Value-Add Retail Strip Center | 19+ acres
Introducing an exceptional investment opportunity in the heart of Lithia Springs, GA. This 7,200 SF, 5-unit property, built in 2004 is strategically positioned at a signaled intersection, this center gains tremendous exposure from 47,000 average daily vehicles. Cross traffic from surrounding flex and residential type assets ensures constant consumer exposure. Great potential for lease conversion (NN/NNN), increase pass-through expenses/CAM, and enhancing tenant mix presents outstanding upside. Sale includes 18.68 acres in excess land. ~2.5 acres previously excavated and two independent ingress and egress routes, offering expansion or development opportunities. Please find more Images, Drone Video, Matterport and Financials at LoopNet, CoStar and Ten-X platforms. Signaled Intersection Traffic Count: 49,000 ADV Excess Land: 18.68 acres 19 Years Depreciation Remaining $80k Added Income Potential
| Property Type | Retail |
|---|---|
| Year Built | 2004 |
| Sub-Lease | 5 |
| Zoning | PUD |
| Tax Year | 2022 |
| Average Daily Rate | 100 |
| Listing ID | SEZRRG |
| Style | Retail Bldg -Local Strip |
| Building Size | 7,200 SF |
| Lot Size | 19.68 AC |
| Taxes | $18,076 |
Area Description: Positioned at a signaled intersection within Douglas County retail/flex corridor, State Route 6 (SR6) - 47.3k VPD. This location is 1,500ft East from U.S Route 78 (US 78) - 18.6k VPD and 2 miles West from Interstate 20 (I-20) - 132k VPD.
| Parking Ratio: | 6.1 |
| Parking Places: | 44 |
| Lot Size: | 10-20 Acres |