The Shoppes at Noah's Ark | 1820 Noah's Ark Rd
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The Shoppes at Noah's Ark 1820 Noah's Ark Rd
11,280 SF 100% Leased Retail Building Jonesboro, GA 30236 £2,738,575 (£243/SF) 6.06% Net Initial Yield
Investment Highlights
- Tons of Parking Space (96)
- 4000 sq ft Retail pad available to generate upto $10k monthly extra income
- Highly Visible Corner Property
Executive Summary
Unlock the incredible potential of this retail gem! Recently, the owner invested $400K to build a brand-new 4,500 sq ft grocery store, so you don’t have to worry about goodwill. Plus, with the game machine contract open, there's an additional revenue opportunity. Located at a high-traffic intersection, the grocery store is projected to generate $150,000 in monthly sales.
This property also features a pad-ready corner lot for a 4,000 sq ft build-to-suit, allowing for easy expansion. With two entrances, approved beer, wine, and tobacco licenses, and five fully-leased units with stable, long-term tenants, you’re set for immediate and steady income.
And here’s the kicker: The property’s 2024 appraisal value is an impressive $3.2 million. This is a wow-worthy deal for both investors and owner-operators looking for a high-yield, turnkey investment!
This property also features a pad-ready corner lot for a 4,000 sq ft build-to-suit, allowing for easy expansion. With two entrances, approved beer, wine, and tobacco licenses, and five fully-leased units with stable, long-term tenants, you’re set for immediate and steady income.
And here’s the kicker: The property’s 2024 appraisal value is an impressive $3.2 million. This is a wow-worthy deal for both investors and owner-operators looking for a high-yield, turnkey investment!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,280 SF
Building Class
B
Year Built/Renovated
2008/2024
Price
£2,738,575
Price Per SF
£243
Net Initial Yield
6.06%
NOI
£165,945
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.09
Lot Size
3.03 AC
Zoning
GB - GB zoning stands for General Business zoning. This zoning designation is typically intended for a wide range of commercial uses.
Parking
96 Spaces (8.51 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Monument Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 102
- 1,320 SF
- Office/Retail
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 102 | 1,320 SF | Office/Retail | - | 30 Days |
102
| Size |
| 1,320 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
PROPERTY TAXES
| Parcel Number | 06-0035C-00A-001 | Total Assessment | £298,176 (2024) |
| Land Assessment | £142,124 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £156,052 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
06-0035C-00A-001
Land Assessment
£142,124 (2024)
Improvements Assessment
£156,052 (2024)
Total Assessment
£298,176 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
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The Shoppes at Noah's Ark | 1820 Noah's Ark Rd
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