2414 DeKalb Medical Pky
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2414 DeKalb Medical Pky
15,240 SF 90% Leased Retail Building Lithonia, GA 30058 £2,456,224 (£161/SF) 6.91% Net Initial Yield
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
- 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
£2,456,224
Price Per SF
£161
Net Initial Yield
6.91%
NOI
£169,798
Percent Leased
90%
Tenancy
Multiple
Number of Floors
1
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
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 |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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
PROPERTY TAXES
| Parcel Number | 16-089-02-025 | Improvements Assessment | £228,159 |
| Land Assessment | £310,625 | Total Assessment | £538,785 |
PROPERTY TAXES
Parcel Number
16-089-02-025
Land Assessment
£310,625
Improvements Assessment
£228,159
Total Assessment
£538,785
1 of 15
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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2414 DeKalb Medical Pky
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