2489-2491 Village Creek Landing
Atlanta, GA 30316
Village Creek Landing · Retail Property For Sale

Village Creek Landing is a well located 3 tenant retail center, located off Moreland Avenue in East Atlanta. Tenants include Chase Bank, T-Mobile (Spark Wireless), and Prissy in the City Beauty Spa. Chase Bank just extended their lease through 2022 with one remaining 3-year option, where the rent increases nearly 10% on 12/5/2019. T-Mobile, which is operated by a 30 unit franchisee, has a lease through 2022 with two remaining 5-year options. Prissy in the City is a beauty spa, with a lease through 2021, whose owner has been in this market for 5+ years. There is an option to assume the current Stancorp loan of $1,025,000 which has about 15 years of term left at 4.625% . This retail center benefits from being a Kroger shadow center. The neighboring Kroger center is also complete with national tenants such as Pizza Hut and Metro PCS, as well as a Kroger Fuel Station. An additional plus is that the property is positioned at an intersection with a traffic light, and has 2 curb cuts, making access easy. There is a residential neighborhood, also named Village Creek Landing, which is directly behind the property, and has an access road that utilizes the Kroger shopping center.