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16.8 Acre Bank Owned Redevelopment Opportunity

Bull Realty is pleased to present the opportunity to acquire a value add or redevelopment property on the Memorial Drive corridor in the Stone Mountain submarket of Atlanta.

The 16.8 acre site is an improved multi-tenant retail center built in 1973 that includes a 143,800 SF main building and a 2,670 SF outparcel building.

Investment Highlights:
  • Well below replacement cost at $17.38/SF
  • Potential to re-sell outparcel
  • Commanding roadside visibility
  • Cell tower and billboard lease
  • Traffic count of 30,800 vehicles per day
  • 600’ frontage on Memorial Drive
  • 620’ frontage on Hambrick Rd.
  • Signalized intersection
  • Submarket retail performance trend is positive since 2013

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