The offering presents an opportunity for an investor to acquire an 90% occupied, 120,829 SF add value regional shopping center with a strong national tenant presence in an affluent Atlanta suburb. An investor can achieve long-term upside through lease-up of the existing vacancies in an area surrounded by residential developments in a key commuter location. The existing tenants all have long occupancy histories with regularly scheduled rent increases, allowing for additional income growth over time.
The subject property is a net leased shopping center in Acworth, GA, with a wide range of internet resistant tenants backed by a strong core group of anchors. Acworth is part of the Atlanta MSA, and is located 30 miles from downtown Atlanta. The center is anchored by four strong, national, corporate tenants: PetSmart, Michael’s, Best Buy, and Dollar Tree. The rest of the center is occupied by a mix of retail, restaurant, and service based tenants. The retail synergy created by the wide diversity of uses and the strong anchor tenants creates a powerful pull of customers into the center. It is surrounded by other significant retailers, across the street from a Super Target and Kohl’s, and adjacent to Home Depot, attracting even greater amounts of consumers to the area.
IN CONJUNCTION WITH
GA LICENSED BROKER:
Miller Realty Services, Inc.