Shopping Strip

Kroger Shadow Center

4045 Marietta Hwy, Canton, GA 30114

Listing Price: $2,525,000

Cap Rate
7.50%
Gross SF
10,400
Rentable SF
10,400
Price/Gross SF
$242.79
Lot Size
0.24 acres
Year Built
2001

Investment Overview

The subject property is a 10,400 SF shadow anchored retail center located adjacent to a high volume Kroger grocery store in a growing, affluent, and densely populated submarket in Atlanta, Georgia. STABLE KROGER ANCHOR & COMPLIMENTARY SHOPS • Kroger affirmed its long-term strategy and success at this location by purchasing their own store and adding a fuel station while including additional space for expansion at the site if they choose to do so • The shops boast a complimentary mix of both National & Local (Restaurant & Daily Use) • Stable tenants | Average Occupancy of 8+ Years • Conservative Rents | The property has an average rent of $19/SF which is in line or slightly below market rate OUTSTANDING DEMOGRAPHICS • 5 Mile Population: 89,888 • Average Household Income: $99,689 • Projected Population Growth over the next 5 Years: 17.62% • The property lies in a desirable submarket of Atlanta that has experienced an explosive amount of growth (77% increase in population since 2000 | 19% increase since 2010) STRATEGIC LOCATION • The center is ideally located at the corner of Marietta Highway (18,700 VPD) & I-575 (77,500 VPD) • The property sits in a dense & affluent suburban pocket | 30,403 households in 5-Mile radius • Located in the heart of main retail corridor (1.7M Square Feet of Retail in a 3 mile radius) • Surrounding retailers include Walmart, Publix, Dollar Tree, and more NORTH ATLANTA SUBURB | CANTON, GA • Located 35 miles north of Atlanta, the city of Canton is the county seat of Cherokee County • The county boasts a thriving economic base, an educated workforce (over 40% of residents have post secondary degree), and is home to Kennesaw State University, Georgia’s 3rd largest college in enrollment with 38,000+ students • The population density of Canton is 1,380 per sq. mi which is 638% than the Georgia average and 1,423% higher than the national average • The most common industries in Cherokee County by number of employees are Retail Trade (15,673), Manufacturing (11,333), and Health Care & Social Assistance (11,168) • Canton has more than doubled in size in the past 10 years, attracting residents with its affordable housing, and strong job growth, and vibrant downtown with attractions such as the historic Jones Building, allowing businesses and residents to experience a cultural arts center along with new retail shops

Investment Highlights

  • STABLE KROGER SHADOW ANCHOR
  • NORTH ATLANTA SUBURB
  • AFFLUENT & GROWING DEMOS | HHI $91,047 · GROWTH 19.48%
  • STABLE TENANTS | AVG. OCCUPANCY 8+ YEARS
  • BELOW MARKET RENTS | $19.60/SF
  • INTERSTATE LOCATION | 83,900 VPD

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

  • Zachary Taylor

    First Vice President Investments

    Email Zachary

    License(s): GA: 266327

    Atlanta

Shopping Strip

Kroger Shadow Center

Listing Price: $2,525,000

Cap Rate
7.50%
Gross SF
10,400
Rentable SF
10,400
Price/Gross SF
$242.79
Lot Size
0.24 acres
Year Built
2001

Investment Highlights

  • STABLE KROGER SHADOW ANCHOR
  • NORTH ATLANTA SUBURB
  • AFFLUENT & GROWING DEMOS | HHI $91,047 · GROWTH 19.48%
  • STABLE TENANTS | AVG. OCCUPANCY 8+ YEARS
  • BELOW MARKET RENTS | $19.60/SF
  • INTERSTATE LOCATION | 83,900 VPD

Investment Overview

The subject property is a 10,400 SF shadow anchored retail center located adjacent to a high volume Kroger grocery store in a growing, affluent, and densely populated submarket in Atlanta, Georgia. STABLE KROGER ANCHOR & COMPLIMENTARY SHOPS • Kroger affirmed its long-term strategy and success at this location by purchasing their own store and adding a fuel station while including additional space for expansion at the site if they choose to do so • The shops boast a complimentary mix of both National & Local (Restaurant & Daily Use) • Stable tenants | Average Occupancy of 8+ Years • Conservative Rents | The property has an average rent of $19/SF which is in line or slightly below market rate OUTSTANDING DEMOGRAPHICS • 5 Mile Population: 89,888 • Average Household Income: $99,689 • Projected Population Growth over the next 5 Years: 17.62% • The property lies in a desirable submarket of Atlanta that has experienced an explosive amount of growth (77% increase in population since 2000 | 19% increase since 2010) STRATEGIC LOCATION • The center is ideally located at the corner of Marietta Highway (18,700 VPD) & I-575 (77,500 VPD) • The property sits in a dense & affluent suburban pocket | 30,403 households in 5-Mile radius • Located in the heart of main retail corridor (1.7M Square Feet of Retail in a 3 mile radius) • Surrounding retailers include Walmart, Publix, Dollar Tree, and more NORTH ATLANTA SUBURB | CANTON, GA • Located 35 miles north of Atlanta, the city of Canton is the county seat of Cherokee County • The county boasts a thriving economic base, an educated workforce (over 40% of residents have post secondary degree), and is home to Kennesaw State University, Georgia’s 3rd largest college in enrollment with 38,000+ students • The population density of Canton is 1,380 per sq. mi which is 638% than the Georgia average and 1,423% higher than the national average • The most common industries in Cherokee County by number of employees are Retail Trade (15,673), Manufacturing (11,333), and Health Care & Social Assistance (11,168) • Canton has more than doubled in size in the past 10 years, attracting residents with its affordable housing, and strong job growth, and vibrant downtown with attractions such as the historic Jones Building, allowing businesses and residents to experience a cultural arts center along with new retail shops

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

  • Zachary Taylor

    First Vice President Investments

    Email Zachary

    License(s): GA: 266327

    Atlanta

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