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- LoopNet Team
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
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
Parcel Number | 16-021-07-002 | Improvements Assessment | $2,327,232 |
Land Assessment | $175,168 | Total Assessment | $2,502,400 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 16107083
Date on Market: 5/20/2019
Last Updated:
Address: 3414-3590 Panola Rd, Lithonia, GA 30038
The Retail Property at 3414-3590 Panola Rd, Lithonia, GA 30038 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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