Brookside Station

Brookside Station

4055-4075 Old Milton Pkwy
Alpharetta, GA

Price: $8,015,000
Cap: 6.00%
NOI: $480,890
Building Size: 23,784 SF
Lot Size: 2.87 AC

Investment Highlights

• The subject property is a 23,784 SF unanchored retail offering located in a dense & affluent suburb of north Atlanta
• Property is 94% leased and includes a unique mix of restaurants, service tenants, gym tenants, and includes national brands
• Stable tenant history | Avg. Tenant Tenure 10 Year
• Leasing Momentum | 3 new leases & 4 renewals since 2020
• Rare annual increases f rom a majority of tenants

• Property is positioned at the high traffic corridor of Old Milton Parkway (41,800 VPD), just off Georgia 400 (123,000 VPD) the major interstate connecting Alpharetta to Atlanta
• Old Milton Parkway is a major r etail epicenter of North Atlanta with over 3M SF of retail
• The asset is located just two miles f rom the Avalon, an 86-acre recent development in the heart of Alpharetta that features 500,000 square feet of retail, a 12-screen all premium theater, conference center and full-service hotel, Class A off ice, single-family residences and luxury rental homes
• Avalon infuses resort-level hospitality throughout a walkable, seamlessly connected community of shopping, dining, entertainment, living and working.
• In addition to the Avalon, the Old Milton Parkway Corridor is the major retail hub connecting two of Atlanta’s most affluent suburbs, Alpharetta & John’s Creek

• The property is in Alpharetta, GA, a vibrant Southern city with an exceptional quality of life. It is widely k nown as one of Atlanta’s most affluent and desired suburbs
• Alpharetta has been an epic enter of redevelopment and features many “destination entertainment” spots such as Downtown Alpharetta with over 50 shops, restaurants, and hotels
• Trademark Property Co. is planning to redevelop the 44-acre North Point Mall site (located 3 miles f rom property) into a mixed-use development that will feature 36 townhomes, 650 multifamily residential units, a 150-room hotel, 330,000 SF of off ice space, 30,00 SF of medical space, 211,300 SF of Retail, & 86,15 SF of restaurants.

Zach Taylor
Eric Abbott

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