Oakwood Station
Retail | 6.00% CAP | 27,018 SF
Marketing description
Oakwood Station is an excellent opportunity for an investor to acquire a fully leased shopping center with long term rent growth. The 27,038 square foot building is located at signalized intersection along Mundy Mill Road at the I-985 (Exit 16) interchange in Oakwood, Georgia. The center has 15 tenants and is anchored by Piedmont Urgent Care (new 10-year extension), and an established Dentist. The tenants mix is internet resistant with a great blend of uses from medical, restaurants, and service oriented tenants (nail, hair salon, dry cleaners). Oakwood Station is in the dominant retail corridor and benefits from being across the street from University of North Georgia- Gainesville Campus and next to Walmart Supercenter & Sam’s Club. Oakwood. sits along I-985, making it an easy commute the Atlanta metro. This suburb continues to attract people with quality of life where one can by a new home for an affordable price close to Lake Lanier, one of the largest recreational lake in the southeast.
Investment highlights
High end shopping center locate in an affluent growing suburb of Atlanta
100% Occupied next to a Walmart Supercenter & Sam’s Club, and across the street from University of North Georgia- Gainesville Campus
Rent growth through annual increases for 14 of 15 tenants
Anchored by Piedmont Urgent Care, which recently signed a 10-year extension with annual rent increases
Established internet resistant tenants
Constructed in 2008, with attractive architecture, building finishes, and ample parking
Situated at a signalized intersection on the main retail corridor of Mundy Mill Road with an impressive traffic count of over 35,000 VPD
Average household income of approximately $98K within 5 miles radius and expected to grow to over $125K in the next 5 years
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