1304 Hogansville Rd
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1304 Hogansville Rd
5,600 SF 100% Leased Retail Building Lagrange, GA 30241 $620,000 ($111/SF) 8.01% Cap Rate
Executive Summary
- Attractive neighborhood retail center in LaGrange, a growing city 60 miles southwest of Atlanta
- 100% occupied to seven well-established tenants
- All tenants are MTM, creating immediate upside
- The center was built in 2006 and all units have been renovated
- Nearby national tenants include Advance Auto Parts, CVS, and Dollar General, and there are multiple residential communities in the vicinity
- Located 18 minutes from Kia's West Point Assembly Plant, a 2,200-acre, $1.1 billion-dollar facility that employs over 2,700 people and has produced more than 14,000 jobs in the West Georgia region
- Walking distance from Crossvine Village, a 341-acre community with retail, mixed-use, townhomes, and single family and multifamily units
Hogansville Road Plaza is an excellent opportunity for an investor to acquire an exceptional shopping center strategically located in LaGrange, GA, offering strong revenue potential and long-term stability. This established retail hub is positioned along a major road with average daily traffic counts of over 11,500, has 173 feet of frontage on Hogansville Road, and is located in a thriving residential area that continues to grow. Hogansville Road Plaza boasts a diverse mix of local specialty shops, creating a dynamic retail environment that draws a steady flow of foot traffic. With 5,600 square feet of leasable space, this well-maintained center features seven retail units, equipped with HVAC units and ample parking for both customers and tenants.
- 100% occupied to seven well-established tenants
- All tenants are MTM, creating immediate upside
- The center was built in 2006 and all units have been renovated
- Nearby national tenants include Advance Auto Parts, CVS, and Dollar General, and there are multiple residential communities in the vicinity
- Located 18 minutes from Kia's West Point Assembly Plant, a 2,200-acre, $1.1 billion-dollar facility that employs over 2,700 people and has produced more than 14,000 jobs in the West Georgia region
- Walking distance from Crossvine Village, a 341-acre community with retail, mixed-use, townhomes, and single family and multifamily units
Hogansville Road Plaza is an excellent opportunity for an investor to acquire an exceptional shopping center strategically located in LaGrange, GA, offering strong revenue potential and long-term stability. This established retail hub is positioned along a major road with average daily traffic counts of over 11,500, has 173 feet of frontage on Hogansville Road, and is located in a thriving residential area that continues to grow. Hogansville Road Plaza boasts a diverse mix of local specialty shops, creating a dynamic retail environment that draws a steady flow of foot traffic. With 5,600 square feet of leasable space, this well-maintained center features seven retail units, equipped with HVAC units and ample parking for both customers and tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,600 SF
Building Class
C
Year Built
2006
Price
$620,000
Price Per SF
$111
Cap Rate
8.01%
NOI
$49,648
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.60 AC
Zoning
16-CR-MX - District 16 - Corridor Mixed Use District. This zoning district is intended primarily for mixed use development along major transportation corridors.
Parking
33 Spaces (5.89 Spaces per 1,000 SF Leased)
Frontage
173 FT on Hogansville Rd
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $643,440 | |
| Land Assessment | $144,480 | Total Assessment | $787,920 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$144,480
Improvements Assessment
$643,440
Total Assessment
$787,920
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1304 Hogansville Rd
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