Village at Westfork

630 Thornton Road, Lithia Springs, GA, 30168, US

Descripción

Village at Westfork is a 75,947 SF neighborhood shopping center located in the Atlanta MSA area at 610-640 Thornton Road, Lithia Springs, GA. The fully occupied property was built in 1994 and is situated on 10.17 acres. Kroger serves as the anchor tenant, occupying 71.5% of the total space with a high sales performance and 30+ years of operating history.

The center benefits from high visibility along Thornton Road (~50,000 VPD) and easy access to Interstate 20. As the only grocery store within a 4+ mile radius, Village at Westfork serves as an important retail center in the surrounding area.

The tenant mix includes both national retailers, such as JPMorgan Chase, UPS, Cricket Wireless, and H&R Block, alongside local businesses. Tenants have demonstrated remarkable stability, with 87% of the rental income coming from tenants who have been operating at this location for over 20 years. Additionally, nearly 60% of tenants have renewed their leases in the past 2 years.

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Atributos

Superficie neta construida

7297 m²

Ocupación

100 %

Año de construcción

1994

WAULT

4.4 años

Plazas de aparcamiento

353

Inquilinos

Media

Aspectos destacados de la inversión

Located in Atlanta, which is the 8th largest MSA in the United States
Best-in-class grocery store anchor tenant with robust sales performance and 30+ years of operational history.
Exceptional Tenant Stability with 87% of income from tenants exceeding 20 years at the property
Dominant Market Position as the only grocery store within a 4+ mile radius
Super-regional access and immediate proximity to I-20 with over 130,000 VPD
Highly sustainable in place rents
Robust traffic counts (around 50,000 VPD) and prime visibility along Thornton Road.