Hightower Station

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Hightower Station

2630 MLK Jr. Drive
Atlanta, GA

Price: $8,810,000

Cap: 8.50%

NOI: $748,986

Building Size: 57,500 SF

Lot Size: 6.31 AC

Investment Highlights

HIGHTOWER STATION

• The subject property is a 56,300 square foot retail center located in Atlanta, GA

• 70% of the shopping center is occupied by Dollar Tree and The SMART Academy Charter School (See next pages for details)

• Positioned in a dense upper middle-class pocket of Atlanta

• High Traffic Corridor | Intercept position of I-20/I-285

STRONG ANCHOR TENANTS | 70% OF GLA

• Dollar Tree is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB and operates 23,000+ stores across 48 states and five Canadian provinces

• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion

• The SMART Academy is a private charter school that opened in 2021 and quickly maxed out its 20K square feet max student count of 200

• The school offers free education for anyone who applies and qualifies, and the government pays the students' tuition to the school

• The income to the school is guaranteed by the government (contact broker for specifics regarding the school's revenue)

• The tenant has spent over $500,000 in buildout costs, and recently completed a 10,000 square foot expansion that will allow them to substantially increase student count

STRATEGIC INTERSTATE POSITIONING

• The property is located on MLK Jr Dr SW (20,600 VPD)

• This portion of MLK JR Drive is located at the intercept position of two of Georgia's largest highway systems, I-285 & I-20

• I-285 sees over 250,000 vehicles per day, and is the interstate system that circles Atlanta, allowing Atlanta's residents to easily access each part of the city without driving through it

• I-20 sees over 163,000 vehicles per day and is the major east/west interstate through Atlanta connecting straight to Birmingham

• The Smart Academy has no requirements of where students live, as it is a private charter school allowing free education to any student who applies and qualifies

• Due to its proximity to I-285/I-20, the school chose its flagship location in one of the most easily accessible areas in the state of Georgia.

Zach Taylor

678-808-2780 | EMAIL >

Eric Abbott

678-808-2746 | EMAIL >

OFFERING MEMORANDUM

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