Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in the Austell Station (“The Property”), a Class “A”, 8,800 square-foot newer construction retail strip center located in Austell, Georgia (Atlanta MSA). The multi-tenant retail center features a blue-chip tenant lineup including Aspen Dental, Jersey Mike’s, Wingstop, and Stanton Optical. Built in 2018, the property features a high end façade, carefully groomed landscaping, zero deferred maintenance, and 13-years remaining on the roof warranty. The investment also provides 100 percent triple net leases providing stable predictable cash flows. The Property is ideally positioned in Austell, a dense and growing suburb in northwest Atlanta. The Property boasts average household incomes north of $95,000 within a three mile radius and a population of more than 63,000 residents within three miles. Strategically situated at the hard corner of Austell Rd and East-West Connecter, the center features direct frontage and convenient access along the submarket’s main retail corridor with immediate visibility to more than 37,000 vehicles per day on East-West Connector and an additional 31,000 vehicles per day on Austell. In addition, the Property is set directly across from Target and Lowe’s. The intersection is host to an ever-increasing plethora of investment grade and national retailers including LA Fitness, McDonalds, Lowe’s, Target, TJ Maxx, Kohls, Ross, The Wellstar Cobb Medical Center, and much more. The Property is offered free and clear of debt at a 6.50% cap rate totaling $5,270,000.