BURLINGTON | PGA TOUR SUPERSTORE • 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 COAT FACTORY (NYSE: BURL) • 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 SUPERSTORE • 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
PROXIMITY TO KENNESAW STATE UNIVERSITY • 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