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2720 E PONCE DE LEON AVE Decatur GA 30030

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Details
Property Type Retail
Sub Type Grocery Store, QSR/Fast Food (+1)
Building SqFt 65,785
Year Built 2021
Lease Type ******
Days on Market ******
Latitude 33.7775
Longitude -84.2786

Property History

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Property Type
Property Type
Retail
Property Subtype
Grocery Store, QSR/Fast Food, Shopping Center
Marketing Description

Sam’s Crossings Village is a 65,785-square-foot retail center anchored by a new Publix (53,785 sq. ft.) grocery store. Well-positioned in affluent Decatur, the center is located on East Ponce de Leon Avenue at North Arcadia Avenue, giving access to a previously underserved submarket currently exhibiting explosive multi-family residential growth. Sam’s Crossing Village is 98% leased to a diversified mix of service-oriented shop tenants which include national names such as Papa John’s, Jersey Mike’s, Planet Smoothie and DECA Dental. Everything is brand new construction, and all tenants have full remaining lease term and annual rent increases.

Investment Highlights

Diversified Mix of National Tenants
Subject property is home to a mix of internet-resistant, national names including Publix, Papa John’s, Jersey Mike’s, Planet Smoothie and DECA Dental.

High-volume, dominant new Publix
The property features a brand new Publix (53,785 SF) grocery store at a busy infill location. Initial sales are extremely good.

Decatur features affluent and growing demographics
More than 109,000 people live within a 3-mile radius, with average household incomes exceeding $110,000. Population is expected to increase more than 5% over next 5 years.

Minimum tenant rollover
All shop tenants committed for five or 10 years.

Built-in customer base
Just steps away is Notion, a 300-unit, brand new luxury apartment community by Toll Brothers.

Residential Growth
New, multifamily apartment construction in Decatur has delivered 4,000 residential
rental units which are in close proximity to Publix. An additional 2,000 units are in the development pipeline.

Strong immediate shop leasing activity
Demonstrates high demand, which bodes well for rent growth and maintaining high
occupancy levels.

Easy accessibility on busy thoroughfare
The center features three points of ingress/egress, and more than 13,600 cars travel daily through the intersection of East Ponce de Leon and North Arcadia Avenues.

Atlanta advantage
With a driving distance of less than 30 minutes from Hartsfield-Jackson International Airport, the close proximity to Atlanta is favorable for easy visiting and touring of the asset. Georgia is named the #1 state for business (Site Selection Magazine).

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
JM
Joseph Montgomery
•••.•••.5514
•••.••••••mery@••••••••.com
Brokerage logo
Listing removed on
 BY:
SI
Scott Israel PRO
•••.•••.2418
•••••.••rael@••••••••.com
Brokerage logo

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