Creekwood Village Shopping Center
Atlanta MSA
Marketing description
Licensed Auctioneer of Record: Stephen Dawson GA AU004630.
For registration requirements and regulations, please review here or contact Alexsis Wolfson | 949-799-4658 | aaguirre@crexi.com.
Property tours are available by appointment only. Please contact the listing broker to schedule a tour.
Creekwood Village Shopping Center, (the “Property”), is a grocery-anchored retail neighborhood center totaling 69,778 SF conveniently located in Rex, GA, a part of the Atlanta MSA. The property is stabilized and offers the ability to add value by leasing the remaining vacant space, rolling the below market lease rates to market, developing additional square footage on the inline pad, and potentially creating a new outparcel on Macon Highway.
Creekwood Village is a single-story, necessity based, retail neighborhood center situated on 9.2 acres at the SE pin corner of Macon Hwy and Dale Rd (29,390 VPD) just off exit 2 along interstate Highway 675 (74,100 VPD). The center has three points of ingress/egress at a lighted intersection and is easily visible in all directions. The property is located just 16 miles Southeast of Atlanta’s CBD along I-675.
The property is anchored by Food Depot, a successful regional grocer operating 40 locations in Georgia and Alabama and 37 years of company operating history with 34 years tenure at this location. Food Depot’s current lease term extends to May 2030 with two remaining 5-year options.
Creekwood Village’s tenant mix includes a diverse variety of regional and local retailers, including e-commerce resistant tenants such as Food Depot, Metro PCS, Beauty Town and Urban Pub & Grill.
Area demographics are impressive with 143,179 people within a 5-mile radius and average household incomes over $85,000. The center is centrally located 16 miles Southeast of Downtown Atlanta.
Creekwood Village offers investors the opportunity to acquire a stabilized asset in a strong and growing trade area with the ability to add value and increase NOI.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
- Close of Escrow: July 8, 2025
6459 Highway 42, Rex, GA 30273
Investment highlights
Licensed Auctioneer of Record: Stephen Dawson GA AU004630.
Creekwood Village is a value-add, 69,778 SF grocery-anchored retail center located in Rex, GA, part of the Atlanta MSA
Creekwood Village is a necessity based neighborhood center. Currently leased to a total of 14 tenants, anchored by Food Depot, a strong regional grocer with 40 locations
The Center offers investors future upside through bringing rents to market, lease up of available vacancy, the development of an existing in-line building pad and potential creation and development of a new outparcel
Food Depot has a long term operating history with 34 years tenure at this location. Current lease term is through 2030 with two additional 5-year options remaining. Store sales are $388/PSF with a health ratio of 2.2%
Food Depot occupies 46,328 SF (66% of the center’s square footage). Other retailers include Metro PCS, Beauty Town, Le Spa Nails, Urban Pub and Grill, and AmeriBistro
Solid Demographics with 143,179 people and an average household income of $88,378 within a five-mile radius
Creekwood Village is situated at the interchange of Dale Road and Macon Highway, just off Interstate 675. With 29,390 VPD in front of the Center and over 74,100 VPD on I-675
Over 50% of overall in place income has corporate or multiple personal guarantees
Stable cash flow with strong historical leasing and tenants
Located in Clayton County, the 5th largest county in Georgia
Listing Contacts
Map
Broker Selected Comps View More Comps
Similar Properties
Is there information that looks off?
