Active
$2,225,000

559 Jonesboro Road Mcdonough, GA 30253

559 Jonesboro Road 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.

Location

  • Zip Code
    30253
  • City
    Mcdonough
  • County
    Henry - GA

    • Property Data

  • Status
    Active
  • MLS #
    7506080
  • Type
    Commercial
  • Special
    Investor Owned

    • Exterior

  • Construction
    Brick
  • Built In
    2004
  • Stories
    Array
  • Parking
    Parking Lot
  • Utilities
    Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
  • Lot Description
    Level, Shopping Center
  • Acres
    1.374

    • Listing Provided Courtesy Of: Keller Williams Realty Atlanta Partners 678-775-2600

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    Data Last updated on January 23, 2025 11:45am

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