Town Center Oaks

Town Center Oaks

Kennesaw (Atlanta MSA), GA

Price: $11,890,000
Cap: 6.75%
NOI: $802,587
Building Size: 52,456 SF
Lot Size: 5.04 AC

Investment Highlights

• The property is a 52,456 SF retail shopping center in a dense & affluent suburb of north Atlanta
• Features a complimentary mix of essential r etail, service, & restaurants
• The property offers immediate upside, as it is 86 % leased with 4 vacant units
• Replaceable rental rates in line with surrounding market | Avg: $18.88 PSF
• Center boasts a stable tenant history with an average tenant tenure of 16+ years and many tenants having occupied the center for over 20 & 30 years

• Property is located at the intersection of George Busbee Pkwy and & Earnest Barrett Pkwy (57,000 VPD) as a part of the Town Center at Cobb shopping district
• Town Center at Cobb, which sees 4.72 Annual visits, is in th e top 1% of Shopping Centers in the country, and is the #2 visited center in GA
• Town Center Oaks is strategically positioned at the intercept position of I-75 (120,000 VPD) & I-575 (76,700), two major interstates leading into Atlanta and with direct access to Earnest Barrett Pkwy
• This corridor is one of the major retail destinations in Georgia, with over 6M SF of retail in a 1-Mile r adius surrounding the property

• Kennesaw, GA is a City in Northwest Atlanta and is located in one of Georgia’s most desired suburbs, Cobb County
• Cobb County is Atlanta’s third 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
• The county 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.
• Kennesaw is home to Kennesaw State University, which has eclipsed University of Georgia & Georgia Tech as the state’s most populated university with 41,181 students and over 1,800 staff
• Among the economic drivers within Kennesaw are many of Georgia’s natural destinations, such as Kennesaw Mountain & Lake Allatoona which see over 10 million combined annual visitors

Zach Taylor
Eric Abbott

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