US - Lubbock, TX
MYR 44,743,000 | 6,548 m²
Merchant’s Festival is a quintessential neighborhood retail center shadow-anchored by Target. The center is located at the corner of Roswell Rd. and Johnson Ferry Rd. in East Cobb, one of the Southeast’s most affluent submarkets with average household incomes approaching $200,000. It is surrounded by several of the top ranked public schools in GA and countless home sales exceeding $1,000,000 within the past year.
Merchant’s Festival is currently is currently 85% occupied, providing an opportunity to increase revenue by nearly $300,000, via the lease up of approximately 7,800 SF. The property benefits from a Target shadow-anchor that attracts more than 1.5 Million annual visitors, and it boasts a highly diversified income stream comprised of numerous national / regional tenants including Which Wich, Verizon Wireless, Orangetheory, Leslie’s Pool Supplies, Learning Express, etc.