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Shopping Neighborhood

Pavilion at Towne Center Village

1901-1945 Jonesboro Road, McDonough, GA 30253

Listing Price: $11,500,000

Cap Rate
5.56%
Rentable SF
28,920
Lot Size
3.75 acres
Year Built
2019

Investment Overview

Pavilion at Towne Center is a newly constructed 28,920 square foot retail center located approximately 20 miles south of Atlanta in McDonough, GA (Atlanta MSA). Phase one was built in 2019 and greeted with immediate leasing demand. Phase two was completed in 2021 with similar tenant demand. The center is comprised entirely of service or restaurant/food industry tenants - therefore providing a desirable level of internet resiliency while remaining at a competitive advantage due to the availability of parking. Currently there are over 500+ class A residential units directly adjacent to the center with another 500+ units under construction. In addition there are over 800+ new Public Storage self storage units with another 200+ under development next to the center. The excessive retail consumer demand in the area is evidenced at Henry Town Center across Jonesboro Road - ranked in the top 15% of all power centers in the U.S. with 7.23M visits per year The center is one block west of I-75. The I-75 corridor serves as a vital logistics artery connecting Atlanta to Macon as well as South Florida. The immediate area has seen a tremendous amount of population and employment growth resulting from post-covid demographic shifts along with corporate and international headquarter relocations.

Investment Highlights

  • New Construction | Dynamic 28,920 Square Foot Retail Center - Fully Leased to Experience/Service Based Tenants
  • Across from Henry Town Center - Ranked in Top 15% of Power Centers in U.S. with Over 7.23M Visits per Year
  • Abundant Parking and Patio Space for Current Restaurants | Additional Cross Easements For Parking
  • Over 1,000+ Class A Residential Units Recently Completed or Under Construction In Immediate Walking Distance
  • Landlord Curated Tenant Roster | Waitlist for Available Space in Center - Practically Zero Retail Vacancy in Trade Area
  • Tenants Have Indicated Booming Customer Traffic and Sales Since Opening | Parking is Non-Limiting Factor
  • Majority of Leases Signed in 2021 | Modest Rents Averaging Only $18-$26 Per Square Foot + NNN | Annual Rent Increases for Most Tenants
  • Synergy with Major Retailers + Walkable Residential | Adjacent to Floor & Décor, Dick's, Best Buy, Sam's Club

Exclusively Listed By

Shopping Neighborhood

Pavilion at Towne Center Village

Listing Price: $11,500,000

Cap Rate
5.56%
Rentable SF
28,920
Lot Size
3.75 acres
Year Built
2019

Investment Highlights

  • New Construction | Dynamic 28,920 Square Foot Retail Center - Fully Leased to Experience/Service Based Tenants
  • Across from Henry Town Center - Ranked in Top 15% of Power Centers in U.S. with Over 7.23M Visits per Year
  • Abundant Parking and Patio Space for Current Restaurants | Additional Cross Easements For Parking
  • Over 1,000+ Class A Residential Units Recently Completed or Under Construction In Immediate Walking Distance
  • Landlord Curated Tenant Roster | Waitlist for Available Space in Center - Practically Zero Retail Vacancy in Trade Area
  • Tenants Have Indicated Booming Customer Traffic and Sales Since Opening | Parking is Non-Limiting Factor
  • Majority of Leases Signed in 2021 | Modest Rents Averaging Only $18-$26 Per Square Foot + NNN | Annual Rent Increases for Most Tenants
  • Synergy with Major Retailers + Walkable Residential | Adjacent to Floor & Décor, Dick's, Best Buy, Sam's Club

Investment Overview

Pavilion at Towne Center is a newly constructed 28,920 square foot retail center located approximately 20 miles south of Atlanta in McDonough, GA (Atlanta MSA). Phase one was built in 2019 and greeted with immediate leasing demand. Phase two was completed in 2021 with similar tenant demand. The center is comprised entirely of service or restaurant/food industry tenants - therefore providing a desirable level of internet resiliency while remaining at a competitive advantage due to the availability of parking. Currently there are over 500+ class A residential units directly adjacent to the center with another 500+ units under construction. In addition there are over 800+ new Public Storage self storage units with another 200+ under development next to the center. The excessive retail consumer demand in the area is evidenced at Henry Town Center across Jonesboro Road - ranked in the top 15% of all power centers in the U.S. with 7.23M visits per year The center is one block west of I-75. The I-75 corridor serves as a vital logistics artery connecting Atlanta to Macon as well as South Florida. The immediate area has seen a tremendous amount of population and employment growth resulting from post-covid demographic shifts along with corporate and international headquarter relocations.

Exclusively Listed By

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