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Shopping Strip

Kroger Shadow Center

1162 Moreland Ave SE, Atlanta, GA 30316

Listing Price: $3,380,000

Cap Rate
7.00%
Gross SF
10,822
Rentable SF
10,822
Price/Gross SF
$312.33
Lot Size
2.34 acres
Year Built
2002

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 hyper-dense in-town pocket of Atlanta, GA STABLE KROGER ANCHOR & SHOPS • Kroger just recently affirmed its long-term strategy and success at this location by executing a long term lease in January of 2021 • This Kroger location has been open and operating since construction in 2002 • The contiguous shops boast a complimentary mix of Local Restaurant & Daily Use tenants (Internet/Pandemic resistant) • Leasing Momentum | Two new tenants signed in the last 12 months during pandemic • Stable History | Existing tenants average occupancy history 12+ years • Replaceable Rental Rates • Rare Annual rent increases STRATEGIC & IRREPLACEABLE IN-TOWN LOCATION • Property is located in a dense, suburban pocket of in-town Atlanta • Subject is located on of Moreland, Ave (43,200 VPD), a historic road on the east side of Atlanta connecting major neighborhoods like Little Five Points, Virginia Highlands, Edgewood, East Atlanta Village, well known cultural hubs of Atlanta • Limited competition | Property is the closest Grocery Anchored center to East Atlanta Village (1 Mi.) • Surrounding retailers include: Piggly Wiggly, Dollar General, Citi Trends, Autozone, Chase Bank, Popeye’s, Burger King, & many more HYPER DENSE & AFFLUENT DEMOGRAPHICS • 5 Mile Population: 301,152 • Average Household Income: $95,663 • Projected Population Growth over the next 5 Years: 2.81% EAST ATLANTA SUBURB • The epicenter of cultural expression, East Atlanta seamlessly mixes historic with hip and unique to create one of the city’s most unique and livable neighborhoods • East Atlanta real estate includes historic bungalows and townhomes as well as modern single-family homes. Home prices are still largely affordable despite the neighborhood’s popularity and coveted location, making it ideal for those in the market for starter homes and young professionals. • The affordable housing lies down the street from bohemian bars and quirky shops and restaurants, making East Atlanta a top hangout for young professionals and anyone looking for the most popular neighborhood to live in. • East Atlanta real estate enjoys great amenities and easy access to the city’s major transportation nodes and highways. • The neighborhood is host to a great number amenities such as Brownwood park, Atlanta-Fulton Public Library, a robust social scene, & offers close proximity to several MARTA Station • Events held in the area include East Atlanta Strut, East Atlanta Beer Festival, EAV Farmers Market, The Little Five Halloween Parade, East Atlanta Twilight Criterium, and many more.

Investment Highlights

  • Strong Kroger Anchor
  • Kroger Recently Executed Long Term lease
  • Desireable In-Town Location
  • Dense & Affluent Demos | Pop: 301,152 | HHI: $95,663
  • Stable Tenants | Avg. Occupancy History 12+ Years
  • High Traffic Corridor | Moreland Ave. (43,200 VPD)

Exclusively Listed By

Listing Price: $3,380,000

Cap Rate
7.00%
Gross SF
10,822
Rentable SF
10,822
Price/Gross SF
$312.33
Lot Size
2.34 acres
Year Built
2002

Investment Highlights

  • Strong Kroger Anchor
  • Kroger Recently Executed Long Term lease
  • Desireable In-Town Location
  • Dense & Affluent Demos | Pop: 301,152 | HHI: $95,663
  • Stable Tenants | Avg. Occupancy History 12+ Years
  • High Traffic Corridor | Moreland Ave. (43,200 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 hyper-dense in-town pocket of Atlanta, GA STABLE KROGER ANCHOR & SHOPS • Kroger just recently affirmed its long-term strategy and success at this location by executing a long term lease in January of 2021 • This Kroger location has been open and operating since construction in 2002 • The contiguous shops boast a complimentary mix of Local Restaurant & Daily Use tenants (Internet/Pandemic resistant) • Leasing Momentum | Two new tenants signed in the last 12 months during pandemic • Stable History | Existing tenants average occupancy history 12+ years • Replaceable Rental Rates • Rare Annual rent increases STRATEGIC & IRREPLACEABLE IN-TOWN LOCATION • Property is located in a dense, suburban pocket of in-town Atlanta • Subject is located on of Moreland, Ave (43,200 VPD), a historic road on the east side of Atlanta connecting major neighborhoods like Little Five Points, Virginia Highlands, Edgewood, East Atlanta Village, well known cultural hubs of Atlanta • Limited competition | Property is the closest Grocery Anchored center to East Atlanta Village (1 Mi.) • Surrounding retailers include: Piggly Wiggly, Dollar General, Citi Trends, Autozone, Chase Bank, Popeye’s, Burger King, & many more HYPER DENSE & AFFLUENT DEMOGRAPHICS • 5 Mile Population: 301,152 • Average Household Income: $95,663 • Projected Population Growth over the next 5 Years: 2.81% EAST ATLANTA SUBURB • The epicenter of cultural expression, East Atlanta seamlessly mixes historic with hip and unique to create one of the city’s most unique and livable neighborhoods • East Atlanta real estate includes historic bungalows and townhomes as well as modern single-family homes. Home prices are still largely affordable despite the neighborhood’s popularity and coveted location, making it ideal for those in the market for starter homes and young professionals. • The affordable housing lies down the street from bohemian bars and quirky shops and restaurants, making East Atlanta a top hangout for young professionals and anyone looking for the most popular neighborhood to live in. • East Atlanta real estate enjoys great amenities and easy access to the city’s major transportation nodes and highways. • The neighborhood is host to a great number amenities such as Brownwood park, Atlanta-Fulton Public Library, a robust social scene, & offers close proximity to several MARTA Station • Events held in the area include East Atlanta Strut, East Atlanta Beer Festival, EAV Farmers Market, The Little Five Halloween Parade, East Atlanta Twilight Criterium, and many more.

Exclusively Listed By

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