Active

New

559 Jonesboro Road

Mcdonough GA, 30253

$2,225,000


$152.32 per sqft

Active

New

14,607 sqft

Commercial

Built in 2004

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 and 14,607 square feet shopping center has incredible visibility and long-term, stable tenants. Offering an attractive 8.4% Pro Forma cap rate, all leases are modified gross leases with a total annual income of $191,038, including all CAM. Two tenants are to extend their leases by 6% annually for an additional 3-year term starting June 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.

10439736

MLS ID

January 14, 2025

Listed

January 17, 2025

Updated

Map

559 Jonesboro Road
Mcdonough GA, 30253

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

1.37 Acres


Lot Features

Level, Near Public Transit


Roof

Metal


Sewer

Public Sewer

Other Property Details

Taxes

$22,969


Tax Frequency

Annually


Days on Market

3


Garage

No


Parking

Parking Lot, Paved


Parking Total

0


View

No


County

Henry


Water Source

Public


Pool

No

Listed with Keller Williams Realty Atl. Partners

Based on information from Georgia MLS as of 1/17/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2025 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed. 

Data last updated 2:17 PM UTC, 1/17/2025

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