6090 Pinegrove Rd, Riverdale, GA, 30274
6090 Pinegrove Rd
Key Information
Highlights
• Strong In-Place Yield with Tremendous Upside: The property currently operates at a healthy 7.57% in-place cap rate. Because 65% of the current tenants are on month-to-month agreements, an investor has an immediate mark-to-market opportunity to adjust rents to current market rates and significantly drive the Net Operating Income.
• Ideal Owner-User Scenario: The flexible lease structures make this a perfect fit for a business owner looking to operate out of the property. An owner-user can immediately occupy the vacant suite (or transition MTM units to suit their needs) while enjoying cash flow from the remaining tenants to offset debt service and operating costs.
• Favorable Lease Rollover Schedule: 35% of the tenants are tied to structured leases. Two of these leases expire in August of 2026, and the remaining mature in early next year. This allows new ownership near-term flexibility for re-tenanting, expansions, or rate adjustments without being locked into long-term, under-market leases.
• Substantial Multi-Tenant Footprint: The asset features a total of 54,200 SF distributed intelligently across 6 individual buildings, mitigating risk through tenant diversification and catering perfectly to the high demand for shallow-bay industrial space.
• Expansive Acreage: Sitting on a highly functional 7.93-acre lot, the property provides ample surface area for tenant parking, truck maneuverability, outdoor storage, and potential future site optimization.
• Strategic Highway Logistics: Located just off the highly trafficked GA Highway 85 corridor, offering excellent logistical access for industrial tenants, distributors, and auto-related businesses.
• Commercial & Infrastructure Boom: The property sits in the path of progress, benefiting from major new commercial and industrial developments pushing both north and south along GA Hwy 85. Additionally, its location in the North Clayton submarket offers strategic proximity to Hartsfield-Jackson Atlanta International Airport.
• Surrounding Residential Expansion: The immediate vicinity is experiencing a surge in new residential housing construction. This dense, growing population provides a robust local customer base for the property’s tenants and strongly supports long-term underlying land value appreciation.
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