McDonough Commons
Closed1541 Highway 20 W, McDonough, GA 30253
Property type
Retail
Price
$9,500,000
Building size
70,955 sf
Rentable area
70,955 SF
Year built
2017
Year renovated
Occupancy
Zoning code
Lot size
11.05 Acres
Sold/status
Sold · Date unknown
Sale price
$9500000
Property description
Franklin Street presents McDonough Commons, a 70,955-SF retail center in McDonough, Georgia. The center is located just 25 miles southeast of downtown Atlanta. Newly constructed in 2017, the center had tenant store openings late 2017 and early 2018. The property has a strong national tenant retail lineup with Burlington, Tuesday Morning, Pet Supermarket, Great Clips, and Sprint occupying spaces in the center. McDonough Commons is well located on the heavily traveled Highway 20 just off Interstate 75. The center has three access points off Highway 20 and shares a lighted intersection with South Pointe. The property offers a new investor a stable return with long term leases from the anchors of 15 and 10 years, with upside by leasing the last remaining 5,000 SF vacancy. The retail node has strong pull from the surrounding counties due to the 700,000-SF regional power center, South Pointe, which is located across the street from McDonough Commons. Surrounding national retailers include: Walmart, Lowe’s, JCPenney, Academy Sports, Hobby Lobby, Kohl’s, Five Below, TJMaxx, Ulta, Havertys, among many others, bringing shoppers to this area.
Property highlights
- New 15-Year lease from Burlington (BB Stable S&P 500 Credit Rating) Fortune 500 Company
- 92.95% Leased by national tenant lineup
- Located across from the 700,000-SF Henry Town Center
- Heavily trafficked corridor - 22,700 VPD on Hampton Rd (Hwy 20)
- Scheduled rent increases during initial term for leases
- New construction - no deferred maintenance for new owner
- Upside in leasing new 5,000-SF unit in the center
- Surrounded by national retailers including: Academy Sports, Hobby Lobby, JCPenney, Kohl’s, Rooms To Go, Party City, Five Below, among others