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559 Jonesboro Road

Mcdonough, GA 30253
  • $2,225,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 7506080
UPDATED: 56 min ago
$2,225,000
  • 0
    BEDS
  • 1.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,607
    SQFT
  • $152
    $/SQFT
Type:
Commercial
Built:
2004
County:
Area:

School Ratings & Info

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 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.

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First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2025 First Multiple Listing Service, Inc. Data last updated 2025-02-07T16:05:50.56. For issues regarding this website, please contact BoomTown.
www.pathpost.com/homes/159428884
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559 Jonesboro Road Mcdonough, GA 30253

  • Price: $2,225,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 56 min ago
  • MLS #: 7506080
0
Beds
0
Baths
0
½ Baths
1.37
Acres
14,607
SQFT
$152
$/SQFT
2004
Built
County:
Henry
Area:
Henry
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 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.
Exterior Features

Construction Materials Brick Fencing None Foundation Slab Lot Features LevelShopping Center Number Of Parking Spaces 0 Other Structures None Parking Features Parking Lot Pool Private YN No Road Front Feet 286 Road Surface Concrete Road Type County Road Roof Type Metal Stories One View Other Waterfront Features None Window Features Aluminum Frames

Interior Features

Basement None Cooling Central Air Flooring HardwoodCarpetLuxury Vinyl Heating Central Interior Features Recessed LightingReception AreaRestroomsTrack Lighting

Property Features

Association YN No Business Type Professional/OfficeOtherRetail Current Zoning C Electric Other Green Energy Efficient None Green Energy Generation None Home Warranty No Lot Size Dimensions 0 Other Equipment Pole Sign Owner Pays All UtilitiesInsuranceManagementRepairs Property Attached YN No Property Condition Resale Recommended Zoning Commercial Sale Includes Building & Land Security Features Security Lights Special Circumstances Investor Owned Special Listing Conditions None Tax Year 2024 Taxes 22969 Type Retail Utilities Cable AvailableElectricity AvailablePhone AvailableSewer AvailableWater Available

Listing provided courtesy of Keller Williams Realty Atlanta Partners: .


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2025 First Multiple Listing Service, Inc. Data last updated 2025-02-07T16:05:50.56. For issues regarding this website, please contact BoomTown.
 
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