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1250 Market Pl BlvdCumming, GA 30041
Cumming Marketplace
Asset ClassRetail
Year Built1997
Retail SF: 131.01 K Sq. FtOccupancy: 100%Net Operating Income: $1.95 M MillionAccess Data Room
overview of deal

Overview

Colliers, as exclusive broker, is pleased to present the opportunity to acquire Cumming Marketplace

Shopping Center (the “Property”), anchored by Marshalls, Dollar Tree, Michaels, Office Max, Party City

and PetSmart in the dense and continuously growing Cumming submarket. The Property is located along

Buford Hwy (43,800 VPD), less than 0.5 miles from Hwy-400 (66,200 VPD) and adjacent to Northside

Hospital Forsyth a 389-bed regional medical center that has over 3,600 employees and 800 physicians.

The Property is strategically positioned in the thick of the Cumming/Forsyth retail market which is made

up of 13 million square feet.

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Investment Highlights

CUMMING – AFFLUENT, HIGH INCOME ATLANTA SUBURB

  • Cumming is an affluent suburb of the Atlanta metro area on the path of growth on the GA-400 corridor which spans from Buckhead, GA to Dahlonega, GA. As a result, the Property benefits from a surrounding customer base boasting average household incomes in excess of $162,000, which is projected to grow to over $179,000 over the next 5 years.
  • The Property is 0.5 mile north of Northside Hospital Forsyth, a 389-bed hospital and employing more than 3,500 employees. Northside Hospital Forsyth is the 14th largest hospital in Georgia buy net patient revenue.
  • In close proximity to other well respected and growing cities: Sugar Hill (9miles SE), Buford (9 miles SE), Milton, GA (10 miles SW), Alpharetta, GA (12 miles SW), and Johns Creek, GA (12 miles S).

POPULATION GROWTH

  • Cumming Marketplace benefits from astounding population growth in the past with plans to continue well into the future.
  • Population within a five-mile radius of the Property has grown by 195 percent since 2000 (Esri-U.S.).
  • Despite this growth, there is still room to continue to expand. The population within a five-mile radius stands at 111,378 and is expected to grow another 9.6% by 2028.

EXCELLENT PROPERTY FUNDAMENTALS

  • 94% of GLA and 86% of Revenue comes from premier National Tenants
  • Strong performing, shadow anchor Walmart Supercenter and Home Depot is directly connected via a shared drive aisle and greatly promotes traffic to the Property as it welcomed 5.3 million visitors over the past 12 months (Placer.ai).
  • Unowned Starbucks ranks in the top 12% of Georgia chain locations (Placer.ai), unowned Home Depot ranks in the top 27%, RaceTrac top 18%, Mavis Discount Tire top 7% for each chain in Georgia rankings adding an additional source of cross shopping for the Property.
  • Long Term Tenancy show terrific property fundamentals. Michaels, OfficeMax, PetSmart and Party City have each been a tenant on property for over 20 years.

CITY OF CUMMING, GEORGIA

Located approximately 40 miles northeast of Atlanta. The city of Cumming is known for natural beauty, quality of life, growing job market, affordable living, strong public school system, and close proximity to Atlanta. With Lake Lanier being one of the major traffic drives to the City of Cumming. Lake Lanier has a surface area of approximately 38,000 acres and was created by the completion of the Buford Damn on the Chattahoochee River in the 1950s. Lake Lanier is a popular destination for boating, fishing, water sports, camping, and other recreational activities. It attracts visitors from the surrounding region and beyond.

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1250 Market Pl BlvdCumming, GA 30041

Investment Sales Advisors

Scott IsraelVice President of Retail Investment Sales at Colliers International(404) 978-2418scott.israel@colliers.com
Jessy BritoSenior Client Services Coordinator(404) 574-1012jessy.brito@colliers.com

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Listing provided by Revere CRE