Lockheed Village

Lockheed Village

1368 Atlanta Road SE
Marietta, GA

Price: $4,236,000
Cap: 6.50%
NOI: $275,325
Building Size: 25,800 SF
Lot Size: 2.4 AC

Investment Highlights

NORTH ATLANTA STRIP CENTER
• The subject property is a 25, 800 SF unanchored retail strip center located in a dense & affluent suburb of northern Atlanta
• The property is stabilized at 100% occupancy, but offers upside through short term lease roll and low rents
• Replaceable Rental Rates | Average: $11.71 PSF
• Stable Tenancy | Average Tenant Tenure 10+ Years
• Leasing Momentum | 2 New Leases & 9 Renewals since 2020
• Located in Opportunity Zone

STRATEGIC LOCATION | DOBBINS AIR RESERVE BASE
• Property is positioned at the high traffic corridor of Atlanta RD SE (28,100 VPD)
• Lockheed Village is located directly adjacent to Dobbins Air Reserve Base which includes more than 2,000 Air Force Reservists and civilians assigned to the 94th AW and 22nd Air Force; and nearly 4,000 members of the Army, Navy and Marine Corps
• The Airforce Base has an annual economic impact of $181 million to Cobb County

DENSE, AFFLUENT, AND GROWING DEMOGRAPHICS
• 5 Mile Population: 222,625
• 5-Mile Avg. Household Income: 90,346
• 1-Mile Projected Growth: 5.98%

MARIETTA, GA
• The property is in Marietta, GA, one of Atlanta’s most affluent & desired suburbs
• Marietta, Georgia is located in Cobb County, Georgia, and is the county’s largest seat and largest city
• The fourth largest Suburb of the Atlanta MSA, Marietta is just 19 miles from downtown Atlanta provides its visitors and residents an exciting selection of attractions, festivals, and many outdoor activities
• Marietta is well known within Metro Atlanta for its economic and political stability. Political leaders and stakeholders continue to support and invest in the city and surrounding area.
• One of the historical destinations in Atlanta, Marietta is graced with a historic town square, five National Register Historic Districts, sights of the Civil War, past grand antebellum homes, and the battlefields at Kennesaw Mountain, The Root House Museum, an d the

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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