Village Shoppes at Creekside

Investment Highlights

VILLAGE SHOPPES AT CREEKSIDE
• The subject property is a 98,859 SF Retail Offering in the Atlanta MSA
• Village Shoppes offers investors a unique mix of leasing momentum, stability, & upside
• Center is 90% occupied (Pending Lease execution from Hibbett & AAA Insurance)
• Center has WALT of 5.23 Years
• Proforma CAP: 10.73%
• 5-Year IRR: 25.72%

LEASING MOMENTUM
• 2019 - Badcock Furniture executed a 10-year lease
• 2019 - Bol-Deals executed a 6-Year Lease
• 2020 - Harbor Freight tools executed a 10-Year lease
• 2020 - Results Physiotherapy executed a 6-Year lease
• 2020 - Priority Shipping executed a 6-year lease
• 2021 - Mas Por Menos Grocery executed a 6-year lease
• 2021 - Xhale City executed 5-Year Lease
• Seller has Pending Leases with AAA and Hibbett Sports for 7,858 SF
• In addition to these tenants, center has brought on Starbucks, Chipotle, Firehouse Subs, Tropical Smoothie Cafe & AcuQuest Diagnostics in the outparcels

UPSIDE OPPORTUNITY
• The subject is offered at 90% occupied with 5 vacant units
• Year 1 CAP Rate: 8.00% | Cash on Cash: 11.34%
• Year 5 Cap Rate: 10.75% | IRR: 23.85% (Fully Occupied under Current Market Leasing Assumptions)

EXCELLENT PHYSICAL CONDITION
• This asset features upgraded construction with an attractive stone facade & new paint
• The roof on buildings 100 & 200 were replaced in 2019 and have transferable 20-year warranties
• Recent sections of the parking lot were replaced in 2019