This Retail Property is Off-Market.

3461 Roosevelt Highway
Atlanta, GA 30349 ·

76,312 SF · Retail For Sale

N/A

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Grocery Anchored | Family Dollar Anchored

Price N/A Cap Rate 11.13%
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

Description

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.

Highlights

  • 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

Research

3461 Roosevelt Highway, Atlanta, GA 30349 (Fulton County)

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