3040 Panola Road - 3040 Panola Rd, Lithonia, GA 30038

The property is located in an excellent area within Lithonia, Georgia, a suburb of Atlanta known as the City of Granite, due to an abundance of Gneiss granite found in the area, including nearby local attraction, the granite dome Stone Mountain. The area is surrounded by several large residential neighborhoods, where the assessed median household income for the populous is over $86,000 (2015). The property fronts to Panola Road, which sees a daily traffic count of over 30,000 vehicles, and intersects with Interstate 20 less than 1-mile north of the property. Interstate 20 sees a daily traffic count of more than 140,000 vehicles, and takes travelers directly into the City of Atlanta.
»» Over 169,000 People within a 5-mile radius
»» Over 30,000 Daytime Population within 5-miles
»» Median HH income for Lithonia, GA is over $86,000 [2015]

The property is surrounded by numerous retailers in the immediate area including:
»» Walmart
»» Lowe’s
»» Publix
»» Walgreens
»» IHOP
»» FEDEX Office
»» Subway
»» Shell
»» Game Stop
»» Wendy’s
»» Popeyes
»» Tires Plus
»» Smoothie King
Coldwell Banker Commercial WESTMAC is pleased to present the sale of 3026 & 3040 Panola Road, a single tenant, NNN-leased investment located in the suburbs ofAtlanta. The offering is a free-standing building situated in Lithonia, Georgia, a picturesque metropolitan area approximately 15 miles east of the City of Atlanta. The building is approximately 4,500-square feet and sits on a roughly 1.255-acre lot made up of two parcels of land. The property is currently leased by long-term tenant Bank of America, and is strategically located among several shopping plazas that include powerhouse retailers such as Wal-Mart, Lowe' s and Publix supermarket, among many other popular retailers. The offering is an excellent opportunity for buyers seeking a well-located, stable, long-term leased investment. Cap rate is currently 6.2% and will increase to 6.8% next year based on rent schedule.