For Sale
$9,345,200

6459 Ga-42Rex, GA 30273

Grocery-anchored retail center in Atlanta MSA

Overview

Added:
Dec 11, 2024
Days on market:
115
Creekwood Village Shopping Center, a 69,778-square-foot, single-story retail center in Rex, Georgia (Atlanta MSA), presents a compelling value-add opportunity. This 100% occupied, 15-tenant property boasts a strong anchor tenant, Food Depot, a regional grocer with a long-term lease (extending to May 2030 with two 5-year options) and a significant presence (46,328 sq ft). The diverse tenant mix includes e-commerce resistant businesses like Metro PCS, Beauty Town, and Urban Pub & Grill. Situated on a 9.2-acre lot at a high-traffic intersection (Macon Hwy and Dale Rd, with 29,390 vehicles per day and I-675 proximity boasting 74,100 VPD), the center offers excellent visibility and accessibility. The property features 409 parking spaces and three points of ingress/egress. With a Class B rating, NNN lease type, and corporate guarantees on over 50% of the income, this investment offers a stable cash flow. The asking price is $9,345,200 ($133.93/sq ft), representing a 7.75% cap rate and a $724,253 NOI. Strong demographics (141,490 people within a 5-mile radius, average household income exceeding $80,000) further enhance the investment potential. Value-add potential includes raising below-market rents, developing an existing inline pad, and potentially creating a new outparcel. Built in 1990, the property is zoned C. This is a stabilized asset in a growing trade area with significant upside potential.

Highlights

  • Creekwood Village is a stabilized, 69,778 SF grocery-anchored retail center in Rex, GA (Atlanta MSA).
  • The center is 100% occupied with 15 tenants, anchored by Food Depot, a regional grocer with a long-term lease.
  • Value-add opportunities include developing an existing inline pad and a potential outparcel, and raising below-market rents.
  • Food Depot's lease extends to 2030 with two 5-year options; they occupy 66% of the center.
  • Other tenants include Metro PCS, Beauty Town, Le Spa Nails, Urban Pub & Grill, and AmeriBistro.
  • Strong demographics: 141,490 people within a 5-mile radius, with an average household income exceeding $80,000.

Property Details for 6459 Ga-42

Property type
Lifestyle centers, Power centers
Square Feet
69,778 SF
Class
B
Year Built
1990
Buildings
1
Stories
1
Lot Size (sq. ft)
400,752 SF
Units
15

Location Insight

City
Rex
County
Clayton
State
Georgia
Latitude
33.576040800354
Longitude
-84.280900422446
6459 Ga-42, Rex, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6459 Ga-42
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message