Vickery Village

Investment Highlights

Institutional Property Advisors is pleased to offer Vickery Village, a 59,601 square foot retail center located at 5755 S. Vickery St., Cumming GA 30040 (“The Property”) for purchase. The offering is the street level retail portion of the greater 188,000 square foot Vickery Village master community that consists of retail, office, and residential. This is the town center for the local community, and presents the opportunity for an investor to purchase the fee simple interest in a generational piece of real estate in heart of one of the Southeasts most affluent and fastest growing markets – Cumming, GA. Cumming is located in South Forsyth County, which was ranked by CNN as a top 10 fastest growing county in the US. The Vickery Village Community is positioned in a highly affluent and rapidly growing pocket of Cumming, boasting household incomes of $190,000 and a projected 5-Year growth rate of 21% Vickery has 27 current tenants averaging 2,200 square feet, most of which have been in occupancy since their acquisition in 2016. All tenants remained current through COVID. Many tenants want more space, and there is a waiting list of tenants to get space here. The investment offers huge long term upside for an investor. The most recent 4 leases were signed at $25/sf and the average of the remaining tenants is $20/SF. Other mixed-use projects within 5-Miles with similar demos (and some of our same tenants) are $40+/SF. The closest Publix gets $25/SF for their shop space. Only 2 tenants over 6,000 SF: Cherry Street (7,101/SF) & Cinco Mexican (6,000/SF). Tenant mix includes eight restaurants & service tenants: barber, nails, tutor, tailor, eye doctor, chiropractor, pet grooming, tax, financial advisor, etc. Vickery Village’s residential is 800+ homes on 210 acres with an avg. sales price of $1+m. Homes were built by Hedgewood & John Weiland. The YMCA, middle, and elementary school are next door. The Forsyth County Polo Fields are across the street. They are 50 acres of athletic and equestrian fields used by local sports clubs. Vickery Village’s town green is host to farmers’ market, concerts, outdoor movies, and festivals.

• The subject property is located in the North Atlanta Lake community of Cumming Georgia, the County Seat of Forsyth County

• Forsyth County is one of the fastest growing counties in the country (Currently ranked #7th in Growth), and was projected expected to grow 58% from 2015 to 2030

• A popular Atlanta commuting destination for high-net worth individuals, Forsyth County is currently ranked as the 16th wealthiest county in the country

• The surrounding 1-Mile radius grew by 111.31% in population from 2000-2010 and is projected for 21.33% growth over the next 5 years