ROCKBRIDGE - LoopNet

ROCKBRIDGEPLACE

ATLANTA (STONE MOUNTAIN), GA

O F F E R I N G S U M M A R Y

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Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to exclusively present Rockbridge Place Shopping Center, a 74,268 SF discount grocery-anchored community center located in the Atlanta MSA. The Property is anchored by Food Depot & CVS and offers Investors the unique opportunity to acquire an established Atlanta retail center well below replacement cost with significant upside potential through the lease-up of a vacant out-parcel. Property SummaryProperty: Rockbridge Place Shopping Center

5719-5723 Rockbridge RoadStone Mountain, GA 30087

Size: 74,768 SFOccupancy: 91%Anchors: Food Depot, CVSYear Built: 1984Pricing: Property is being offered with no Asking

PriceAs-Is NOI: $569,000

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ATLANTA MSA - RETAIL CAPITAL OF THE SOUTHEASTRockbridge Place Shopping Center is located in the Atlanta MSA, which is one of the fastest growing MSA’s in the United States. The current population is estimated at 5.8 million residents, an increase of over 82% since 1990. By 2030, the Atlanta MSA is projected to grow by 2.5 million residents, more than any other city in the United States. The population growth is fueled by Atlanta’s diverse employment base, which is home to 18 Fortune 500 companies.

STRONG GROCERY ANCHOR

• BRAND RECOGNITION: Food Depot is a dominant regional discount grocer with close to 40 locations in Georgia.

• LOW OCCUPANCY COST: Food Depot operates at an extremely healthy occupancy cost of less than 2.5%.

• ABOVE AVERAGE SALES: Food Depot has demonstrated excellent performance at the Property and their 2016 sales were well above the chain average.

• NECESSITY RETAIL ANCHOR: Food Depot provides consistent traffic to the Property and serves as an excellent Anchor Tenant for shop tenants who require maximum exposure.

VALUE-ADD OPPORTUNITY

• SIGNIFICANT UPSIDE: Immediate value creation opportunity through the lease up of approximately 6,500 SF of vacant space, that includes a vacant out-parcel at the front of the Property.

• DISCOUNT TO REPLACEMENT COST: The Property will trade at a significant discount to replacement cost providing an attractive basis for the future owner.

• NOI GROWTH: Ability to increase the in-place NOI by over $100,000.

Demographics

1 Mile 3 Mile 5 MilePopulation2017 Estimate 7,819 70,398 202,4632022 Estimate 8,288 73,441 212,411Average Household Income2017 Estimate $64,396 $59,757 $63,620

ROCKBRIDGEPLACE

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I N V E S T M E N T H I G H L I G H T S

MULTIPLE ANCHOR DRAWING POWER

Food Depot and CVS have significant drawing power that attract a broad range of consumers, benefiting shop tenants and ownership alike.

STRONG PROPERTY FUNDAMENTALS

• MAIN & MAIN INTERSECTION: Daily average traffic counts on Rockbridge Road and S. Stone Mountain Lithonia Road exceed 34,000 VPD.

• DEAL ORIENTATION: Both the Anchors and shop tenants are oriented towards Rockbridge Road.

• SUPERIOR ACCESS: The Property benefits from 5 points of ingress and egress along Rockbridge Road and S. Stone Mountain Lithonia Road.

• PROMINENT PYLON SIGNS: 2 large pylon signs provide excellent visibility for all ingress / egress points.

• IDEAL SHOP SPACE RATIO: Anchor to shop space ratio of approximately 72% / 28% helping to blend income security and income growth.

• OUT-PARCEL DRAW: McDonald’s is directly adjacent to the Property and will help draw additional traffic in and around the center.

StoneMountain

Clarkston

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85

85

75

75

985

285

575

675

285

120

402

403

413

402

403

124

365

402

12

401

401

5

78

278

400

20

2020

HollySprings

Woodstock

Acworth

Kennesaw

Fair Oaks

Dunwoody Norcross

Lilburn

Scottdale

BelvedereParkDecatur

NorthDruid Hills

NorthAtlanta

Doraville

Chamblee

Candler-McAfee

Panthersville

Redan

Lithonia

Conyers

Porterdale

Stockbridge

Riverdale Morrow

Jonesboro

Irondale

BonanzaFayetteville

Palmetto

Forest Park

Tyrone

Union City

CollegePark

Fairburn

East Point

Douglasville

LithiaSprings

Austell

Mableton

PowderSprings

HiramSnellville

Loganville

GraysonSmyrna

Vinings

Emerson

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Milton

Alpharetta

RoswellJohns Creek

Duluth

Lawrenceville

Dacula

Suwanee

Sugar Hill

Buford

Cumming

Flowery Branch

Oakwood

SandySprings

Atlanta

Marietta

Hartsfield - JacksonAtlanta International Airport

Dekalb-PeachtreeAirport

Rockbridge Place

EXCELLENT MERCHANDISING MIXThe Property boasts a dominant tenant line-up that ideally caters to the surrounding demographics with the following uses: grocer, pharmacy, beauty supplies, restaurants, insurance company, nail salon, barber shop, and liquor store.

10 4060 70 80 90 110

120 130

140

150

160

5020-30

SUITE TENANT SF10 Royal Cleaners 1,200

20-30 Mountain Package 3,00040 To Be Leased 90050 Main Moon Chinese 90060 To Be Leased 71270 Dominos 1,50080 CVS 8,95490 Beauty Town 2,400

100 Food Depot 44,672110 Velox Insurance 1,200120 Stacey Communications 1,000130 American Deli 1,250140 Nail Infinity 1,020150 Cruz Cuts 1,100160 To Be Leased 1,460OP To Be Leased 3,500Total 74,768

TENANT ROSTER

Available Not IncludedCurrent TenantROCKBRIDGE ROAD 15,110 VPD

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Holliday Fenoglio Fowler, L.P. (“HFF”) a Georgia licensed real estate broker.

Copyright 2017 HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff.

JIM R. HAMILTONSr. Managing Director [email protected]

MIKE [email protected]

SHEA PETRICKAnalyst [email protected]

RICHARD M. REIDSr. Managing Director [email protected]

hfflp.com

BRAD [email protected]

RYAN STOFFERAnalyst [email protected]

ROCKBRIDGE - LoopNet

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