Northlake Square_Property for Sale
Northlake Square_Property for Sale
4135 Lavista Rd, Tucker, GA, 30084, US

Northlake Square

Asset description

JLL is pleased to announce the opportunity to acquire Northlake Square, a prime investment opportunity in Tucker (Atlanta), GA. Northlake Square is prominently anchored by one of the largest grocers in the United States, attracting a steady stream of customers and ensuring a reliable income stream. The location is strategically situated in the infill Atlanta submarket, surrounded by major economic drivers and corporate expansions. With a demographic reach of over 311,000 residents within a 5-mile radius and an average household income of $101,084, the potential for long-term success is undeniable. Notably, over 64% of the gross leasable area is occupied by the investment grade-credited tenants - ALDI and Best Buy. ALDI, the third-largest grocer in the USA, has a long-term operating history and is aggressively expanding its footprint. Best Buy, with nearly 30 years of operating history, is the sole location within a 6-mile radius, ensuring minimal competition.


This property boasts a well-established rent roll, with 60% of the gross leasable area occupied by tenants with over 20 years of operating history. Additionally, the prime location offers easy access to super-regional routes via I-285, providing exposure to thousands of potential customers daily. Northlake Square is a unique investment opportunity that combines secure income, exceptional location, and a robust tenant mix. Don't miss out on the chance to own this thriving commercial property in one of Atlanta's most desirable submarkets. Contact us today to make this investment yours.

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Attributes

Building area net
82,578 sf
Occupancy
98%
Year built
1988
Land area net
6.20 acres (270,072 sf)

Media

Investment highlights

  • ANCHORED BY ONE OF THE LARGEST GROCERS IN THE UNITED STATES
  • SECURE INCOME STREAM WITH INVESTMENT GRADE ANCHORS AND ESTABLISHED RENT ROLL
  • INFILL ATLANTA SUBMARKET PROXIMATE TO MAJOR ECONOMIC DRIVERS AND CORPORATE EXPANSIONS
  • SUPER-REGIONAL ACCESS VIA I-285 (195,000 VPD)
  • BELOW MARKET SHOP RENTS + SIGNIFICANT DISCOUNT TO REPLACEMENT COST
  • ROBUST DEMOGRAPHICS - $101K+ AHHI AND OVER 90,000 RESIDENTS IN A 3-MILE RADIUS
Northlake Square 4_Property for Sale
Northlake Square 4_Property for Sale

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Last updated
Oct 24, 2023