McDonough Shopping Center

386-242 Highway 155 South,
McDonough, GA
Retail

Key Highlights

Sep 2023
Purchase Date
$6.2M
Purchase Price
11%
Target Avg. CoC
36,000
GLA Sq. Ft
77,853
Population (5Mile)
$72,536
Avg. Income (5Mile)

Summary

McDonough Village South is a 6.70-acre strip center located at 386-424 Hwy 155. The center was built in 2004 and offers a total gross leasable area (GLA) of 36,000 square feet.

It is currently 100% occupied with long-term, stable tenants . Additional highlights include a dedicated turn lane, a prominent pylon sign, and a frontage of 508 feet along GA-155 Hwy.

The strip center's desirable location, amenities like dedicated turn lanes and ample parking, and positive market conditions in McDonough contribute to its long-term growth potential.

Investment highlights

100% Leased and Income Generating

The property is fully leased, and it is currently generating income from its tenants.

Convenient Location near Atlanta, GA and Major Highways

The property is located just 30 minutes away from Atlanta, GA and is in close proximity to major highways such as I-75 and State Highway, ensuring easy accessibility.

Attractive Rental Rates Below Market Value

The average rent for the property is approximately 18% below market value, offering tenants an affordable housing option.

Strong Year-Over-Year Rent Growth in the Area

The area surrounding the property has experienced robust year-over-year rent growth of 6.9%, indicating a positive trend for future returns.
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Summary

McDonough Village South is a 6.70-acre strip center located at 386-424 Hwy 155. The center was built in 2004 and offers a total gross leasable area (GLA) of 36,000 square feet.

It is currently 100% occupied with long-term, stable tenants . Additional highlights include a dedicated turn lane, a prominent pylon sign, and a frontage of 508 feet along GA-155 Hwy.

The strip center's desirable location, amenities like dedicated turn lanes and ample parking, and positive market conditions in McDonough contribute to its long-term growth potential.

Investment highlights

100% Leased and Income Generating

The property is fully leased, and it is currently generating income from its tenants.

Convenient Location near Atlanta, GA and Major Highways

The property is located just 30 minutes away from Atlanta, GA and is in close proximity to major highways such as I-75 and State Highway, ensuring easy accessibility.

Attractive Rental Rates Below Market Value

The average rent for the property is approximately 18% below market value, offering tenants an affordable housing option.

Strong Year-Over-Year Rent Growth in the Area

The area surrounding the property has experienced robust year-over-year rent growth of 6.9%, indicating a positive trend for future returns.

Key Highlights

Sep 2023
Purchase Date
$6.2M
Purchase Price
11%
Average CoC
36,000
GLA Sq. Ft
77,853
Population (5Mile)
$72,536
Avg. Income (5Mile)