Description de l'actif
JLL is pleased to announce the opportunity to acquire Northlake Square, a prime investment opportunity in Tucker (Atlanta), GA. Northlake Square is prominently anchored by one of the largest grocers in the United States, attracting a steady stream of customers and ensuring a reliable income stream. The location is strategically situated in the infill Atlanta submarket, surrounded by major economic drivers and corporate expansions. With a demographic reach of over 311,000 residents within a 5-mile radius and an average household income of $101,084, the potential for long-term success is undeniable. Notably, over 64% of the gross leasable area is occupied by the investment grade-credited tenants - ALDI and Best Buy. ALDI, the third-largest grocer in the USA, has a long-term operating history and is aggressively expanding its footprint. Best Buy, with nearly 30 years of operating history, is the sole location within a 6-mile radius, ensuring minimal competition.
This property boasts a well-established rent roll, with 60% of the gross leasable area occupied by tenants with over 20 years of operating history. Additionally, the prime location offers easy access to super-regional routes via I-285, providing exposure to thousands of potential customers daily. Northlake Square is a unique investment opportunity that combines secure income, exceptional location, and a robust tenant mix. Don't miss out on the chance to own this thriving commercial property in one of Atlanta's most desirable submarkets. Contact us today to make this investment yours.
Caractéristiques de l'actif
Points clés d'investissement
- ANCHORED BY ONE OF THE LARGEST GROCERS IN THE UNITED STATES
- SECURE INCOME STREAM WITH INVESTMENT GRADE ANCHORS AND ESTABLISHED RENT ROLL
- INFILL ATLANTA SUBMARKET PROXIMATE TO MAJOR ECONOMIC DRIVERS AND CORPORATE EXPANSIONS
- SUPER-REGIONAL ACCESS VIA I-285 (195,000 VPD)
- BELOW MARKET SHOP RENTS + SIGNIFICANT DISCOUNT TO REPLACEMENT COST
- ROBUST DEMOGRAPHICS - $101K+ AHHI AND OVER 90,000 RESIDENTS IN A 3-MILE RADIUS