Retail

Lakeland Plaza

501 Lakeland Plz, Cumming, GA, 30040-2778, US

Lakeland Plaza_Property for Sale

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Lakeland Plaza 2_Property for Sale

Asset description

JLL is pleased to announce the opportunity to acquire Lakeland Plaza, a grocery-anchored retail center located within the Atlanta MSA. The property is proximate to economic drives such as Lake Lanier (11MM+ Annual Visitors) and Northside Hospital (recent $44MM expansion & 650K annual patients). Lakeland Plaza is adjacent to GA-400, a highway that runs down to Atlanta and has over 73,000 AADT. The property has immediate and/or long-term development opportunities and offers regional drawing power from Sprouts Farmers Market, Belk, Bealls Outlet, La Fitness, Joann, and Shoe Gallery. 

Attributes

Building area Net
301,711 sf
Occupancy
94.00%
Year built
1990

Investment highlights

  • Atlanta MSA
  • Adjacent to GA-400 the gateway to Atlanta's most affluent & fastest growing suburbs
  • Proximate to economic drivers - Lake Lanier: 11MM+ annual visitors & Northside hospital: recent $44 expansion & 650K annual patients
  • Grocery-anchored offering with super-regional drawing power
  • Attractive NOI growth profile & upside potential - $500K in value creation via lease up & mark-to-market
  • Immediate and/or long-term redevelopment opportunity


Lakeland Plaza 4_Property for Sale
Lakeland Plaza 4_Property for Sale

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Last updated
Dec 5, 2022