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6717 Mount Zion Blvd, Morrow, GA, 30260

CVS Plaza
$2,891,500

Key Information

Tot. SF
13,875
Type
Shopping Centers
Occupancy
100%
NOI
$231,320

Highlights

Proven location with credit tenancy & upside potential:

  • Fully occupied with a strong mix of service-driven tenants generating consistent daily traffic—averaging 17,822 monthly visits per Alpha Map.
  • Anchored by CVS (S&P: BBB/Positive), a long-standing tenant operating at this location since 1996—providing both credit-backed stability and nearly three decades of proven performance.
  • Tammi’s Dry Cleaners has operated off-site since 2009, demonstrating long-term commitment. Currently on a month-to-month lease at significantly below-market rents, presenting immediate value-add potential.
  • Justin’s Bar & Lounge recently moved in, signing a brand-new 5-year lease—underscoring their long-term commitment to the location.
  • Strategic ±2.13 AC parcel offers flexibility for future expansion or redevelopment potential.
  • Newly re-sealed and re-striped parking lot, enhancing curb appeal, safety, and functionality.

Upside through strategic lease optimization:

  • Strong potential to secure a long-term lease extension with CVS, solidifying value and locking in a dependable, credit-backed income stream.
  • Opportunity to convert existing gross leases to NNN, improving NOI and reducing landlord responsibilities.

Strong real estate fundamentals – backed by:

  • Prominent hard-corner location at a four-way, signalized intersection with excellent visibility and access—benefiting from ±23,000 vehicles per day (VPD) along Mt. Zion Blvd.
  • Favorable demographics with a dense and stable population base:
  • Population: ±9,313 (1-Mi) | ±69,803 (3-Mi) | ±172,323 (5-Mi).
  • Avg. HH Income: ±$65.6K (1-Mi) | ±$75.6K (3-Mi) | ±$74.5K (5-Mi).
  • Ideally positioned in southern Atlanta MSA, a growing and dynamic submarket.
  • Southlake Mall continues its evolution into a hybrid retail and community destination, anchored by nearly 100 national and regional tenants, the Morrow Center event venue, and the $117M Clayton Convocation Center currently under development.

Atlanta MSA advantage:

  • Atlanta MSA is the 5th largest population center in the U.S., home to over 5.9 million residents.
  • 30 Fortune 1000 companies are headquartered in the metro area, including 16 Fortune 500 firms.
  • Georgia has ranked #1 for business climate and ease of doing business for six consecutive years (Site Selection & Area Development).
  • Atlanta ranks among the top 5 U.S. metros for net migration over the past five years.
  • Major industries include financial services, technology, and telecommunications Forbes Rankings:
    • #13 – Best Places for Business & Careers
    • #34 – Job Growth
    • #41 – Education

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203