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Shopping Strip

Walmart Shadow Center

2769 Chastain Meadows Pkwy NW, Marietta, GA 30066

Listing Price: $8,850,000

Cap Rate
7.00%
Gross SF
57,600
Rentable SF
57,600
Price/Gross SF
$153.65
Lot Size
10.04 acres
Year Built
2005

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 57,600 SF Walmart Supercenter shadow anchored retail center located in one of the most dense & affluent northern suburbs of Atlanta • The investment offers immediate upside, as it is 77% leased and includes a complimentary mix of essential retail, service, & restaurant tenants • Under Market Rents | Avg. $15.52 • Stable Tenancy | Average Tenant Tenure 10+ Years (Existing Tenants) • Leasing Momentum |7 New Leases & 2 Renewals since 2020 DOMINANT RETAIL LOCATION | PREMIER CORRIDOR OF ATLANTA • The property is located on Chastain Meadows Pkwy (13,100 VPD) & just off I-75 (76,700 VPD) • The asset is positioned next to Town Center at Cobb which sees 4.72 Annual visits, is in the top 1% of Shopping Centers in the country, and is the #2 visited center in GA • The subject, Home Center Village, is ranks in the top 8% of most visited shopping centers in Georgia. • This property is shadow anchored by a top performing Walmart in the country (Top 35% in visits) | Walmart owns the Walmart • The shopping center pulls from a 35+ mile trade area SUPERIOR DEMOGRAPHICS • 5-Mile Population: 180,322 • 5-Mile Avg. Household Income: $106,369 • 5-Mile Growth: 3.06% MARIETTA, GA • The property is in Marietta, GA, affluent & desired suburbs • Marietta, Georgia is located in Cobb County, Georgia, and is the county’s largest seat and largest city • The fourth largest Suburb of the Atlanta MSA, Marietta is just 19 miles from downtown Atlanta provides its visitors and residents an exciting selection of attractions, festivals, and many outdoor activities • Marietta is well known within Metro Atlanta for its economic and political stability. Political leaders and stakeholders continue to support and invest in the city and surrounding area. • One of the historical destinations in Atlanta, Marietta is graced with a historic town square, five National Register Historic Districts, sights of the Civil War, past grand antebellum homes, and the battlefields at Kennesaw Mountain, The Root House Museum, and the Marietta Gone With the Wind Museum: Scarlett on the Square.

Investment Highlights

  • Top Performing Walmart
  • Value Add Opportunity 77% Occupany & Low Rent
  • Premier Corridor Of Atlanta
  • Adjacent To Town Center At Cobb | Top 1% Of Shopping Centers In The Country
  • Dense & Affluent Demographics
  • Marietta, GA

Exclusively Listed By

Financing By

Shopping Strip

Walmart Shadow Center

Listing Price: $8,850,000

Cap Rate
7.00%
Gross SF
57,600
Rentable SF
57,600
Price/Gross SF
$153.65
Lot Size
10.04 acres
Year Built
2005

Investment Highlights

  • Top Performing Walmart
  • Value Add Opportunity 77% Occupany & Low Rent
  • Premier Corridor Of Atlanta
  • Adjacent To Town Center At Cobb | Top 1% Of Shopping Centers In The Country
  • Dense & Affluent Demographics
  • Marietta, GA

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 57,600 SF Walmart Supercenter shadow anchored retail center located in one of the most dense & affluent northern suburbs of Atlanta • The investment offers immediate upside, as it is 77% leased and includes a complimentary mix of essential retail, service, & restaurant tenants • Under Market Rents | Avg. $15.52 • Stable Tenancy | Average Tenant Tenure 10+ Years (Existing Tenants) • Leasing Momentum |7 New Leases & 2 Renewals since 2020 DOMINANT RETAIL LOCATION | PREMIER CORRIDOR OF ATLANTA • The property is located on Chastain Meadows Pkwy (13,100 VPD) & just off I-75 (76,700 VPD) • The asset is positioned next to Town Center at Cobb which sees 4.72 Annual visits, is in the top 1% of Shopping Centers in the country, and is the #2 visited center in GA • The subject, Home Center Village, is ranks in the top 8% of most visited shopping centers in Georgia. • This property is shadow anchored by a top performing Walmart in the country (Top 35% in visits) | Walmart owns the Walmart • The shopping center pulls from a 35+ mile trade area SUPERIOR DEMOGRAPHICS • 5-Mile Population: 180,322 • 5-Mile Avg. Household Income: $106,369 • 5-Mile Growth: 3.06% MARIETTA, GA • The property is in Marietta, GA, affluent & desired suburbs • Marietta, Georgia is located in Cobb County, Georgia, and is the county’s largest seat and largest city • The fourth largest Suburb of the Atlanta MSA, Marietta is just 19 miles from downtown Atlanta provides its visitors and residents an exciting selection of attractions, festivals, and many outdoor activities • Marietta is well known within Metro Atlanta for its economic and political stability. Political leaders and stakeholders continue to support and invest in the city and surrounding area. • One of the historical destinations in Atlanta, Marietta is graced with a historic town square, five National Register Historic Districts, sights of the Civil War, past grand antebellum homes, and the battlefields at Kennesaw Mountain, The Root House Museum, and the Marietta Gone With the Wind Museum: Scarlett on the Square.

Exclusively Listed By

Financing By

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