Burlington | PGA Tour Superstore Center

Burlington | PGA Tour Superstore Center

2911 George Busbee Pkwy
Kennesaw, GA

Price: Request For Offer
NOI: $1,285,973
Building Size: 153,486 SF
Lot Size: 12.02 AC

Investment Highlights

• Noonday Creek Crossing is a 74,719 square foot retail shopping center offering in a dense & af fluent suburb of North Atlanta
• 86% of the subjec t property is occupied by Burlington and PGA Tour Superstore
• The property is located less than half a mile fr om the Towne Center at Cobb, a premier retail corridor positioned off Ernest Barrett Parkway (46,300 VPD)
• Less than a mile from the heart of Kennesaw State University’s campus, Georgia’s largest college by student population

• Burlington just renewed its lease for 5 years at this location
• Burlington Coat Factory is an American National off-price department store retailer reporting $5.8 billion in revenue (2020).
• They are outpacing the discount apparel industry with an unmatched annual sales growth rate of 8% operating 784 stores in 40 states & Puerto Rico.
• It is the 3rd largest off-price retailer in the world after TJX Companies and Ross Stores.
• Burlington built 100 stores in 2021 with a long- term plan to reach over 2,000 stores in the next few years.

• PGA Tour Superstores are owned and operated by Golf & Tennis Pro Shop, Inc., a wholly-owned subsidiary of AMB Group, LLC (Arthur M Blank Foundation)
• Arthur M. Blank (Net Worth $7.7B) is the founder of Home Depot and owner of the Atlanta Falcons
• As an entity of the Blank Family of Business, it is under the umbr ella of a mega-conglomerate that shares ownership in the Atlanta Falcons, Atlanta United MLS, Mercedes Benz Stadium, & AMBSE Ventures Click to Access Website
• PGA Tour Superstore had a record-setting year in 2021, experiencing an 80% increase in business since 2019 Click to Access Article 

• This property is located less than a mile fr om Kennesaw State University, GA’s largest college by student population
• It is located just adjacent to the Kennesaw State Sports and Entertainment Complex
• Surrounded by numerous student housing & mul tifamily developments
• The investment presents a rare covered land opportunity to own a stabilized cash-flowing asset with Credit tenants on a highly desir ed plot of land

Zach Taylor
Eric Abbott

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