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LNR Partners LLC.  PROPERTIES FOR SALE

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PROPERTY LOCATION
Stonecrest Promenade
8075 Mall Parkway
Lithonia, Georgia 30038
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PROPERTY SUMMARY
Type: Retail
Class: B
Price: Contact Broker   Auction
Measurement/Yardstick: 16,500 Sq Ft
Number of Buildings: 1
Number of Floors: 1
Occupancy: 68%
Year Built: 2005
Year Renovated:
PROPERTY DESCRIPTION
10-unit unanchored retail convenience center consisting of a single-story retail building, built in 2005 on 2.46 acres in Lithonia, GA. Subject has 96 parking spaces (5.92 spaces/1,000 sf). The subject is located adjacent to a former Target (closed Feb. 2015, sold 12/17 to Allen Family Inv for $2.8MM), across the street from Stonecrest Mall (anchored by Dillard's, JC Penney, Sears (dark), Kohl's (dark), sold to athletic facility). 200 acre athletic facility announced in 2017, adjacent to Mall, but funding is from private investors, not public. As of 12/18, no activity on athletic facility. Attracting new tenants to subject property has been extremely difficult due to vacant Target and failing Mall at Stonecrest.
Stonecrest Promenade

For more information contact  

Eva Horton
Newmark Grubb Knight Frank
ehorton@ngkf.com
Tel: 803-779-8600
http://www.ngkf.com


Any information that may be provided by LNR Partners, LLC. under this “General Property Information” is for informational purposes only and is subject to change at any time without notice at the sole and absolute discretion of LNR Partners, LLC. This is not to be construed as an offer, commitment or promise of any kind by LNR Partners, LLC. Please contact the appropriate individual referred to above for more information on this property. The information provided herein has been obtained from third party sources. While LNR Partners, LLC. has no reason or basis to doubt the accuracy of such information, LNR Partners, LLC. makes no guarantee, covenant, warranty or representation about its accuracy and disclaims any liability with respect thereto. It is your responsibility to confirm that this information is accurate and complete.

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