second tenant, currently owner-occupied, will vacate at any time. The property features a desirable corner lot with 657 feet of frontage on Beaver Ruin Road, offering excellent visibility and accessibility. Zoned C1, this property presents significant redevelopment potential. The asking price is $5,200,000. Leases are NNN, with rent bumps included. The property benefits from a prime location near I-85, Pleasant Hill Road, and Highway 29, ensuring high traffic volume and convenient access. This is an ideal opportunity for owner-users or investors seeking a strong return in a rapidly developing area. The property's current occupancy provides immediate cash flow, while the potential for redevelopment offers long-term growth prospects. The existing leases provide a stable income stream until redevelopment plans are implemented.
Property profile
VerifiedCap rate & NOI
Current use
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Family Recreation Center
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2-GENERAL BUSINESS · Lilburn, GAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C2-GENERAL BUSINESS in Lilburn, GA.
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