Receiver Sale: Cumberland Place | Lease-Up Near The Battery

Highlights:

• 14,900 SF of Vacancy Across Six Suites: Vacant suites range from 1,600 to 4,800 SF, creating a direct lease-up path to stabilize the center.
• In-Place Rents Average $23/SF vs $34 Market: Princess Hair rolls in June 2027 with no option and Elysian Nails in January 2028, enabling resets.
• Carrabba's Restaurant Lease Through July 2036: Tenant has occupied 6,400 SF since 1996, with annual rent increases scheduled through the term.
• Bharath Bazaar Grocer Lease Through 2031: Specialty grocer occupies 7,500 SF, or 22.3% of GLA, with one five-year renewal option remaining.
• Less Than One Mile From The Battery Atlanta: Truist Park's 1.5M SF mixed-use district draws 9 million visitors per year, about 4 minutes away.
• 650-Unit Mixed-Use Project on Adjacent Land: Land behind the center is tied up for a 20-story tower, 175K SF commercial, and a 250-key hotel.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/2650/retail/atlanta/ga?utm_source=aqqire&utm_medium=free_listing&utm_campaign=november19_2026&utm_content=retail_2650

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Cumberland Place at 2997-2999 Cumberland Blvd SE, Atlanta, GA 30339 is a 33,600-square-foot, multi-tenant retail center on 2.63 acres less than one mile from The Battery Atlanta and Truist Park. Built in 1996, the center is 56% occupied after more than a year in REO without professional management, leaving six vacant suites totaling 14,900 square feet. In-place tenancy is led by Carrabba's Italian Grill, which has occupied its 6,400-square-foot space since 1996 on a lease running to July 2036 with scheduled increases, and Bharath Bazaar, a 7,500-square-foot grocer through February 2031. Tenants reimburse their pro rata share of CAM, insurance, taxes, and management. In-place rents sit below area market rents of $34 per square foot NNN, and near-term rollover at two shop suites presents mark-to-market potential. Lease-up of the vacant suites, which range from 1,600 to 4,800 square feet, is the primary value-creation lever for a new owner. The site fronts Cumberland Blvd SE (19,100 VPD) near I-285 and I-75 within a one-mile radius holding 3.2 million square feet of retail, and developers have tied up adjacent land for a mixed-use project including 650 apartments and a 250-key hotel.

Location
Cumberland Place fronts Cumberland Blvd SE in Atlanta's 30339 ZIP code, just off Cobb Parkway and beside the I-285 corridor. The Battery Atlanta and Truist Park sit less than one mile away, with Cumberland Mall, Cobb Galleria Centre, and Cobb Energy Centre nearby. A daytime population of 42,648 within one mile supports demand for the center's restaurant, grocery, and service tenants.


Bidding Opens
Nov 18 1:00 AM
Bidding Closes
Nov 20 1:00 AM

Documents: