8220 Tara Blvd Jonesboro, GA 30236-3104
- Retail space
- 12,600 SF
- 1.15 lot acres
Current Use by Public Records
- Exotic Pleasures / Novelty Store / Adult Dvd Store
Property Details for 8220 Tara Blvd
- Year built
- 1996
- Lot size
- 1.15 lot acres
- Property size
- 12,600 SF
- Zone code
- C
- Property type
- Retail space
- APN
- 13-239B- C-006
- APU
- 13239BC006
Description
This exceptional investment opportunity presents a fully established retail center in Jonesboro, GA, boasting a substantial 12,600 square feet on a 1.15-acre lot with 147 feet of road frontage. The property includes a thriving adult novelty store, a separate tattoo parlor, and a smoke shop, all operating under one roof within a clean, well-maintained building. The business has a proven track record, operating successfully for over two decades, and generated $806,000 in total sales during 2024. This high-volume, high-traffic location benefits from excellent visibility and exposure in a rapidly growing area, offering a rare 16% cap rate. The sale price of $3,650,000 includes the real estate, the established business, and all existing inventory. The property features several value-added opportunities, including ample warehouse space and the potential for a game machine room. Additional amenities include multiple offices and bathrooms. This turnkey operation is ideal for an owner-occupant seeking a profitable venture or an investor looking for a strong, established, and high-return investment. A non-disclosure agreement (NDA) is required before providing further due diligence materials.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $555,000
- 6.5%
- $550,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $615,000
- Geo Method
- $535,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $485,000
- Retail
- $610,000
- Mixed-Use
- $610,000
- Hospitality
- $510,000
- Educational
- $465,000
- Residential Income
- $500,000
- Energy
- $570,000
- Income-Based Land
- $645,000
- Food Service
- $475,000
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Clayton
- State
- Georgia
- Longitude
- -84.3626
- Latitude
- 33.53
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA