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1923 Howell Mill Rd NWAtlanta, GA 30318
Shops at Howell Mill
Asset ClassRetail
Deal Size$3.46 M
Irreplaceable Location | 5 Miles to center city Atlanta, GA |
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Multi-Tenant Strip Center in Atlanta, GA. This 5,969 SF building is a 100% occupied by two tenants: Feet Retreat Spa Massage & Teriyaki Madness. The asset is well positioned along a highly trafficked commuter corridor and within an infill Atlanta neighborhood full of trendy retail concepts.

 

Situated off of I-75, the 5,969 square foot building has recently signed 2 leases. Each lease offers an initial 10- year term with rent escalations during the base term and option periods. Rents for both tenants commenced in October 2022

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Investment Highlights

ATTRACTIVE LEASE FUNDAMENTALS

  • Each Tenant has rental increases throughout the base term and option periods
  • Each lease is structured NNN, providing minimal landlord responsibility

HIGHLY ACCESSIBLE AND VISIBLE LOCATION

  • Site is located off of busy Howell Mill Road NW (34.4K VPD)
  • Positioned one tenth of a mile from busy connecting highway I-75 (218K VPD)

LOCATED IN A COMMERCIAL CORRIDOR

  • Over 1.1MSF of Retail Space in a 1-mile radius
  • National tenants include: Walgreens, Petco, Kroger, Ulta Beauty, and more| Site is surrounded by various high trafficked breweries

DENSE DEMOGRAPHICS

  • More than 145k people live within a 3-mile radius of the subject site
  • More than 365K people live in a 5-mile radius of the site
  • Average household income within a mile of the site is over $155K which is almost double the national average of $80K

ATLANTA MSA

  • The Shops at Howell Mill are strategically located five miles away from center city Atlanta, GA
  • The Atlanta MSA is the most populous Metro Statistical Area in Georgia with over 6.18M people

HEAVY RESIDENTIAL PRESENCE

  • Almost 5,000 units of Multifamily within a one mile radius of the shopping center
  • Nearby Apartment Complexes include: The Howell - a 212 Unit complex across the street
  • Millworks Apartments - a 345 unit complex across the street from the site
  • Also located across the street from the site is the 256 Unit complex called the Bell Collier Village
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1923 Howell Mill Rd NWAtlanta, GA 30318

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Listing provided by Revere CRE