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Stoneway Plaza 1363 Iris Dr SE 22,800 SF 100% Leased Retail Building Conyers, GA 30013 $4,118,725 CAD ($180.65 CAD/SF) 7.50% Cap Rate
Investment Highlights
- 100% Leased- 22,800 square foot shopping center situated on 3 - acre lot with ample parking
- Anchored by Bella Vista a grocery store and Mexican restaurant with over 1,400 google reviews and a high rating of 4.7 stars
- Excellent visibility to I-20 along Iris Drive, a well-traveled local corridor with strong connectivity to surrounding neighborhoods
- Upside potential - average base rent under $13 PSF
- Established internet resistant tenants
- Located between the newly developed power center anchored by Floor & Decor, Academy Sports & Outdoors, and Northern Tool and a brand new hotel
Executive Summary
The subject property is a commercial asset located at 1363 Iris Drive SE in Conyers, Georgia, within the growing Rockdale County submarket of Metro Atlanta. The property includes existing buildings and improvements, offering flexibility for immediate occupancy, repositioning, or long-term investment.
Strategically positioned along a well traveled corridor, the property benefits from proximity to established residential neighborhoods and surrounding retail development, supporting steady consumer demand. Offered at $2,990,000, the asset presents an attractive opportunity for investors or owner-users seeking to capitalize on the continued growth of the Conyers market.
Strategically positioned along a well traveled corridor, the property benefits from proximity to established residential neighborhoods and surrounding retail development, supporting steady consumer demand. Offered at $2,990,000, the asset presents an attractive opportunity for investors or owner-users seeking to capitalize on the continued growth of the Conyers market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,800 SF
Building Class
C
Year Built
1985
Price
$4,118,725 CAD
Price Per SF
$180.65 CAD
Cap Rate
7.50%
NOI
$308,904 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
3.00 AC
Zoning
C2
Parking
80 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
334’ on Iris Dr
Amenities
- Freeway Visibility
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Daniel Ahart Tax Service
- Finance and Insurance
- -
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Daniel Ahart Tax Service | Finance and Insurance | - | - | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 075-0-01-007L | Improvements Assessment | $658,258 CAD |
| Land Assessment | $299,701 CAD | Total Assessment | $957,959 CAD |
Property Taxes
Parcel Number
075-0-01-007L
Land Assessment
$299,701 CAD
Improvements Assessment
$658,258 CAD
Total Assessment
$957,959 CAD
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Stoneway Plaza | 1363 Iris Dr SE
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