Village Square 5561 Memorial Dr

A value-add through lease-up of vacant space and a potential out-parcel. Lease up of vacant spaces available for immediate occupancy at competitive rents. The emission center offers another great opportunity for an out-parcel for a quick-service restaurant. Asset is being offered at a significant discount to replacement cost; however, the asset will require significant capital to make it rent ready.
This strategic location offers a great opportunity for investors and developers a unique chance to revitalize and transform the property into a thriving residential or other use redevelopment, capitalizing on the area's growth potential.
The property enjoys easy ingress and egress due to a curb cut on Memorial Drive, as well as one at Village Square Drive. The property is located at a high traffic count intersection with 64,000+/- cars per day along Memorial Drive, the dominant commercial corridor of DeKalb County.
Terms:
Village Square is priced for a quick sell at a significant discount to replacement cost and is not being offered based on a CAP
rate or subject to financing. NOI: $148,968
The asset is not being offered for sell subject to approval of any zoning for redevelopment purposes. Ownership is seeking qualified buyer for a quick closing.
Located 15 miles east of Atlanta, Stone Mountain is a city in the eastern part of DeKalb County, Georgia and is an outer suburb of the Atlanta Metropolitan area. It was host to some of the 1996 Olympic Games events and is home to Stone Mountain Park, Georgia’s most visited attraction. The town is named for Stone Mountain, the largest exposed granite dome in North America. Stone Mountain harbors plant and animal life found in no other place in the world. It is also the site of a famous giant carving commemorating the military leaders of the Confederacy, as well as a state park and museum, including a steam railroad.
DeKalb County is the Third Largest County in the State of Georgia trailing only Fulton and Gwinnett Counties. Nearly a fifth of the businesses located in Metro Atlanta’s 20 counties are located in DeKalb County. The county is also home to more than 150 international facilities, or more than 15 percent of the metro Atlanta total. Businesses have good reasons to come to DeKalb. The State of Georgia and DeKalb County offer a variety of tax exemptions and expansion incentives to new business.
Situated on 13.172 acres, Village Square is a neighborhood retail center strategically located at a signalized intersection across the street from a Chic Fil A on Memorial Drive in Stone Mountain, Georgia. The center benefits from roadside views from both Memorial Drive while traveling in either direction. The center enjoys easy ingress and egress from a curb cuts on Memorial Drive, two ingress and egress along Village Square Drive, as well as connectively with the adjacent center.