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Tucker Shops | Starbucks Relocation Site, Tucker, GA

Tucker Shops | Starbucks Relocation Site

GA, United States

Price $6,737,500
Cap Rate
NOI
Lease Term Various
Lease Type
Rental Increases Various
Year Built 2017
Building Size 7,793 SF
Lot Size 0.91 Acres (39,640 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

NEWLY CONSTRUCTED, 100% LEASED MULTI-TENANT RETAIL CENTER
» Exceptional national and regional tenants with corporate leases – Starbucks (NASDAQ: “SBUX”), Wells Fargo (NYSE: “WFC”), Aspen Dental, and Willy’s Mexicana Grill
» Scheduled rental increases, providing a hedge against inflation
» NNN leases require minimal landlord management, ideal for an out-of-area investor
» High-quality, 2017 construction, limiting near term differed maintenance or capital costs

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Signalized hard corner location – excellent access and visibility to 19,420 vehicles per day
» Immediate access to Interstate 285, the busiest highway in the Atlanta metro area, with 186,700 vehicles per day
» Directly adjacent to Northlake Mall, anchored by Macy’s, JCPenney, Kohl’s, and Sears, and featuring over 100 stores and services
» Surrounded by major national retailers, including Target, Best Buy, Michaels, Kroger, PetSmart, T.J. Maxx, Dollar Tree, and many others

PRIME ATLANTA MSA LOCATION WITH ROBUST DEMOGRAPHICS
» Close proximity to Downtown, Midtown, and Buckhead, Atlanta’s three largest business centers
» Near DeKalb—Peachtree Airport, Georgia’s second busiest airport and Atlanta’s primary business jet airport
» 162,055 daytime employees within a five-mile radius, and 843,177 daytime employees within a ten-mile radius
» Tucker is an affluent community, with an average household income of $105,234 within a one-mile radius of the property
» Population of 285,251 within a five-mile radius

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is strategically located at the signalized hard corner of Ranchwood Drive and LaVista Road, with excellent access and visibility to 19,420 vehicles per day. The property enjoys convenient access to Interstate 285, one of the most heavily traveled roadways in the U.S., with a daily traffic count of 186,700. The property is located in a dense retail corridor, directly adjacent to Northlake Mall and across from Briarcliff Village. Northlake Mall features over 100 retailers and is anchored by Sears, Macy’s, JCPenney, and Kohl’s. Other major national tenants located near the property include Target, Best Buy, Kroger, PetSmart, Michaels, T.J. Maxx, Dollar Tree, and many others.

The property benefits from its prime location near several major employment centers. Atlanta’s three largest business districts—Downtown, Midtown, and Buckhead—are located within a ten-mile radius of the property. As a result, 162,055 daytime employees work within a five-mile radius of the property, and 843,177 daytime employees work within a ten-mile radius. Additionally, the property is located approximately three miles from DeKalb—Peachtree Airport, Georgia’s second busiest airport and Atlanta’s primary business jet airport.

Contact Us About This Property

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