1174 Forest Pky
Lake City, GA 30260
Auction:5/8 - 5/10: Riti Center 2 · Retail Property For Sale

Property tours are available by appointment ONLY. Please contact Lenny Rindsberg to schedule at lrindsberg@rg-re.com or 770-239-2409. Investment Highlights: Value-Add center located in suburban Atlanta within the Forest Park/Morrow Submarket The Center offers 14,600 SF of retail and 4,520 SF of executive office suites 42.6% occupied with value-add through lease-up Great visibility with 22,974 VPD on Forest Parkway Located in 9 miles south of the City of Atlanta and 5 miles from Hartsfield-Jackson Airport Great location with easy access to all South ATL Suburbs via I-285, I-685 and I-75 Investment Overview: Riti Center 2 is a 19,120 SF retail strip/executive office center located at 1174 Forest Parkway in Lake City, GA in suburban Atlanta within the Forest Park/Morrow submarket. Built in 1973 and renovated in 1991, the Property sits on a 1.26 AC parcel, contains one single-story building, and offers 24 Surface Spaces. The property is occupied by a mix of local tenants and offers retail bays totaling 14,600 and ranging in size between 1,500 - 5,000 SF with suites A, B, C, D, G separately metered. Additionally, Riti Center 2 offers executive office suites ranging in size between 100 - 230 SF. Overall, the property is currently 42.6% occupied allowing for a value-add opportunity through lease-up of the available 12,610 SF at market rates. Lake City is located in suburban Atlanta within the Forest Park/Morrow Submarket in northern Clayton County. The city has an advantageous geographic location in the southern metropolitan region, having convenient access to Interstate 75 and Interstate 285 and 5 miles east of Hartsfield-Jackson International Airport. Riti Center 2 is located at the intersection of Forest Parkway and Jonesboro Road (Hwy 54) and offers a great location with excellent visibility. The Property backs up to downtown Forest Park (Main St.) and offers easy access to all South Atlanta suburbs and major area thoroughfares I-285, I-685 and I-75. Riti Center 2 is 1.8 miles from Clayton State University and is surrounded by restaurants, banking, and many other amenities. The property benefits from dense demographics with 159,161 residents with an average HH income of $47,593 within a 5-mile radius. The Kroger Co., Cincinnati, Ohio, announced plans to open a $1