Mulberry Village

831 Auburn Rd, Dacula, GA, 30019, US

Description

Mulberry Village is a 75,200 SF grocery-anchored shopping center located in Dacula, GA (Atlanta MSA). The property, built in 2008, is 94% occupied and is anchored by Publix, offering multiple avenues for investment growth and stable income.

Mulberry Village features a Publix supermarket with over 10 years remaining on its lease term, demonstrating strong sales growth and contributing more than 50% of the property's income stream. The center serves an affluent customer base with average household incomes exceeding $135,000 within a 3-mile radius. There is immediate value-add potential through the lease-up of existing vacancies and several upcoming mark-to-market opportunities within the next 5 years. Additionally, four undeveloped outparcels offer significant upside for future development.

Strategically positioned in one of Atlanta's fastest-growing bedroom communities, Mulberry Village combines the stability of a Publix anchor tenant with multiple avenues for income growth and property value enhancement.

Please reach out to the JLL Deal Team with any questions.

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Attributes

Building area net

6,986 m²

Occupancy

94%

Year built

2008

WAULT

8 years

Media

Investment Highlights

Publix-Anchored Investment Offering with 10+ Years Term Remaining and Robust Sales Growth.
Immediate Value-Add Potential via Lease Up of Vacancies and Several Mark-To-Market Opportunities within the Next 5 Years
Additional Value-Add Levers vis Four (4) Undeveloped Outparcels
Secure Income Stream - Publix Represents Over 50% of the Income
Highly Affluent Customer Base with $135K+ AHHI within a 3-mile radius
Located Within One of Atlanta's Fastest Growing Bedroom Communities