VENTURE POINTE
Retail Investment Offering
EXCLUSIVELY PRESENTED BY
VENTURE POINTE Duluth, GA
SRS Real Estate Partners and Lincoln Property Co., as exclusive brokers, are pleased to offer Venture Pointe- a 335,151 +/- square foot regional power center, anchored by Kohl's, Big Lots and Golfsmith and located in Duluth, GA.
Investment Offering
Sales Price
Regional Power Center
Auction To Establish
Offering GLA
Occupancy
335,151 +/- SF
75.44%
Land
Year Built
33.85 +/- AC
1995-2001
Anchors Tenants • Kohl’s • Big Lots • Golfsmith
National/Regional Tenants • Lumber Liquidators • The School Box • Ben’s Brands For Less
Pro Forma As-Is Aug 2015 NOI Debt $1,134,264.00
Offered Free and Clear
CONTACT Tony A. Bartlett
Kyle Stonis, CCIM
Lincoln Property Company SRS Real Estate Partners Senior Vice President Senior Vice President 404.266.7612 | [email protected] 678.420.1393 | [email protected] GALic.# - 265771
Chip Sipple
Pierce Mayson
Lincoln Property Company SRS Real Estate Partners Senior Analyst, Transactions Vice President 404.266.7617 | [email protected] 404.231.4696 | [email protected] Lincoln Property Company
3405 Piedmont Road NE, Suite 450 Atlanta, GA 30305
SRS Real Estate Partners
3400 Peachtree Road NE, Suite 1100 Atlanta, GA 30326
Investment Highlights • Solid national anchor base: Kohl’s, Big Lots & Golfsmith • 79% of the current tenant roster is comprised of national and regional retailers
• Strategically situated within the Atlanta, GA MSA • Shadow-anchored by Costco and located adjacent to Dave & Buster’s and PGA Superstore
• Positioned at the Steve Reynolds Blvd exit on Interstate 85 with
• • • • •
combined traffic counts of 327,094 VPD, including 29,240 along Steve Reynolds Blvd, 19,170 along Satellite Blvd and 278,684 VPD along I-85 Superb and rare opportunity to add significant value to a regional power center through the lease-up of 82,305+/- SF Located in Gwinnett County – one of the nation’s fastest-growing counties over the last 30 years and the second-most populous county in GA Excellent population density of 226,000+ in a 5-mile radius and over 810,000 in a 10-mile radius with average household incomes of $90,682 Recent leasing momentum includes a 10-year lease with Lumber Liquidators for 8,000 SF Anticipated trade below replacement cost
• Potential upside for incoming Buyer in selling off individual buildings/parcels depending upon investment strategy For additional information, please visit SRSRE.com /VenturePointeAuction
The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. Published: 06.10.2015
Retail Investment Offering
VENTURE POINTE
3960 Venture Boulevard | Duluth, GA 30096
National Anchor Base with Term The Property is anchored by a solid base of national retailers including Kohl’s and Big Lots with roughly seven years of aggregate remaining lease term.
Advantageous Location: Steve Reynolds Blvd & Interstate 85
and Dave & Buster’s, Venture Pointe’s retailers benefit from the added regional consumer draw. Sam’s Club, located just north of the Property along with The Sports Authority, PetSmart, and Dollar Tree, provide additional retail traffic to the immediate area. Other local tenants include Studio Movie Grill, American Signature Furniture and more.
Venture Pointe benefits from its strategic location at the Steve Reynolds Blvd exit for I-85 – a significant commuter corridor with combined traffic counts of 327,094 VPD. I-85 runs north and south between a plethora of Atlanta suburbs and bedroom communities, accommodating commuters which travel to and from the city each day. In addition to daily traffic, demographics for the Property’s neighborhood consumers reflect 226,000+ people in a 5-mile radius with average household incomes of nearly $68,000.
Opportunity to Add Value The Property presents an excellent opportunity for investors to add value through the lease up of 82,305+/- SF of space. The available spaces include an anchor box and four junior anchor spaces.
Shadow-Anchor Position in a Major Retail Corridor Venture Pointe is strategically positioned within a significant retail corridor with nearby tenants which draw consumers from a wide radius. Shadow-anchored by Costco and adjacent to PGA Superstore Lincoln Property Company
3405 Piedmont Road NE, Suite 450 Atlanta, GA 30305
SRS Real Estate Partners
3400 Peachtree Road NE, Suite 1100 Atlanta, GA 30326
The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy therof. Published: 06.10.2015
EXCLUSIVELY PRESENTED BY
VENTURE POINTE Duluth, GA
SRS Real Estate Partners and Lincoln Property Co., as exclusive brokers, are pleased to offer Venture Pointe- a 335,151 +/- square foot regional power center, anchored by Kohl's, Big Lots and Golfsmith and located in Duluth, GA.
Investment Offering
Sales Price
Regional Power Center
Auction To Establish
Offering GLA
Occupancy
335,151 +/- SF
75.44%
Land
Year Built
33.85 +/- AC
1995-2001
Anchors Tenants • Kohl’s • Big Lots • Golfsmith
National/Regional Tenants • Lumber Liquidators • The School Box • Ben’s Brands For Less
Pro Forma As-Is Aug 2015 NOI Debt $1,134,264.00
Offered Free and Clear
CONTACT Tony A. Bartlett
Kyle Stonis, CCIM
Lincoln Property Company SRS Real Estate Partners Senior Vice President Senior Vice President 404.266.7612 | [email protected] 678.420.1393 | [email protected] GALic.# - 265771
Chip Sipple
Pierce Mayson
Lincoln Property Company SRS Real Estate Partners Senior Analyst, Transactions Vice President 404.266.7617 | [email protected] 404.231.4696 | [email protected] Lincoln Property Company
3405 Piedmont Road NE, Suite 450 Atlanta, GA 30305
SRS Real Estate Partners
3400 Peachtree Road NE, Suite 1100 Atlanta, GA 30326
Investment Highlights • Solid national anchor base: Kohl’s, Big Lots & Golfsmith • 79% of the current tenant roster is comprised of national and regional retailers
• Strategically situated within the Atlanta, GA MSA • Shadow-anchored by Costco and located adjacent to Dave & Buster’s and PGA Superstore
• Positioned at the Steve Reynolds Blvd exit on Interstate 85 with
• • • • •
combined traffic counts of 327,094 VPD, including 29,240 along Steve Reynolds Blvd, 19,170 along Satellite Blvd and 278,684 VPD along I-85 Superb and rare opportunity to add significant value to a regional power center through the lease-up of 82,305+/- SF Located in Gwinnett County – one of the nation’s fastest-growing counties over the last 30 years and the second-most populous county in GA Excellent population density of 226,000+ in a 5-mile radius and over 810,000 in a 10-mile radius with average household incomes of $90,682 Recent leasing momentum includes a 10-year lease with Lumber Liquidators for 8,000 SF Anticipated trade below replacement cost
• Potential upside for incoming Buyer in selling off individual buildings/parcels depending upon investment strategy For additional information, please visit SRSRE.com /VenturePointeAuction
The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. Published: 06.10.2015
Retail Investment Offering
VENTURE POINTE
3960 Venture Boulevard | Duluth, GA 30096
National Anchor Base with Term The Property is anchored by a solid base of national retailers including Kohl’s and Big Lots with roughly seven years of aggregate remaining lease term.
Advantageous Location: Steve Reynolds Blvd & Interstate 85
and Dave & Buster’s, Venture Pointe’s retailers benefit from the added regional consumer draw. Sam’s Club, located just north of the Property along with The Sports Authority, PetSmart, and Dollar Tree, provide additional retail traffic to the immediate area. Other local tenants include Studio Movie Grill, American Signature Furniture and more.
Venture Pointe benefits from its strategic location at the Steve Reynolds Blvd exit for I-85 – a significant commuter corridor with combined traffic counts of 327,094 VPD. I-85 runs north and south between a plethora of Atlanta suburbs and bedroom communities, accommodating commuters which travel to and from the city each day. In addition to daily traffic, demographics for the Property’s neighborhood consumers reflect 226,000+ people in a 5-mile radius with average household incomes of nearly $68,000.
Opportunity to Add Value The Property presents an excellent opportunity for investors to add value through the lease up of 82,305+/- SF of space. The available spaces include an anchor box and four junior anchor spaces.
Shadow-Anchor Position in a Major Retail Corridor Venture Pointe is strategically positioned within a significant retail corridor with nearby tenants which draw consumers from a wide radius. Shadow-anchored by Costco and adjacent to PGA Superstore Lincoln Property Company
3405 Piedmont Road NE, Suite 450 Atlanta, GA 30305
SRS Real Estate Partners
3400 Peachtree Road NE, Suite 1100 Atlanta, GA 30326
The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy therof. Published: 06.10.2015
