Retail

Merchant's Festival

1401 Johnson Ferry Rd, Marietta, GA, 30062, US

Merchant's Festival_Property for Sale

Gallery

Merchant's Festival 2_Property for Sale

Asset Description

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.

Attributes

Building area Net
4,976 m²
Occupancy
85.00%
Year built
1984

Investment Highlights

  • East Cobb - Highly Affluent Atlanta Submarket with ~ $200,000 AHHI
  • Significant Value Add Potential / Strong CAGR
  • One of Atlanta’s Most Institutionally Owned Submarkets
  • Highly Durable and Secure Income Stream
  • Dominant Shadow Anchor
  • Main & Main Intersection
  • High Barriers to Entry


Merchant's Festival 4_Property for Sale
Merchant's Festival 4_Property for Sale

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
20 Feb 2023