1363 Iris Dr SE

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1363 Iris Dr SE

Conyers, GA 30013
Asking Price
$2.99M
Cap Rate
7.5%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

Retail | 7.50% CAP | 22,800 SF <ul><li>​100% Leased- 22,800 square foot shopping center situated on 3 - acre lot with ample parking</li><li>​Upside potential - average base rent under $13 PSF</li><li>​Anchored by Bella Vista a grocery store and Mexican restaurant with over 1,400 google reviews and a high rating of 4.7 stars</li><li>​Established internet resistant tenants</li><li>​Excellent visibility to I-20 along Iris Drive, a well-traveled local corridor with strong connectivity to surrounding residential neighborhoods and

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NOI
$80,000
Cap Rate
2.68%
DSCR
0.45
Underwater
Cash-on-Cash
-10.87%
Monthly Payment
$14,792.889
Annual Cash Flow
$-97,514.663

Location & Travel Times