Austell Promenade 2860 East-West Connector SW 18,340 SF 79% Leased Retail Building Austell, GA 30106 $5,450,000 ($297.16/SF) 6% Cap Rate

Franklin Street is pleased to present Austell Promenade, a convenience retail strip in Austell, Georgia. Austell is a northwest suburb of Atlanta in Cobb County, the third most populous county in the state. The Atlanta MSA is the 6th largest in the country and home to 16 headquarters of Fortune 500 companies, while serving as the largest business hub of the South. Austell Promenade sits on the heavily trafficked East West Connector that connects residents from dense residential communities into the major business hubs of Atlanta. The site includes a 16,590 SF strip center and a 1,750 SF freestanding drive thru building. The freestanding QSR building is occupied by Firehouse Subs, at a significantly below market rent, providing valuable upside should they ever leave or when their options expire. There are 3 units to lease as upside including a 1,400 SF bay and two 1,190 SF units. The center sits in front of a recently re-tenanted shopping center anchored by Rural King & Slick City Action Park driving additional traffic to the property. The corridor is home to nearly every national big box retailers within 2 miles of the property. The property has been well maintained while being institutionally owned for the last decade.