For Sale
$9,700,000

3435 Roosevelt HwyAtlanta, GA 30349

High-yield, Class A retail center in Atlanta, GA.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A shopping center, Red Oak Village, presents a compelling investment opportunity in Atlanta, Georgia. Located at 3435 Roosevelt Hwy, in Fulton County, this fee-simple property boasts 75,011 square feet across four buildings, constructed in 1987. Currently operating at 100% occupancy with a multi-tenant NNN lease structure, the property generates a substantial NOI of $666,862, representing a 6.87% cap rate. The asking price is $9,700,000, translating to $129.31 per square foot. The property benefits from a stabilized investment profile with value-add potential due to below-market rents and several lease expirations within the next two years. The strong tenant base includes a mix of national chains and local businesses, many with annual rent escalations of 3%. The property's strategic location, just five miles from Hartsfield-Jackson Atlanta International Airport, within a thriving retail submarket with less than 3% vacancy, further enhances its investment appeal. The property features zero deferred maintenance and brand new amenities. This presents a rare opportunity to acquire a high-performing asset in a rapidly expanding market, offering significant long-term growth prospects. The property's current performance and future upside potential make it an attractive investment for discerning buyers.

Highlights

  • Immaculately maintained property with brand-new amenities.
  • 7% capitalization rate, with built-in rent increases for year two.
  • Strong tenant roster featuring multiple national, long-term tenants.
  • Exceptional value at $133/SF, significantly below replacement cost.
  • Prime location in Atlanta's thriving market.

Property Details for 3435 Roosevelt Hwy

Property type
Lifestyle centers, Power centers
Square Feet
75,011 SF
Class
A
Year Built
1987
Buildings
4

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.6222392
Longitude
-84.5026776
3435 Roosevelt Hwy, Atlanta, Georgia

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3435 Roosevelt Hwy
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