$3,500,000

4035 Jonesboro Rd

Forest Park, GA 30297

Contact

Max Albers

404-865-3926

[email protected]

Categories: , ,

Description

Global Shoppes at 4035 Jonesboro Road is a +/- 79,805 SF center featuring +/- 39,805 SF of retail space and +/- 40,007 SF of flex/warehouse space with 12 loading docks. Located only .6 miles off I-285, 4035 Jonesboro Rd sees 28,970 VPD. The property is in close proximity to a number or national brands such as Home Depot, Chevron and Exxon, Enterprise, Family Dollar and United Rentals, as well as local attractions like Scott’s Antique Market which draws thousands from around the state every first weekend of the month.

Value-add property with immense upside potential. Currently, all leasing and management is internally handled by the owner. With below-market rents and 43.6% leased, the property has a current gross annual income of $289,800. If properly managed/leased with market-rate rent escalations implemented, investors can see upwards of $700,000 in gross annual income. Recent improvements include new roof and gutters with 15 year warranty in 2020.

To learn more information about 4035 Jonesboro Road, check out the property flyer.

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