Atlanta, GA (April 5, 2023) – SRS Real Estate Partners’ National Net Lease Group (NNLG) announced today it has completed the $4.275 million sale of Shops at Medlock Corners, a 6,200-square-foot (sf) new construction multi-tenant retail center located at 5855 State Bridge Road in Johns Creek, GA.
SRS First Vice Presidents Michael Berk, Sheree Strome and Scott Campbell represented the seller, Atlanta-based Willow Capital Partners. The buyer was a private investor from Atlanta.
Situated on .75 acres, the property was completed in March 2023 and is fully occupied by Jersey Mike’s, Ideal Dental and ATI Physical Therapy. Each tenant has a new 10-year lease in place.
“This center is e-commerce proof with a line-up consisting of restaurant and medical tenants, with corporate-backed leases,” said Berk. “The high quality, new construction asset will provide the new owners with a cash-flowing property at an infill location in the heart of a desirable Atlanta suburb. Good real estate fundamentals are key to buyers in this market, and we were able to convey the tangible assets that Shops at Medlock Corners provided during our marketing process.”
Shops at Medlock Corners is 26 miles northeast of downtown Atlanta. It fronts State Bridge Road, a primary retail and commuter corridor and is surrounded by dozens of retailers including Home Depot, Target, Publix, Hobby Lobby and Whole Foods Market.
In 2022, SRS’ Investment Properties Group (IPG) and National Net Lease Group (NNLG) completed more than $2.9 billion in deal volume comprised of 760 transactions in 48 states. SRS currently has in excess of 445 properties actively on the market with a market value surpassing $2.2 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with more than 25 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.
SRS’ Investment Properties Group (IPG) & National Net Lease Group (NNLG) is a unified platform of seasoned net lease professionals located and transacting nationally with all underwriting and marketing efforts strategically located in Southern California. In 2022, the group completed more than 760 sales across 48 states and has over 160 brokerage professionals nationally. From proactive sales to targeted acquisitions and tailored debt and equity solutions, SRS’ National Net Lease Group offers comprehensive services to net lease owners and investors. Superior speed-to-market, world-class marketing materials, a deep investor database and unparalleled retail submarket intelligence from the entire SRS platform allow SRS’ National Net Lease Group to deliver the best possible returns. For more information, please visit srsre.com/national-net-lease-group.