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10459 Tara Blvd
Jonesboro, GA 30236
Stratford at Lovejoy Village · Retail Property For Sale


Investment Highlights
- Stratford at Lovejoy Village is an 11,100-square-foot unanchored Kroger shadow retail center located along Tara Boulevard in Jonesboro in Atlanta MSA
- Positioned within the Kroger-anchored Lovejoy Village retail node, the center benefits from over 1.3 million annual visits
- Most in-place rents are below current market levels, offering investors the opportunity to capture rental upside over time
- The property features a diversified mix of service, restaurant, beauty, and entertainment tenants that generate consistent daily traffic
- The property is positioned along Tara Boulevard, a primary retail corridor with traffic counts exceeding 47,000 vehicles per day
- All leases include contractual rent increases, providing built-in income growth for future ownership
Executive Summary
Stratford at Lovejoy Village is an 11,100-square-foot unanchored Kroger shadow retail center located along Tara Boulevard in Jonesboro, Georgia, within the Atlanta MSA. The property features a diversified mix of service, restaurant, beauty, and entertainment tenants that generate consistent daily traffic and are largely resistant to e-commerce disruption. Positioned within the Kroger-anchored Lovejoy Village retail node, the center benefits from over 1.3 million annual visits and is surrounded by national retailers and neighborhood-serving businesses that drive steady consumer activity throughout the corridor.
The property is positioned along Tara Boulevard, a primary retail corridor with traffic counts exceeding 47,000 vehicles per day. Most in-place rents are below current market levels, offering investors the opportunity to capture rental upside over time. Additionally, all leases include contractual rent increases, providing built-in income growth for future ownership. Stratford at Lovejoy Village offers investors the opportunity to acquire a well-located neighborhood retail asset supported by strong surrounding demographics, with population projected to exceed 111,000 residents within a five-mile radius and average household income expected to surpass $101,000 within five years.
The property is positioned along Tara Boulevard, a primary retail corridor with traffic counts exceeding 47,000 vehicles per day. Most in-place rents are below current market levels, offering investors the opportunity to capture rental upside over time. Additionally, all leases include contractual rent increases, providing built-in income growth for future ownership. Stratford at Lovejoy Village offers investors the opportunity to acquire a well-located neighborhood retail asset supported by strong surrounding demographics, with population projected to exceed 111,000 residents within a five-mile radius and average household income expected to surpass $101,000 within five years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,100 SF
Building Class
B
Year Built
2005
Price
$2,794,800 CAD
Price Per SF
$251.78 CAD
Cap Rate
7%
NOI
$195,636 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
2.91 AC
Zoning
GB - General Business District
Parking
90 Spaces (8.11 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 06-00094-095-016 | Improvements Assessment | $803,752 CAD |
| Land Assessment | $166,756 CAD | Total Assessment | $970,508 CAD |
Property Taxes
Parcel Number
06-00094-095-016
Land Assessment
$166,756 CAD
Improvements Assessment
$803,752 CAD
Total Assessment
$970,508 CAD
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