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Shopping Strip

Hightower Station

2630 M.L.K. Jr Dr SW, Atlanta, GA 30311

Listing Price: $9,068,000

Cap Rate
8.25%
Gross SF
57,500
Rentable SF
57,500
Price/Gross SF
$157.70
Lot Size
6.31 acres
Year Built
1989

Investment Overview

HIGHTOWER STATION
• The subject property is a 56,300 square foot retail center located in Atlanta, GA
• 70% of the shopping center is occupied by Dollar Tree and The SMART Academy Charter School (See next pages for details)
• Positioned in a dense upper middle-class pocket of Atlanta
• High Traffic Corridor | Intercept position of I-20/I-285

STRONG ANCHOR TENANTS | 70% OF GLA
• Dollar Tree is an publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB and operates 23,000+ stores across 48 states and five Canadian provinces
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion
• The SMART Academy is a private charter school that opened in 2021 and quickly maxed out it’s 20K square feet max student count of 200
• The school offers free education for anyone who applies and qualifies, and the government pays the students tuition to the school
• The income to the school is guaranteed by the government (contact broker for specifics regarding the schools revenue)
• The tenant has spent over $500,000 in buildout costs, and recently completed a 10,000 square foot expansion that will allow them to substantially increase student count

STRATEGIC INTERSTATE POSITIONING
• The property is located on MLK Jr Dr SW (20,600 VPD)
• This portion of MLK JR Drive is located at the intercept position of two of Georgia’s largest highway systems, I-285 & I-20
• I-285 sees over 250,000 vehicles per day, and is the interstate system that circle’s Atlanta, allowing Atlanta’s residents to easily access each part of the city without driving through it
• I-20 sees over 163,000 vehicles per day and is the major east/west interstate through Atlanta connecting straight to Birmingham
• The Smart Academy has no requirements of where students live, as it is a private charter school allowing free education to any student who applies and qualifies
• Due to its proximity to I-285/I-20, the school chose its flagship location in one of the most easily accessible areas in the state of Georgia.

Investment Highlights

  • 70% Of GLA Dollar Tree & Award- Winning Charter School
  • Charter School Income Guaranteed By US Government
  • School Just Completed 30% Expansion New 10-Year Lease
  • Intercept Position For I-20/I-285
  • 5-Mile Pop. 210k+| HHI $84k

Exclusively Listed By

Financing By

Shopping Strip

Hightower Station

Listing Price: $9,068,000

Cap Rate
8.25%
Gross SF
57,500
Rentable SF
57,500
Price/Gross SF
$157.70
Lot Size
6.31 acres
Year Built
1989

Investment Highlights

  • 70% Of GLA Dollar Tree & Award- Winning Charter School
  • Charter School Income Guaranteed By US Government
  • School Just Completed 30% Expansion New 10-Year Lease
  • Intercept Position For I-20/I-285
  • 5-Mile Pop. 210k+| HHI $84k

Investment Overview

HIGHTOWER STATION • The subject property is a 56,300 square foot retail center located in Atlanta, GA • 70% of the shopping center is occupied by Dollar Tree and The SMART Academy Charter School (See next pages for details) • Positioned in a dense upper middle-class pocket of Atlanta • High Traffic Corridor | Intercept position of I-20/I-285 STRONG ANCHOR TENANTS | 70% OF GLA • Dollar Tree is an publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB and operates 23,000+ stores across 48 states and five Canadian provinces • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion • The SMART Academy is a private charter school that opened in 2021 and quickly maxed out it’s 20K square feet max student count of 200 • The school offers free education for anyone who applies and qualifies, and the government pays the students tuition to the school • The income to the school is guaranteed by the government (contact broker for specifics regarding the schools revenue) • The tenant has spent over $500,000 in buildout costs, and recently completed a 10,000 square foot expansion that will allow them to substantially increase student count STRATEGIC INTERSTATE POSITIONING • The property is located on MLK Jr Dr SW (20,600 VPD) • This portion of MLK JR Drive is located at the intercept position of two of Georgia’s largest highway systems, I-285 & I-20 • I-285 sees over 250,000 vehicles per day, and is the interstate system that circle’s Atlanta, allowing Atlanta’s residents to easily access each part of the city without driving through it • I-20 sees over 163,000 vehicles per day and is the major east/west interstate through Atlanta connecting straight to Birmingham • The Smart Academy has no requirements of where students live, as it is a private charter school allowing free education to any student who applies and qualifies • Due to its proximity to I-285/I-20, the school chose its flagship location in one of the most easily accessible areas in the state of Georgia.

Exclusively Listed By

Financing By

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