3461 Roosevelt Highway
Atlanta, GA 30349 ·
76,312 SF · Retail For Sale
Grocery Anchored | Family Dollar Anchored
|Gross Leasable Area||76,312 SF||Occupancy||100%|
|Property Type||Retail||No. Stories||1|
|Property Sub-type||Neighborhood Center||Tenancy||Multiple|
|Property Use Type||Investment||Year Built||1987|
|Commission Split||2%||Lot Size||10 AC|
|Listing ID: 17130661||Date Created: 04/25/2011||Last Updated: 03/16/2012|
Subject property is a fee simple 76,000 square feet neighborhoods grocery anchored shopping center comprised of three(3) buildings and approximately 10.0 acres of land.
The anchor grocer has been at the same location 25 years and has just exercised a five year option due to strong sales. There are no other grocery store competition in a four to five mile radius. The sales/rent ration for this grocer is 2.8%.
The entire parking lot has just been repaired, resealed and re-striped.
Other tenants in the center include Family Dollar, the US Postal Service, Domino's Pizza, Metro PCS, a Chinese Restaurant and a variety of other businesses who cater to the needs of the local residents.
Subject property is located within a mile of I-85 and I-285 and within three miles of the Hartsfiled-Jackson Atlanta International Airport.
Average household income in the area is over $55,000 and is projected to reach about $60,000 by 2015.
Located directly across from the property is Manheim Auto the world leader in auto auctions and related services. This merchant is an icon of the auto auction industry and generates a tremendous amount of traffic for other area merchants.
- Grocery Anchored
- Tenants include US Post Office, Family Dollar
- High Historical occupancy
- 157,000 population in a 5-mile radius
- 100% leased , comprised of three(3) buildings
- Only $58 / SF well below replacement cost
3435 Roosevelt Highway
Atlanta, GA 30349
For Sale · $4,700,000
75,456 SF GLA
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