Towne Crest

2081 Jonesboro Rd, McDonough, GA, 30253



Property Overview:

Towne Crest Village is a substantial single-storey ten-tenant retail property, located on 1.75 acres with frontage on Jonesboro Road in McDonough, Georgia – a middle class suburb of Atlanta experiencing substantial growth.

The purchase price is $3,637,563 is a little under the independent valuation of $3.7m, but substantially less than the 2006 sale price of $4,890,000.

The property has a capitalisation rate at purchase of 8.20%.


Property / Financial Information:

Disclaimer: Information provided about forecast annual net cash flow and cash on cash returns are derived from unaudited financial projections. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Responsible Entity. The Responsible Entity cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.


Acquisition date

18 May 2015

Contract purchase price


Original listed price


Discount to listing price

$202,437 (5.2%)

Independently appraised price


Estimated insurance replacement cost


Occupancy at purchase date


Appraisal date and appraiser

31 March 2015
Colliers International

Finance terms

Loan of $1,750,000 at 5.145% pa
interest only until June 2025

Gross Building Area

20,053 sq ft (1,862 sq mtrs)

Land size

76,230 sq ft (7,082 sq mtrs)

At purchase estimated net operating income


At purchase estimated cap rate


At purchase estimated cash on cash return


Further Notes:

Currency: All numbers are shown in USD. Returns shown have not been translated into Australian dollars as the exchange rate varies. A AUD:USD exchange rate below AUD1:USD1 will increase the percentage return. A AUD:USD exchange rate in excess of AUD1:USD1 will decrease the return.

Management costs: Returns shown above include US management costs, but exclude the management fee charged by the Responsible Entity (1.98% per annum of Gross Assets).


Aerial Picture:


More information on key terms:

Estimated insurance replacement cost: The estimated cost to rebuild the property in the event of a total loss. The number is calculated via discussions with a independent insurance broker and considers the age and construction type / quality of the building.
Net operating income: Operating income – operating expenses
Capitalization rate: (Net operating income ÷ Purchase price) × 100
Cash on Cash return: (Annual cash back ÷ Cash down) × 100
At purchase capitalization rate: Using unaudited management forecasts, the estimated capitalization rate at purchase date.
At purchase cash on cash return: Using unaudited management forecasts, the estimated cash on cash return at purchase date.

General Advice Warning: This information is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement (dated 4 July 2018) issued by Plantation Capital Limited ACN 133 678 029 AFSL 339481 in deciding whether to acquire an interest in the Passive Income (USA Commercial Property) Fund. Pty Ltd is an authorised representative of Plantation Capital Limited ABN 98 096 059 353, AFSL 339481. Past performance is not a guarantee of future performance.