Menu
t r a n s l a t e

Village Square Shopping Center | 114,320 SF

5561 Memorial Drive
Stone Mountain, GA 30083
PRICE : $4,900,000
PROPERTY TYPE: Retail
SITE SIZE: 13.17 Acres
BUILDING SIZE: 114,320 SF

Highlights

  • Well below replacement cost at $42.86/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

Description

Bull Realty is pleased to present the opportunity to acquire the Village Square shopping center, a 114,320 square foot multi-tenant retail center located at 5561-5567 Memorial Drive. Village Square is situated on 13.17 acres in the Stone Mountain, Memorial Drive corridor.

The shopping center offers 520 feet of frontage on Memorial Drive at a signalized intersection on Village Square Drive. The Memorial Drive corridor is a major artery running from Stone Mountain to Downtown Atlanta and offers easy access to Interstates 285 and 85.

Village Square offers an exciting opportunity for an investor to rehabilitate and lease up the existing structure or build from the ground up on the 13.17 acre parcel. The DeKalb County C1 zoning offers a variety of office, retail and service oriented commercial uses. The center is currently 54% occupied. A rent roll is available upon receipt of the signed Confidentiality Agreement.

Request more information