At Home - Newnan, GA
361 Newnan Crossing Byp, Newnan, GA, 30265-1067, US
7,922 m²
Attributes
Building area net
2,581 m²
Occupancy
82%
Year built
2019
Land area net
0.49 ha
Remaining lease term
6.9 years
Asset Description
JLL is pleased to announce the opportunity to acquire 670 Dekalb, a generational investment opportunity located along the east side of the Atlanta Beltline in the historic Old Fourth Ward neighborhood. The 82% occupied asset features 220 dedicated parking spaces and provides an opportunity to drive significant value via lease up of two ground floor retail spaces along the Atlanta Beltline and Edgewood Ave. The tenancy is comprised of local favorites including Shake Shack, McCray’s Tavern, Ludacris' Chicken and Beer, WellStar Medical Clinic, and ACRE Management.
The Atlanta Beltline is a 33-mile trail circling the city of Atlanta which has spurred significant development throughout the city. The Beltline has an estimated 10-Billion-dollar economic impact and has driven densification and growth in urban Atlanta with institutional investment firms, fortune 500 companies and Atlanta’s residents investing around the trail. Atlanta is home to 19 fortune 500 companies and is the 3rd fastest growing MSA in the US.
Please reach out to the deal team for more information.
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Investment Highlights
- Irreplaceable Location on the Atlanta Beltline
- Generational, In-Fill Location
- Located in an Explosive Submarket with Numerous Demand Drivers
- Immediate Value Creation Opportunity
- Affluent Demographics & Captive Consumer Base
- 220 Controlled Parking Spaces In An Extremely Under-Parked Submarket
- Below Market & Sustainable In-Place Rents
- Limited Near-Term Capital Expenditures
Media
670 Dekalb (0 Properties)
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Last updated
13 Jan 2025