Stratford at Lovejoy Village
Kroger Shadow Center | $2,040,000 | Jonesboro (Atlanta MSA), GA | Upside Potential
Marketing description
Stratford at Lovejoy Village is an 11,100-square-foot unanchored Kroger shadow retail center located along Tara Boulevard in Jonesboro, Georgia within the Atlanta MSA. The property features a diversified mix of service, restaurant, beauty, and entertainment tenants that generate consistent daily traffic and are largely resistant to e-commerce disruption. Positioned within the Kroger-anchored Lovejoy Village retail node, the center benefits from over 1.3 million annual visits and is surrounded by national retailers and neighborhood-serving businesses that drive steady consumer activity throughout the corridor.
The property is positioned along Tara Boulevard, a primary retail corridor with traffic counts exceeding 47,000 vehicles per day. Most in-place rents are below current market levels, offering investors the opportunity to capture rental upside over time. Additionally, all leases include contractual rent increases, providing built-in income growth for future ownership. Stratford at Lovejoy Village offers investors the opportunity to acquire a well-located neighborhood retail asset supported by strong surrounding demographics, with population projected to exceed 111,000 residents within a five-mile radius and average household income expected to surpass $101,000 within five years.
Investment highlights
- Unanchored Kroger shadow center totaling 11,100 SF along Tara Boulevard
- Most in-place rents are below-market, creating long-term upside potential
- Diversified tenant mix of service, restaurant, beauty, and entertainment uses that generate consistent daily traffic and are largely resistant to e-commerce disruption
- All leases include contractual rent increases, providing built-in income growth for future ownership
- Recent exterior improvements completed in 2025 including new fabric awnings and fresh building paint
- Located within the Kroger-anchored Lovejoy Village retail node with over 1.3M annual visits and surrounded by national retailers and neighborhood-serving businesses that drive consistent consumer traffic
- Positioned along Tara Boulevard with traffic counts exceeding 47,000+ vehicles per day, providing strong visibility and exposure
- Strong surrounding demographics with population projected to exceed 111,000 residents within a five-mile radius and average household income expected to exceed $101,000 within five years
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