Active
New
559 Jonesboro Road
Mcdonough GA, 30253
$2,225,000
$152.32 per sqft
Active
New
14,607 sqft
Commercial
Built in 2004
Elevate your investment portfolio with a PRIME 100% leased shopping center, Magnolia Village, located in the fastest-growing city of McDonough, GA. Situated on over 1.37 acres of an expansive lot, this center is in the middle of the three high-traffic, busy shopping plazas. Located near a residential area, allowing for a built-in clientele for shopping centers and retail businesses. The established 2004 built and 14,607 square feet shopping center has incredible visibility and long-term, stable tenants. Offering an attractive 8.4% Pro Forma cap rate, all leases are modified gross leases with a total annual income of $191,038, including all CAM. Two tenants are to extend their leases by 6% annually for an additional 3-year term starting June 2025. This investment has multiple income-added opportunities, such as an ATM, Amazon Hub & more. Meticulously managed and maintained with newly resurfaced concrete in the parking lot, this center presents a fantastic turnkey investment. With a convenient setting and a strong tenant mix, Magnolia Village is an exceptional opportunity for investors seeking a lucrative commercial asset in a thriving area.
10439736
MLSⓇ ID
January 14, 2025
Listed
January 17, 2025
Updated
Map
559 Jonesboro Road
Mcdonough GA, 30253
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.37 Acres
Lot Features
Level, Near Public Transit
Roof
Metal
Sewer
Public Sewer
Other Property Details
Taxes
$22,969
Tax Frequency
Annually
Days on Market
3
Garage
No
Parking
Parking Lot, Paved
Parking Total
0
View
No
County
Henry
Water Source
Public
Pool
No
Listed with Keller Williams Realty Atl. Partners
Based on information from Georgia MLS as of 1/17/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Data last updated 2:17 PM UTC, 1/17/2025