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Objectomschrijving
JLL is pleased to announce the opportunity to acquire Alpharetta Shopping Center, a retail strip center and net lease offering in one of Atlanta's highly affluent submarkets. The Center is strategically positioned in one of the most visited retail corridors nationwide, with a 30+ mile trade area and high concentration of national retailers including Target, Hobby Lobby, Dick’s Sporting Goods, Ross, Burlington, REI, T.J. Maxx, Barnes & Noble, etc. The center also shares access with a high performing Chick-Fil-A and Starbucks, which provide additional traffic to Alpharetta Shopping Center.
The Shopping Center offers investors a secure income stream with weighted average lease term remaining of over 12 years , and a high-quality, durable tenant mix that consists of Lazy Dog Restaurant, Snooze Breakfast Eatery, Aspen Dental, T-Mobile, Visual Comfort & Co, and The Shade Store, which benefit from the areas extremely affluent, dense, and growing demographics, as evidenced by average incomes approaching $200,000 and a 3-mile daytime population of nearly 140,000.
Please reach out to the deal team to learn more!
Investeringskenmerken
- Alpharetta - one of Atlanta's most affluent & sought after submarkets
- Fortress intersection of Haynes Bridge Road and North Point Parkway
- Centrally located in the dominant North Point Parkway Retail Corridor
- Super-regional access via direct access to GA-400 (143,000+ VPD)
- Highly affluent customer base with average incomes approaching $200,000
- Significant weighted average lease term remaining of nearly 13 years
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