559 Jonesboro Road

Highlights:

• Lot Features: Level, Shopping Center
• Number Of Buildings: 1
• Bathrooms Total: 0
• Documents Available: Aer Photo, Lease, Legal Desc, Other, Traf Count
• Cooling: Central Air
• Heating: Central
• Electric: Other
• Flooring: Hardwood, Carpet, Luxury Vinyl
• Construction Materials: Brick
• Parking Features: Parking Lot
• Accessibility Features: None
• Security Features: Security Lights

Description:

Elevate your investment portfolio with a PRIME 87.5% 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 strip plaza has incredible visibility and long-term, stable tenants. All leases are modified gross leases with a total annual income of $191,038. Two tenants with upcoming renewals are to extend their leases by 6% annually for an additional 3-year term starting July/August of 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.