1825 Rockbridge Rd | Stone Mountain, GA 30087
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1825 Rockbridge Rd
Stone Mountain, GA 30087
Stone Mountain Festival · Retail Property For Sale
Investment Highlights
- SHADOW-ANCHORED BY HIGHLY VISITED WALMART SUPERCENTER
- SIGNALIZED ACCESS ON HIGHLY TRAFFICKED INTERSECTION WITH STREET FACING FACADES AND LARGE MONUMENT SIGN
- ATTRACTIVE FUNDAMENTALS IN HIGH-GROWTH, ATLANTA MSA
- STABLE RENT ROLL WITH ATTRACTIVE WALT OF 6.69 YEARS AND NATIONAL TENANTS UNDER LONG TERM LEASES
- STRONG ECONOMIC DRIVERS / IMMEDIATELY ADJACENT TO NEWLY PROPOSED MIXED-USE DEVELOPMENT
Executive Summary
As exclusive advisor, Newmark is pleased to present for sale Stone Mountain Festival – a 135,865 SF, 94% occupied community shopping center in Stone Mountain, Georgia (Atlanta MSA). Shadow-anchored by a Walmart Supercenter, the property is strategically positioned between Stone Mountain Freeway (US-78) and Rockbridge Road – boasting an impressive traffic count over 80,000 VPD. National and regional tenants account for an impressive 75% of the occupied GLA including Harbor Freight, Conn’s, NCG Cinema, Cricket Wireless, Oak Street Health, American Deli, Mattress Firm, GameStop and others.
Positioned immediately east of Stone Mountain Park, Georgia’s most popular attraction with 4 million annual visitors, Stone Mountain Festival is situated in the heart of Stone Mountain’s dominant retail node serving an expansive Gwinnett County trade area. The trade area has seen positive momentum with the recent addition of an Amazon fulfillment center employing 5,000+ people and a newly proposed Costco set to be developed directly across US-78 from the subject property. Other notable retailers in the immediate corridor include Lowe’s, LA Fitness, Ross, Bealls, Marshalls and the proposed Costco. Stone Mountain Festival provides an attractive risk-adjusted return opportunity to buy into a stable, core tenant base in a sought after suburb of Atlanta, which is shadow-anchored by a highly productive Walmart Superstore.
Positioned immediately east of Stone Mountain Park, Georgia’s most popular attraction with 4 million annual visitors, Stone Mountain Festival is situated in the heart of Stone Mountain’s dominant retail node serving an expansive Gwinnett County trade area. The trade area has seen positive momentum with the recent addition of an Amazon fulfillment center employing 5,000+ people and a newly proposed Costco set to be developed directly across US-78 from the subject property. Other notable retailers in the immediate corridor include Lowe’s, LA Fitness, Ross, Bealls, Marshalls and the proposed Costco. Stone Mountain Festival provides an attractive risk-adjusted return opportunity to buy into a stable, core tenant base in a sought after suburb of Atlanta, which is shadow-anchored by a highly productive Walmart Superstore.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
135,865 SF
Building Class
B
Year Built
1988
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
14.10 AC
Zoning
C-2, General Business - Community Commercial
Parking
771 Spaces (5.67 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $7,826,720 | |
Land Assessment | $2,517,680 | Total Assessment | $10,344,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,517,680
Improvements Assessment
$7,826,720
Total Assessment
$10,344,400
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