Dawsonville, GA - Shops at Dawson Marketplace
$3,633,000
432 Marketplace Parkway, Dawsonville, GA 30534
6
Cap Rate
218,000
NOI
Details:
Description:
• The property is recently built, delivered in 2022
• Both tenants signed a brand new 10-year lease, with 2 (5-year) options
• Image Studios has 10% rent increase every 5 years
• WNB Factory has RARE 3% annual increases throughout the initial term and option periods
• Steadily grow NOI and hedge against inflation
• Both tenants operate under NNN leases, limiting expense leakage for a future investor
• The asset is a freestanding pad right next to a Kroger Marketplace
• Kroger Marketplace at the subject shopping center ranks among the top 5%among nationwide groceries in terms of annual visits, attracting considerable consumers to the site
• The subject property sits close to North Georgia Premium Outlets, a 540,000 SF shopping destination with over 140 stores
• Nearby national/credit tenants include Burlington, HomeGoods, Publix, PetSmart, Walmart Supercenter, Marshalls, Hobby Lobby, Ross Dress For Less, and more
• Strong tenant synergy increases consumer draw to the trade area and promotes crossover retail exposure for the site
Location
Gallery