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3414-3590 Panola Rd
Lithonia, GA 30038

Salem Crossing - Food Depot & Dollar Tree · Retail Property For Sale

Investment Highlights

  • Anchor suites are leased to Dollar Tree and Food Depot through 2022
  • Cell tower with in place income included
  • Major retailers nearby, such as Publix, Walmart, Lowe's and more
  • 14 additional small shop suites and a restaurant out parcel
  • Upside from 1 vacant suite and 1 vacant out parcel
  • Traffic count of 31,000 vehicles passing per day

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
66,052 SF
Building Class
C
Year Built
1989
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.16
Lot Size
9.74 AC
Zoning
C1 - Shopping Center
Parking
450 Spaces (6.81 Spaces per 1,000 SF Leased)

About 3414-3590 Panola Rd , Lithonia, GA 30038

Salem Crossing is a large retail center with 2 anchor suites and 14 easy-to-lease small shop suites, 2 of which are restaurant space. Also included is a restaurant out parcel, which is currently vacant, and a cell tower leased to Diamond Towers through 2033. The anchor suites are leased through 2022 by national and regional credit tenants, Dollar Tree and Food Depot. Dollar Tree, Inc. is an American chain of discount variety stores that sells items for $1 or less. Headquartered in Chesapeake, Virginia, it is a member company of Fortune 500 and operates 13,600 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of eleven distribution centers. The company operates one-dollar stores under the names of Dollar Tree and Dollar Bills. The company also operates multi-price-point variety chains under the names Deals and Family Dollar. Dollar Tree competes in the dollar store and low-end retail markets. Food Depot is an Employee Owned company that serves their customer base with 41 stores, which has expanded outside the Atlanta Metropolitan area to include stores in West Georgia, Columbus, Dublin and Macon areas. The stores range in size from 18,000 square feet to 50,000 square feet, and consist of five customary departments; Grocery, Dairy, Frozen Food, Meat and Produce.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-021-07-002
Land Assessment
$175,168
Improvements Assessment
$2,327,232
Total Assessment
$2,502,400
  • Listing ID: 16107083

  • Date on Market: 5/20/2019

  • Last Updated:

  • Address: 3414-3590 Panola Rd, Lithonia, GA 30038

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