- 4-tenant, 100% occupied pad featuring Dollar Tree, Glam Nail Salon, WHealthly, and Kale Me Crazy
- All tenants executed 10-year leases with scheduled rental increases and options to extend
- All tenants reimburse their pro rata share of taxes, insurance, and common area expenses, limiting expense leakage for a new investor
Investment Offering
Newnan, GA - Summerlin Corners
1757 Newnan Crossing Blvd | Newnan, GA 30265
$5,499,000
Price6.25%
Cap Rate$343,704
NOI2022
Year Built100%
Occupancy16,000
± SF Offering GLA2.45
± AC Land AreaDescription
Location
- Strategically positioned at the signalized, hard corner intersection of Newnan Crossing Boulevard and Lower Fayetteville Road
- The asset is an outparcel to a Kroger-anchored shopping center that features national/credit retailers such as Starbucks, McDonald’s, Wells Fargo, and more
- According to Placer.io, this Kroger location is ranked in the top 14%of all Krogers in GA with 1.3M+ visits last year
- Kroger recently invested in a full interior renovation, demonstrating their long-term commitment to the site and performance
- Located off Interstate 85 (62,300 VPD), providing access for traveling customers
- The brand-new state-of-the-art property is complete
- The site promotes excellent visibility and access, providing ease and convenience for customers
- Nearly 72,000 residents and 32,000 employees support the trade area
- Affluent $106,312 average household income within 1 mile radius
- Newnan’s population is growing a rate of 2.14% annually, and its population has increased 6.71% since the most recent census