Community Shopping Center with Diverse Rent Roll
Anchored By National, Household Brands
Retail Corridor Location
Well Positioned Within 1,000 Acre Master-Planned Development
REO Auction Sale by a Special Servicer
RealINSIGHT Marketplace and Holliday Fenoglio Fowler, L.P. are pleased to present the opportunity to acquire Stonecrest Marketplace a community shopping center located in the Lithonia/Conyers submarket of Lithonia, Georgia, approximately 20 miles east of Atlanta, just off Interstate-20. Situated on 24.6 acres, the subject is improved by three (3) single-story buildings originally constructed in 2002. The Property features a rent roll with a mix of 17 tenants. The primary building includes Ross Dress for Less, DSW, Marshalls, former Big Lots, and Petco and comprises 231,693 square feet. An adjacent building includes Staples, Fatou Hair Braiding, and a vacant space and comprises 26,916 square feet. The third building consists of Children’s Dentistry and a vacant space and comprises a total of 6,000 square feet.
Located at the intersection of Turner Hill Road and Mall Parkway, with a traffic count of 20,000 VPD, Stonecrest Marketplace is well-positioned within the heart of a 1,000-acre development consisting of office, residential, entertainment, hotels, a power center and restaurants. Adjacent the subject is the 1.2 million square foot super-regional mall, the Mall at Stonecrest, which includes key tenants such as Macy’s, Dillard’s, JCPenney and Dick’s Sporting Goods, among others. Also, within proximity to the Property is the development of Atlanta Sports City, a 200-acre, $200 million athletic facility that is scheduled to be delivered in early 2020.
Stonecrest Marketplace offers a potential investor the opportunity to acquire a shopping center that is well positioned within a developing region outside Atlanta and within proximity to a diverse set of local demand drivers.
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Lamar P. Fisher
Fisher Auction Company Inc.