Village at Westfork

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

Description

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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Attributes

Building area net

7,297 m²

Occupancy

100%

Year built

1994

WAULT

4.4 years

Parking spaces

353

Tenants

Media

Investment Highlights

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.