Proven location with credit tenancy & upside potential:
- Fully occupied with a strong mix of service-driven tenants generating consistent daily traffic—averaging 17,822 monthly visits per Alpha Map.
- Anchored by CVS (S&P: BBB/Positive), a long-standing tenant operating at this location since 1996—providing both credit-backed stability and nearly three decades of proven performance.
- Tammi’s Dry Cleaners has operated off-site since 2009, demonstrating long-term commitment. Currently on a month-to-month lease at significantly below-market rents, presenting immediate value-add potential.
- Justin’s Bar & Lounge recently moved in, signing a brand-new 5-year lease—underscoring their long-term commitment to the location.
- Strategic ±2.13 AC parcel offers flexibility for future expansion or redevelopment potential.
- Newly re-sealed and re-striped parking lot, enhancing curb appeal, safety, and functionality.
Upside through strategic lease optimization:
- Strong potential to secure a long-term lease extension with CVS, solidifying value and locking in a dependable, credit-backed income stream.
- Opportunity to convert existing gross leases to NNN, improving NOI and reducing landlord responsibilities.
Strong real estate fundamentals – backed by:
- Prominent hard-corner location at a four-way, signalized intersection with excellent visibility and access—benefiting from ±23,000 vehicles per day (VPD) along Mt. Zion Blvd.
- Favorable demographics with a dense and stable population base:
- Population: ±9,313 (1-Mi) | ±69,803 (3-Mi) | ±172,323 (5-Mi).
- Avg. HH Income: ±$65.6K (1-Mi) | ±$75.6K (3-Mi) | ±$74.5K (5-Mi).
- Ideally positioned in southern Atlanta MSA, a growing and dynamic submarket.
- Southlake Mall continues its evolution into a hybrid retail and community destination, anchored by nearly 100 national and regional tenants, the Morrow Center event venue, and the $117M Clayton Convocation Center currently under development.
Atlanta MSA advantage:
- Atlanta MSA is the 5th largest population center in the U.S., home to over 5.9 million residents.
- 30 Fortune 1000 companies are headquartered in the metro area, including 16 Fortune 500 firms.
- Georgia has ranked #1 for business climate and ease of doing business for six consecutive years (Site Selection & Area Development).
- Atlanta ranks among the top 5 U.S. metros for net migration over the past five years.
- Major industries include financial services, technology, and telecommunications Forbes Rankings:
- #13 – Best Places for Business & Careers
- #34 – Job Growth
- #41 – Education