East Village | Revere

OFFERING INTRODUCTION

Matthews Real Estate Investment Services™, as exclusive broker, is pleased to offer the opportunity to acquire East Village - a 24,674± SF dynamic neighborhood retail asset with developable pads situated at the entrance to a mixed-use development, fronting Holcomb Bridge Rd in Alpharetta, GA.

INVESTMENT HIGHLIGHTS

RARE NEIGHBORHOOD CENTER OPPORTUNITY | NATIONAL CREDIT + VALUE CREATORS

Front strip features strong national credit – Five Guys, Panda Express, and Palm Beach Tan
E-commerce resistant, service-oriented retail blend
2 Included OP pad sites provide excellent value creation opportunity
Strong leasing momentum – Five (5) new 10-yr leases since 2023
6 of 9 tenants have annual rent escalations, creating intrinsic NOI growth

RAPIDLY GROWING NORTH ATLANTA LOCATION

Synergistic adjacent consumer draws – Dollar Tree and Wellstar
Situated in Alpharetta – one of Atlanta’s fastest growing communities
Convenient proximity to GA-400 – a major north-south commuter highway
Walking distance to Centennial High School – over 3,170 students
Surrounded by residential on all sides – 1,300 Apartments and 1,575 homes

PART OF MAJOR MIXED-USE REDEVELOPMENT | AVERLY EAST VILLAGE & CARDINAL EAST VILLAGE

Walkable on-site consumer base via 335 luxury apartments & 74 townhomes
Community green area & amenity pavilion
Adjacent to Towns at East Village (62 Townhomes) & Brickmont at Roswell Assisted Living (132 Beds)

MARK-TO-MARKET UPSIDE

With area “outparcel” market rents averaging between upper $30’s to low $40’s, East Village offers significant upside in raising the building fronting Holcomb Bridge significantly.

HIGH PROFILE, HEAVILY TRAFFICKED COMMUNITY POSITION

Situated fronting Holcomb Bridge Rd (GA-140) – one of North Atlanta’s busiest traffic corridors with 44,500 VPD
Minutes from 3 different affluent communities – Alpharetta, Roswell and Johns Creek
Across from Horseshoe Bend Country Club – 1,200 homes with a median price of $625,000

TREMENDOUS ALPHARETTA TRADE AREA DEMOGRAPHICS

Strong consumer density – 202,404 people within 5 miles
Highly affluent community - $150,713 Avg. HH Income within 3 miles
“Ranked #2 Place to Live in GA” - Niche.com

MARKET OVERVIEW

Situated just east of GA-400, East Village is located in Alpharetta, within the heart of Atlanta’s affluent northern arc; fronting Holcomb Bridge Rd (GA-140) - one of the city’s busiest thoroughfares (44,400 VPD).

Alpharetta, GA (Atlanta MSA)

Situated roughly 23 miles north of the heart of Atlanta and 32 miles from Hartsfield-Jackson Atlanta International Airport, Alpharetta serves as one of Atlanta’s most affluent, and fastest-growing enclaves, characterized by excellent schools and major retail destinations like Avalon and the North Point Mall area. With convenient access to GA-400 via Holcomb Bridge Rd, East Village is conveniently situated between major north Atlanta suburbs, including Roswell, Norcross, Peachtree Corners and Alpharetta.

PROPERTY ATTRIBUTES

Dynamic, Mixed-Use Environment

The retail at East Village is part of a larger mixed-use redevelopment, comprised of luxury apartments, townhomes, and ancillary consumer draws like Wellstar and Dollar Tree; providing a significant benefit to tenants at the Property. Comprised of 335 units and 136 townhomes, with on-site walkability, the residential component at East Village creates a unique village retail dynamic with a layered consumer base.

High-Growth, Affluent Position Along Atlanta’s Northern Arc

East Village is extremely well-located, fronting Holcomb Bridge Rd (GA-140) in Alpharetta – the Atlanta MSA’s fastest growing community. With a highly affluent consumer base and excellent infrastructure, the city of Alpharetta has been ranked the “#2 Place to Live in GA” by Niche.com and “#24 Place to Live in the U.S.” by U.S. News & World Report.

Major north Atlanta thoroughfare

Connecting I-85 and GA-400 with communities, including Peachtree Corners, Johns Creek, Alpharetta, Roswell and Woodstock

TENANT HIGHLIGHTS

E-commerce Resistant, National Tenant Roster

The tenant roster at East Village features a strong combination of predominantly national, essential services tenants, including Five Guys, Panda Express, Palm Beach Tan, Hounds Town and Taste Buds Kitchen. An advantageously e-commerce resistant mix, 6 of 9 tenants boast annual rent escalations, creating valuable intrinsic NOI growth for an incoming owner, from day one.

Excellent Leasing Momentum

With 7 new, long-term tenants added since 2023, East Village has had robust leasing momentum, in conjunction with the completion of the residential redevelopment at the Property. Providing an extremely strong WALT of 7.18, the Property is well positioned for an incoming owner, with a unique combination of stability and ongoing opportunity via the two included outparcel pads.

Two Included Outparcel Pads

The East Village offering includes two valuable outparcel pads – each of which is well-situated at one of the two main entrances to the East Village redevelopment. Providing excellent future upside, the pads give an incoming buyer the lucrative opportunity to capitalize on the strong, recent leasing momentum at the Property, along with the addition of Averly East Village Apartments and Cardinal East Townhomes.