Mcdonough, GA 30253,559 Jonesboro RD
Mcdonough, GA 30253,559 Jonesboro RD
Mcdonough, GA 30253,559 Jonesboro RD
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$2,225,000
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14,607 SqFt
New

559 Jonesboro RD Mcdonough, GA 30253

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UPDATED:

01/16/2025 03:40 AM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 14,607 sqft

Price per Sqft $152

MLS Listing ID 7506080

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 2004

Annual Tax Amount $22,969

Tax Year 2024

Lot Size 1.374 Acres

Acres 1.374

Property Description

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

State GA

County Henry

Zoning C

Lake Name None

Rooms

Other Rooms None

Basement None

Interior

Interior Features Recessed Lighting, Reception Area, Restrooms, Track Lighting

Heating Central

Cooling Central Air

Flooring Hardwood, Carpet, Luxury Vinyl

Window Features Aluminum Frames

Exterior

Parking Features Parking Lot

Fence None

Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Other

Roof Type Metal

Street Surface Concrete

Private Pool false

Building

Lot Description Level, Shopping Center

Story One

Foundation Slab

Level or Stories One

Structure Type Brick

New Construction No

Construction Status Resale

Others

Senior Community no

Tax ID 09101021004

Special Listing Condition None


First Multiple Listing Service(FMLS)
Listed by Keller Williams Realty Atlanta Partners

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agent

Toi Nottingham

Agent | License ID: 375490

+1(404) 458-8831

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559 Jonesboro RD