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2414 DeKalb Medical Pky

15,240 SF 90% Leased Retail Building Lithonia, GA 30058 $3,100,000 ($203/SF) 6.91% Cap Rate

Investment Highlights

  • Off Covington Highway booming with development and high traffic
  • Rents below market
  • Large 3 acre corner lot

Executive Summary

- 12,240 SF retail center + 3,000 SF car wash
- 9 retail suites + self-service car wash
- Domino's and the car wash drive traffic to the center
- 90% occupancy
- Nearby Kroger, Walgreens, Dollar Tree, and ALDI
- Triple Net (NNN) investment
- No deferred maintenance
- Domino's Anchor | 10 year lease remaining
- Below market rents
- 31,600 AADT

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,240 SF
Building Class
B
Year Built/Renovated
2006/2019
Price
$3,100,000
Price Per SF
$203
Cap Rate
6.91%
NOI
$214,302
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.12
Lot Size
3.00 AC
Zoning
C2 - C-2 - General Commercial
Parking
97 Spaces (6.36 Spaces per 1,000 SF Leased)
Frontage
207 FT on Dekalb Medical Pky

Amenities

  • Monument Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • A
  • 1,500 SF
  • Retail
  • -
  • Now

Newly renovated suite with open ceiling. Corner space with street frontage.

Space Size Space Use Position Available
A 1,500 SF Retail - Now

A

Size
1,500 SF
Space Use
Retail
Position
-
Available
Now

A

Size 1,500 SF
Space Use Retail
Position -
Available Now

Newly renovated suite with open ceiling. Corner space with street frontage.

Nearby Major Retailers

ALDI
Kroger

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-089-02-025
Land Assessment
$392,040
Improvements Assessment
$287,960
Total Assessment
$680,000
  • Listing ID: 34202940

  • Date on Market: 12/14/2024

  • Last Updated:

  • Address: 2414 DeKalb Medical Pky, Lithonia, GA 30058

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