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Kennestone Crossing 789 Church St 8,817 SF 100% Leased Retail Building Marietta, GA 30060 $6,350,000 ($720.20/SF)
INVESTMENT HIGHLIGHTS
- Anchored by Piedmont Urgent Care
- Located Adjacent to the Kennestone Hospital Complex
- Easily Managed with Only 3 Tenants & NNN Leases
- Strong Restaurant Co-Tenants
- Weighted Average Lease Term of Over 5 Years
- Newer (2019) Construction with a 20-Year Roof Warranty
EXECUTIVE SUMMARY
Northmarq is pleased to offer qualified investors the opportunity to purchase a prominent, three-tenant shopping center in the Atlanta MSA known as Kennestone
Oaks (the "Property"). The Property contains 8,800 square feet of GLA with Piedmont Urgent Care, McAlister's Deli and The Poke Company as tenants. The Property enjoys a highly visible, pin-corner location adjacent to the Kennestone Hospital Complex in Marietta, Georgia. Kennestone Hospital is the dominant medical center in the northwest Atlanta MSA and ranks as the #6 regional hospital in Georgia according to U.S. News and World Report. Furthermore, Kennestone’s emergency department ranks as one of the busiest in the nation with more than 147,000 patients seen annually. Kennestone Hospital is also one of only two Level 1 Trauma Centers in the Atlanta MSA.
Oaks (the "Property"). The Property contains 8,800 square feet of GLA with Piedmont Urgent Care, McAlister's Deli and The Poke Company as tenants. The Property enjoys a highly visible, pin-corner location adjacent to the Kennestone Hospital Complex in Marietta, Georgia. Kennestone Hospital is the dominant medical center in the northwest Atlanta MSA and ranks as the #6 regional hospital in Georgia according to U.S. News and World Report. Furthermore, Kennestone’s emergency department ranks as one of the busiest in the nation with more than 147,000 patients seen annually. Kennestone Hospital is also one of only two Level 1 Trauma Centers in the Atlanta MSA.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,817 SF
Building Class
B
Year Built
2019
Price
$6,350,000
Price Per SF
$720.20
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.04 AC
Zoning
NRC - Neighborhood Retail Commercial District
Parking
58 Spaces (6.59 Spaces per 1,000 SF Leased)
Frontage
196’ on Cherokee Street Northeast
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-1015-0-007-0 | Improvements Assessment | $315,772 |
| Land Assessment | $364,508 | Total Assessment | $680,280 |
PROPERTY TAXES
Parcel Number
16-1015-0-007-0
Land Assessment
$364,508
Improvements Assessment
$315,772
Total Assessment
$680,280
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Kennestone Crossing | 789 Church St
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