5070 Peachtree Blvd, Atlanta, GA, 30341-2870, US

Parkview on Peachtree

Description

JLL is pleased to announce the opportunity to acquire Parkview on Peachtree, an iconic north Atlanta investment opportunity located within an affluent retail corridor with over $168,000 AHHI and immediate upside potential. Located alongside Peachtree Rd. (~45,000 VPD), just minutes from Buckhead, the asset hosts a thriving Tenancy combined of a well curated national and regional mix including Rreal Tacos, Children's Healthcare of Atlanta, Bad Daddy's Burger Bar, Fudo, Lagarde and much more. Many tenants at the Property have mark-to-market capability allowing for significant upside potential during the hold period.

Parkview on Peachtree has exceptional tenant performance with weighted average sales from reporting Tenant's in excess of $745 PSF and restaurant sales in excess of $1,000 PSF.

Please reach out to the deal team for more information.

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Attributes

Building area gross

5,264 m²

Occupancy

100%

Year built

2018

Land area gross

3.21 ha

Media

Investment Highlights

Robust and High Performing Tenancy
Immediate Lease Up Potential
Secure Income Stream with High Performing Tenancy & Sales in Excess of $840 PSF
Strong NOI Growth / CAGR via Mark-To-Market Potential
Highly Affluent Demographics and Located in One of Georgia’s Top Growth Submarkets ($160K+ AHHI)
16 out of 20 Tenants Being Original to 2018 Construction
Secure, In-Place Tenancy with Restaurant sales in excess of $1,000 PSF
Limited Capital Expenditures and Significantly Below Replacement Cost