3055 Old Atlanta Hwy
Athens, GA 30606
JOANN: Athens, GA · Retail Property For Sale

JOANN FABRIC & CRAFT STORES: Founded in 1943, JOANN Fabric & Craft Stores originated in Cleveland, Ohio as a single storefront and has grown to become that nation’s leading fabric and craft retailer. JOANN is privately-held and offers a variety of fabrics, crafting, decorating, and sewing products. JOANN Stores operates approximately 850 stores in 49 states. BRAND NEW 10-YEAR LEASE: Renovated in 2019, JOANN’s brand new 10-year net lease is expected to commence in August 2019 and features a 10% rent escalation in Year 6 and in each of the three 5-year renewal options. HIGHLY-DESIRED RETAIL SPACE: The site was originally developed as a Michaels. When Michaels announced they were relocating their store, JOANN immediately took the space, speaking to the strength of the West Athens Retail Center. EXCELLENT ACCESS & VISIBILITY: The property is positioned with excellent access and visibility along Atlanta Highway (Traffic Count: 55,000 VPD) and is less than 1.5 miles from Athens Perimeter Highway (Traffic Count: 44,000 VPD), which encircles the central portion of Athens. STRATEGIC LOCATION: JOANN is located within the West Athens Retail Center that is anchored by the only Target in Athens and further occupied by a recently-developed Hardee’s, Office Depot, GameStop, and Catherines. The West Athens Retail Center is strategically located across from Walmart Neighborhood Market, BMW, Subaru, Ag-Pro Companies (John Deere), and Discount Tire. The site is also less than 2 miles east of the Georgia Square Mall, which is anchored by Belk, JCPenney, and Sears. Other tenants include Journey’s, Foot Locker, The Children’s Place, Men’s Wearhouse, New York & Company, rue21, and Kay Jeweler’s, among others.