DEALS

Deals

Turner Hill Marketplace – Stonecrest, GA (ATL MSA)

THE OPPORTUNITY

  • ​7 Years of term remaining on Burlington lease with escalation in base rent in 2022
  • ​New 10-year lease with American Signature Furniture with a rental increase in year 5
  • ​New 10-year lease with Chapel Beauty with annual escalations
  • ​Limited small shop space consisting of only 4,200 SF
  • ​100% occupied shopping center
  • ​Significant organic rent growth over the next 10 years through built in escalations and options

THE HIGHLIGHTS

  • ​Strategically located just minutes from Downtown Atlanta
  • ​Located at signalized intersection and with over 19,000 vehicles per day on Turner Hill Rd at Stonecrest Pkwy, one of the best locations within the market
  • ​Dense retail corridor with Stonecrest Mall and Walmart Supercenter on either side of the shopping center.​
  • ​Easy access to I-20, which has over 112,000 VPD
  • ​Well maintained, completely renovated Shopping Center in great physical condition
  • ​101,588 residents within 5-mile radius
  • ​Asset benefits from continued growth of the Atlanta market

THE DEAL POINTS

  • Square Feet: 124.294 SF
  • Cap Rate: 8.00%
  • Asking Price: $17,690,000
  • Year Built/Renovated: 2001/2017
  • NOI: $1,415,247
  • Occupancy: 100%

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