DEALS

Deals

Shops at Turner Hill – Lithonia, GA

THE OPPORTUNITY

  • Internet resistant tenant lineup of restaurants, healthcare, and services
  • Panera Bread a strong traffic driver with increasing sales over the last 5 years and significant lease term remaining
  • Scheduled NOI growth through rent bumps and options

THE DEAL POINTS

  • Square Feet: 32,200 SF
  • Occupancy: 94%
  • Asking Price: $7,886,273
  • Asking Cap Rate: 7.75%
  • Price PSF: $244.92/SF

THE HIGHLIGHTS

  • Center is located within the main retail corridor in the Lithonia market
  • Located at signalized hard corner
  • Strong traffic counts of over 17,000 in front of center and over 111,000 on I-20
  • Visibility and access are excellent
  • Center located in the Atlanta MSA and benefits from continued growth of the Atlanta Market

 

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