Shopping Community

Belvedere Plaza

3479 Memorial Dr, Decatur, GA 30030

Listing Price: $20,499,999

Cap Rate
7.50%
Gross SF
274,518
Rentable SF
274,518
Price/Gross SF
$74.68
Lot Size
29.00 acres
Year Built
1956

Investment Overview

Belvedere Plaza is the dominant retail center in the trade area with a Walmart Supercenter across the street and no other significant retailers nearby. The center recently underwent significant capital improvements including new roof, facade, and parking lot overlay. At the same time Kroger extended their lease until 2023 and installed a fuel station in November 2014. Planet Fitness joined the tenant lineup in 2020. The property serves a five mile population of over 279,477 residence with an average household income of $78,252.

Investment Highlights

  • Atlanta Infill Kroger Anchored Center With Strong Store Sales, 26 Year History, And New Fuel Station
  • #1 Grocer In The Market and #2 Nationally Behind #1 Walmart.
  • 274,518 SF Priced At Only $82 SF With 18% Vacancy

Exclusively Listed By

  • Craig Johnson

    First Vice President Investments

    Email Craig

    License(s): GA: 240674

    Atlanta

Shopping Community

Belvedere Plaza

Listing Price: $20,499,999

Cap Rate
7.50%
Gross SF
274,518
Rentable SF
274,518
Price/Gross SF
$74.68
Lot Size
29.00 acres
Year Built
1956

Investment Highlights

  • Atlanta Infill Kroger Anchored Center With Strong Store Sales, 26 Year History, And New Fuel Station
  • #1 Grocer In The Market and #2 Nationally Behind #1 Walmart.
  • 274,518 SF Priced At Only $82 SF With 18% Vacancy

Investment Overview

Belvedere Plaza is the dominant retail center in the trade area with a Walmart Supercenter across the street and no other significant retailers nearby. The center recently underwent significant capital improvements including new roof, facade, and parking lot overlay. At the same time Kroger extended their lease until 2023 and installed a fuel station in November 2014. Planet Fitness joined the tenant lineup in 2020. The property serves a five mile population of over 279,477 residence with an average household income of $78,252.

Exclusively Listed By

  • Craig Johnson

    First Vice President Investments

    Email Craig

    License(s): GA: 240674

    Atlanta

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