Doraville Plaza

Doraville Plaza

5706 Buford Highway
Doraville , GA

Price: Request for Offer
Cap:
NOI: $1,818,236
Building Size: 190,167 SF
Lot Size: 17.13 AC

Investment Highlights

DORAVILLE PLAZA
• The Subject property is a 190,167 Stabilized Retail offering anchored by Burlington in the Atlanta MSA.
• Stabilized at 99% occupancy.
• WALT: 5.55 Years.
• Stable History | Average Occupancy 9.72 Years.
BURLINGTON COAT FACTORY (NYSE: BURL)
• 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 currently has plans to build 100 stores in 2021 with a long-term plan to reach over 2,000 stores in the next few years.
• This Burlington is a relocation of a store that was in operation on the same street for 30 years. Since the move in 2011 the above average sales have increased every year & boasted 2019 sales of $16,087,371 (3.7% Health Ratio).
SYNERGISTIC TENANT MIX
• Along with Burlington, the center features a tenant mix with a majority of wholesalers such as Men’s Women’s Clothing Wholesale, City Vision Wholesale Merchandise, Mir Apparel, TJ-T, Ace Handbags, K&S Wholesale Fashion, Atlanta Wholesale, & Nova Brand Apparel.
• Doraville now restricts new retail centers from leasing to Wholesale tenants.
• Doraville Plaza is “grandfathered in” which has locked in predictable occupancy, cash flow, and tenant demand in the future.
NOTE: Multiple tenants have expanded within the plaza and the occupancy has remained near 100% for over 10 years.
• In addition to these tenants, Doraville Plaza has in its outparcel’ s Chick-Fil-A, McDonald’s, Chase Bank, Wells Fargo, & Advance Auto.
STRATEGIC LOCATION
• High Traffic Area | Doraville Plaza is located on Buford Highway NE (38,000 VPD) and just off I-285, Atlanta’s busiest highway that sees 238 ,000 Vehicles per day.
• Doraville Plaza is located in a Major r etail corridor with 2.1M SF or retail in a 1-Mile Radius.
• Proximity to Studio City | The center is located adjacent to the new Studio City, a major development that will encompass 128 acres with 10 f ilm studios & 1,000 multifamily units.

Zach Taylor
Eric Abbott

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