DEALS

Deals

Teton Village – Fayetteville, GA

THE OPPORTUNITY

  • Built in 2009, center is 100% leased with service-oriented tenancy
  •  Long term tenancy with 60% of tenants operating at the center for more than 5 years and 47% for 7+ years
  • Below market rent of $17.67 per square foot with scheduled annual rent escalations throughout the rent roll
  • Only two (2) tenants have options to extend their lease, giving the shopping center owner ample opportunity to raise rents upon expiration
  • Center has been exceptionally maintained; Parking lot recently repaved and restriped

THE HIGHLIGHTS

  •  High-traffic signalized intersection of 33,000 VPD
  • Median Household Incomes
    • 1 mile: $77,215
    • 3 mile: $81,737
  • Center is located along Fayetteville’s primary north-south corridor with nearby national tenants Kroger, Publix, and Ingles, among others
  • Submarket shop space rents in the low $20s with <5% vacancy

THE DEAL POINTS

  • Cap Rate: 6.50%
  • Price: $4,618,000
  • Year Built: 2009
  • NOI: $300,180
  • Occupancy: 100%

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