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68 Marietta PkwyMarietta, GA 30060

Thriving food hall, 100% leased, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents the chance to acquire Marietta Square Market, a vibrant 18,925 square foot food hall located at 68 North Marietta Pkwy NW, Marietta, GA 30060. Built in 1996 and extensively renovated in 2019, this multi-tenant property boasts 20 units totaling 12,540 net rentable square feet and currently enjoys 100% occupancy. The property benefits from a strong location just off the historic Marietta Square, a bustling live-work-play destination in Cobb County with an average household income exceeding $103,000 within a one-mile radius and over 73,000 vehicles passing daily. The property's success is evident in its impressive sales, nearing $12 million annually, translating to nearly $1,000 per square foot. This adaptive reuse project, winner of multiple marketing and branding awards, benefits from a strong online presence and enjoys exceptional synergy among its carefully curated tenants. The property operates under a NNN lease structure and sits on separately owned land with a long-term ground lease extending until 2093, including options. Further enhancing the property's value is the upcoming development of 122 multi-family units directly adjacent to the property. The current Net Operating Income (NOI) stands at $793,509. This is a rare opportunity to acquire a high-performing, award-winning food hall in a prime suburban Atlanta location.

Highlights

  • High-demand suburban food hall in Marietta Square, achieving sales comparable to Atlanta's top in-town locations.
  • Strong financial performance with nearly $12M in sales, translating to approximately $1,000 per square foot.
  • Fully leased with a diverse mix of high-performing tenants creating a vibrant atmosphere.
  • Historic building with a completely renovated interior, including new utilities and roof, offering the charm of in-town dining in a suburban setting.
  • Prime location in downtown Marietta's thriving live/work/play district, near Marietta Square, with high average household incomes ($103K+) and high traffic volume (73,000+ vehicles per day).
  • Long-term ground lease extending to 2093 with renewal options.

Property Details for 68 Marietta Pkwy

Property type
Lifestyle centers, Power centers
Square Feet
18,925 SF
Year Built/Renovated
1996/2019
Units
20

Location Insight

City
Marietta
County
Cobb
State
Georgia
Latitude
33.954190912639
Longitude
-84.551741815896
68 Marietta Pkwy, Marietta, Georgia

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68 Marietta Pkwy
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