US - Lubbock, TX
A$15,425,000 | 6,548 m²
JLL is delighted to present an exclusive opportunity to acquire Bells Ferry Village, an exquisite 9,000 square foot multi-tenant retail center situated in Kennesaw, GA, within one of Atlanta's most vibrant and rapidly expanding submarkets. This submarket has been experiencing remarkable growth, with the delivery of over 2,000 residential units since 2020, contributing to an increase in affluence and population density in the immediate vicinity. Furthermore, the property benefits from its strategic location with excellent connectivity to Atlanta's busiest markets through the easily accessible I-575 and I-75, ensuring convenient regional access.
Kennesaw, renowned as a dominant retail node, boasts several key
economic drivers that add immense value to this investment opportunity. The presence of Dobbins Air Force Base, with its substantial annual economic impact of $187 million, provides a strong foundation for the local economy. The esteemed Barrett Parkway Retail Corridor, featuring an impressive 7.2 million square
feet of retail inventory with an occupancy rate of 97%, further enhances the area's commercial appeal. Additionally, Kennesaw State University, home to over 43,000 students and contributing an impressive $1.8 billion in annual impact, creates a vibrant and dynamic environment that attracts a constant flow of consumers and supports thriving businesses.
The retail center boasts an exceptional roster of national and
regional tenants, including beloved local favorites such as Starbucks, CBD Pros, Pizza Hut, JHO Kitchen and Bath, Martech, and Country Financial. With a weighted average tenure of 6.1 years and an impressive 23% of the gross leasable area (GLA) executing new leases or renewals in the past 12 months, this tenant lineup demonstrates strong stability and a commitment to the property.
Please reach out to the deal team to learn more about this compelling investment opportunity and capitalize on Kennesaw's continued expansion.
Highly Sought After and Growing Submarket
Limited Deferred Maintenance
National / Regional Tenant Mix
Proximity to Key Economic Drivers