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881 Ridgewalk Pky 9,600 SF 100% Leased Retail Building Woodstock, GA 30188 $6,550,000 ($682.29/SF) 6.17% Cap Rate



Investment Highlights
- FRONT DOOR POSITION AT A DOMINANT REGIONAL DRAW
- ANCHORED BY LONG-TERM RESTAURANT COMMITTMENT - MARLOW'S TAVERN HAS OPERATED AT THE PROPERTY SINCE 2015
- 100% LEASED TO A DAILY NEEDS & SERVICES TENANT ROSTER
- EXPLOSIVE TRADE-AREA GROWTH - HUNDREDS OF NEW RESIDENTIAL UNITS IN THE IMMEDIATE AREA
- INFRASTRUCTURE TAILWINDS - GDOT & CITY OF WOODSTOCK I-575/RIDGEWALK PARKWAY CONVERSION IN PROGRESS
Executive Summary
881 Ridgewalk (the “Property”) is a 9.6K SF, five-tenant retail center positioned at the front door of The Outlet Shoppes at Atlanta at the I-575/Ridgewalk Parkway interchange (Exit 9) in Woodstock, Georgia. Constructed in 2014 as part of the master-planned Ridgewalk commercial district, the Property occupies an entry-corner, outparcel-style position along the primary approach into a 370K SF outlet center featuring nearly 100 national brands — the closest outlet center to downtown Atlanta — with a 154K SF Costco anchoring the opposite side of the corridor.
The Property is 100% leased to a complementary, internet-resistant mix of national, franchise, and proven local operators: Marlow's Tavern, AT&T, Rock N Roll Sushi, Pigtails & Crewcuts, and SoHo Nail Bar. Four of the five tenants have operated at the Property since 2015–2016, evidencing roughly a decade of sustained sales performance across market cycles. The rent roll is anchored by Marlow's Tavern — an Atlanta-based, full-service tavern group representing 36.5% of GLA and 40.5% of base rent — committed through June 2035, while Rock N Roll Sushi executed a fresh 10-year lease in December 2024 running through 2034. All five leases are triple-net with pro-rata expense reimbursement, producing 2026 in-place NOI of $400,552 against a 6.5-year weighted average lease term, with 67% of base rent contractually committed beyond 2031.
The Property is 100% leased to a complementary, internet-resistant mix of national, franchise, and proven local operators: Marlow's Tavern, AT&T, Rock N Roll Sushi, Pigtails & Crewcuts, and SoHo Nail Bar. Four of the five tenants have operated at the Property since 2015–2016, evidencing roughly a decade of sustained sales performance across market cycles. The rent roll is anchored by Marlow's Tavern — an Atlanta-based, full-service tavern group representing 36.5% of GLA and 40.5% of base rent — committed through June 2035, while Rock N Roll Sushi executed a fresh 10-year lease in December 2024 running through 2034. All five leases are triple-net with pro-rata expense reimbursement, producing 2026 in-place NOI of $400,552 against a 6.5-year weighted average lease term, with 67% of base rent contractually committed beyond 2031.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,600 SF
Building Class
B
Year Built
2014
Price
$6,550,000
Price Per SF
$682.29
Cap Rate
6.17%
NOI
$404,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.42 AC
Zoning
Commercial
Amenities
- 24 Hour Access
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Enclosed Mall
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 015N17-00000-001-00P-0000 | Improvements Assessment | $361,119 |
| Land Assessment | $498,881 | Total Assessment | $860,000 |
Property Taxes
Parcel Number
015N17-00000-001-00P-0000
Land Assessment
$498,881
Improvements Assessment
$361,119
Total Assessment
$860,000
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