Retail Property Shadow Anchored by Walmart and Home Depot at 2120 West Spring Street
FOR SALE
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$7,200,000
2120 West Spring Street, Monroe, GA 30655
35,225 SF
Square Feet
$204
PPSF
Property Description
- Rare Walmart/Home Depot shadow anchored strip centers leased well below market rates - Providing a new investor strong national operators with immediate value-add opportunity through the in-line tenant mix
- Fully leased - historically strong performing retail center in high growth submarket
- Located directly across the street from 77 bed Piedmont Hospital
- Dollar Tree and Aaron’s have operated at this location since it was developed in 2005. Aaron’s renewed in 2025, showing long-term commitment to the location
- Located along main retail thoroughfare through Monroe
- Property and submarket benefit from student traffic between Atlanta and Athens travelling to University of Georgia.
- 1 hour, 30 minute drive from Hartsfield Jackson Atlanta International Airport.
- Traffic Counts: 17,000+ cars travel daily past the property on West Spring Street, and 17,000+ on Ernest M.L.K. Jr. Boulevard and 20,000+ cars on Highway 78
- Close proximity to national retailers: Home Depot, Walmart, Tractor Supply, Chick-Fil-A, Moe’s, IHOP, McDonalds, Dunkin, Starbuck, Arby’s, Burger King, Zaxby’s, Longhorn Steakhouse, Applebee’s Grill and many others
Property Details
Asset Type
Retail
Submarket
Monroe
ZIP
30655
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$409,580
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$34,132
Annual Debt Service
$409,580
View on Map
Address
2120 West Spring Street
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Monroe Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.
