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$ 1,900,000
Est. payment | /mo
10,560 SqFt
$ 1,900,000
Est. payment | /mo
10,560 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,560 sqft
Price per Sqft $179
Lot Size 2.200 Acres
Property Description
Welcome to Asteam Learning Academy — a fully operational and recently updated single-tenant daycare center located in the heart of Lithonia. This ±10,560 SF freestanding building sits on a spacious 2.2-acre lot with 242 feet of prime frontage on Hillandale Rd. Zoned for commercial use, the property was originally built in 1973 and has been improved by the current owner in 2024.
💡 Highlights:
Fully leased to a single tenant (Asteam Learning Academy) as of March 2024
Rental rate: $19–$24/SF (est. NNN)
0% current vacancy — investment-ready
±18 surface parking spaces (1.94/1,000 SF parking ratio)
Wood frame construction with open floor plan for flexible use
Traffic counts exceed 9,600 VPD on Hillandale and 11,000+ on nearby I-20
Located within a strong demographic corridor with over 147,000 people within a 5-mile radius
Surrounded by residential density and complementary retail
Whether you're seeking a stable, income-producing investment or a strategically positioned property in a growing market, 6224 Hillandale Rd is a rare opportunity to own a performing asset in Metro Atlanta.
Investment highlights
This fully stabilized 10,560 SF retail/daycare asset is located on a 2.2-acre parcel in Lithonia, Georgia — a submarket experiencing ongoing residential and commercial expansion. The property is 100% leased to Asteam Learning Academy (March 2024) with no vacancy and projected NNN rents of $19–$24/SF, in line with competitive peer properties. Recent ownership invested in capital improvements post-purchase in Q1 2024. Key metrics include:
242' of road frontage on Hillandale Rd
High traffic exposure: 9.6K–11.8K VPD nearby
Demographics: 147K+ residents within 5 miles
Strong market fundamentals: 0% submarket vacancy for peer assets; $17.85 avg. market rent
Parking ratio: 1.94 per 1,000 SF (18 spaces)
Zoning & Build: Wood frame construction, built 1973, upgraded 2024
This is a long-term, cash-flowing investment in one of Atlanta's most accessible and evolving submarkets, with upside potential through future rent adjustments or conversion to alternative education or medical use.
💡 Highlights:
Fully leased to a single tenant (Asteam Learning Academy) as of March 2024
Rental rate: $19–$24/SF (est. NNN)
0% current vacancy — investment-ready
±18 surface parking spaces (1.94/1,000 SF parking ratio)
Wood frame construction with open floor plan for flexible use
Traffic counts exceed 9,600 VPD on Hillandale and 11,000+ on nearby I-20
Located within a strong demographic corridor with over 147,000 people within a 5-mile radius
Surrounded by residential density and complementary retail
Whether you're seeking a stable, income-producing investment or a strategically positioned property in a growing market, 6224 Hillandale Rd is a rare opportunity to own a performing asset in Metro Atlanta.
Investment highlights
This fully stabilized 10,560 SF retail/daycare asset is located on a 2.2-acre parcel in Lithonia, Georgia — a submarket experiencing ongoing residential and commercial expansion. The property is 100% leased to Asteam Learning Academy (March 2024) with no vacancy and projected NNN rents of $19–$24/SF, in line with competitive peer properties. Recent ownership invested in capital improvements post-purchase in Q1 2024. Key metrics include:
242' of road frontage on Hillandale Rd
High traffic exposure: 9.6K–11.8K VPD nearby
Demographics: 147K+ residents within 5 miles
Strong market fundamentals: 0% submarket vacancy for peer assets; $17.85 avg. market rent
Parking ratio: 1.94 per 1,000 SF (18 spaces)
Zoning & Build: Wood frame construction, built 1973, upgraded 2024
This is a long-term, cash-flowing investment in one of Atlanta's most accessible and evolving submarkets, with upside potential through future rent adjustments or conversion to alternative education or medical use.
Location
State GA
County Dekalb
Listed by Danesha Ritzberg • eXp Realty
Nearby Locations
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