4585 & 4595 Ashford Dunwoody Rd NE

Highlights:

• TWO (2) FREESTANDING RETAIL PAD BUILDINGS WITHIN ATLANTA MSA – 100% LEASED
• 3-TENANT NNN LEASED INVESTMENT – LIMITED LANDLORD RESPONSIBILITIES / SLEEP NUMBER, SNOOZE EATERY & SCRUBS & BEYOUND
• LOCATED WITHIN REGIONAL RETAIL HUB - CLOSE PROXIMITY TO PERIMETER MALL
• LOCATED IN THE HIGHLY DESIRABLE COMMERCIAL CORRIDOR OF PERIMETER CENTER WITH EXCELLENT ECONOMIC DRIVERS
• LOCATED DIRECTLY OFF INTERSTATE 285 – EXCELLENT VISIBILITY AND ACCESS
• STRONG DEMOGRAPHICS IN THE DUNWOODY TRADE AREA

Description:

Georgia Broker of Record- THE TRILOGY GROUP, LLC - License No: 10801

Faris Lee Investments is excited to present a rare opportunity to acquire two fully leased retail pad buildings in Dunwoody, GA, an affluent suburb of the Atlanta MSA. These prime street-front properties are home to nationally and regionally recognized tenants, including Sleep Number (NYSE: SNBR), Scrubs & Beyond, and Snooze, an A.M. Eatery. Both properties benefit from triple-net (NNN) lease structures, with tenants responsible for common area maintenance, taxes, and insurance. Snooze recently occupied its space less than a year ago and has over nine years remaining on its lease. Sleep Number has also exercised its first lease renewal option through 2031, demonstrating its commitment to the location. The assets are strategically positioned within the highly desirable Perimeter Center commercial corridor, offering exceptional visibility, minimal management responsibilities, and long-term investment stability. Each building sits on a separate parcel, providing flexibility for a potential future sale strategy.

Sleep Number, the second-largest publicly traded mattress company in the U.S. by market capitalization (valued at $357 million as of January 2025), operates 640 locations nationwide. The company is known for manufacturing adjustable and customizable mattresses. Scrubs & Beyond is the largest retailer of healthcare apparel and accessories in the country, with more than 120 stores across 30 states. Snooze, an A.M. Eatery, is a fast-growing casual dining breakfast and brunch chain founded in Colorado in 2006. The restaurant currently operates 71 locations nationwide and plans to expand further in 2025. In 2024, Snooze ranked in Restaurant Business’s Top 250 Restaurant Chains.

Located along Ashford Dunwoody Road, with over 44,000 vehicles passing daily, and directly off Interstate 285, which sees over 111,000 vehicles per day, the properties benefit from excellent access and visibility. The trade area is supported by strong demographics, with a population of over 255,000 within a 5-mile radius, 108,000 households, and an average household income of $159,960. The area also boasts a daytime population of over 169,000 employees, which further enhances the long-term stability and appeal of the properties.

This offering is situated near Perimeter Mall, Georgia’s second-largest mall, which attracts 7.5 million visitors annually and features a wide range of upscale retailers like Nordstrom, Apple, and The Cheesecake Factory. The surrounding retail hub includes high-profile national retailers such as Target, Costco, Walmart, and REI, driving significant consumer traffic and reinforcing the trade area's status as a premier shopping destination. Perimeter Mall is located in the greater Perimeter Center, one of Atlanta’s largest commercial districts, with over 29 million square feet of office space and 6 million square feet of retail. This area is home to major corporate headquarters, including UPS, AT&T, Cox Enterprises, and Newell Rubbermaid, and has a residential population exceeding 50,000. The combined daytime and nighttime traffic generators ensure continued exposure for these properties.

Dunwoody, Georgia, is a vibrant suburban city in DeKalb County, located about 17 miles north of downtown Atlanta. Known for its family-friendly atmosphere, top-ranked schools, and lush parks, Dunwoody offers a blend of suburban tranquility and city access. Its strategic location near major highways, including I-285 and GA-400, makes commuting easy, and the MARTA rail system, with a station in the city, connects residents to the greater Atlanta metropolitan area, making it an ideal location for both families and professionals who want access to the city without the urban hustle. Dunwoody residents enjoy a diverse, welcoming community, with housing options ranging from established single-family neighborhoods to new townhomes and apartments, catering to young professionals, families, and retirees alike. The area also offers an array of parks and recreational spaces, such as Brook Run Park and the Dunwoody Nature Center, where locals can enjoy sports fields, playgrounds, and scenic trails. Dunwoody’s parks host community events throughout the year, fostering a strong sense of community and close-knit neighborhood connections. For shopping and dining, Dunwoody boasts options like Perimeter Mall, a major shopping hub with a mix of high-end and casual retailers, as well as diverse dining options. Locally-owned restaurants, cafes, and pubs add to the area’s culinary landscape, offering everything from casual bites to fine dining experiences. Quality public and private schools further make Dunwoody an attractive choice for families, with options like Dunwoody High School and several nearby private institutions. Together, these elements create a balanced lifestyle for those seeking suburban living with the conveniences of city life just minutes away.