Suburban Atlanta Publix-Anchored Retail Center for Sale

Thursday, August 9, 2018

Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is offering qualified investors the opportunity to acquire Shallowford Corners, a 112,427-square-foot, Publix-anchored neighborhood shopping center in Roswell, Georgia. The retail property for sale offers an investor a grocery-anchored property with an internet-proof tenant mix along with both dominant financial and excellent property fundamentals in an area with exceptional demographics.

Located at 4401 Shallowford Road, Shallowford Corners is in Roswell, a suburban community 20 miles from downtown Atlanta. The retail property for sale is 99 percent leased and, in addition to Publix, is home to a variety of national and local tenants, including Chicago’s Restaurant, Moe’s Southwest Grill, Eggs Up Grill, East Cobb Dental, Great Clips, Workout Anytime, Keegan’s Irish Pub, Banfield Pet Hospital, Aegis Therapies, Whiskey Creek, Edward Jones, Chase Bank and more.

Shallowford Corners Retail Investment Highlights

  • Publix-Anchored Retail Center:  Publix is the Southeast’s most sought-after grocery anchor and is one of the highest-volume supermarket chains in the country with more than 190,000 employees and revenues exceeding $34 billion in 2017. Publix at Shallowford Corners has operated at the property for more than 15 years and has a long-term track record of strong sales performances, including above average sales in 2017. The store is committed to its Shallowford Corners location, having completed a multi-million-dollar renovation in 2016 with plans to conduct further renovations and remodeling in the next three years.
  • Highly-Sought-After East Cobb Submarket Location:  Shallowford Corners is strategically located in one of Atlanta’s strongest submarkets supported by phenomenal demographics. The trade area has excellent density with a population of 64,500 and 172,439 within a three-mile and five-mile radius of the property. Population density, topography and high construction costs limits competition from potential new developments. Additionally, Cobb County is consistently ranked as one of the top public school districts in the Atlanta MSA.
  • Surrounding Affluence and Concentrated Wealth:  The retail property for sale is surrounded by highly concentrated pockets of wealth and is strategically positioned for long-term value appreciation. The area boasts an affluent population, with the average household income within a three-mile radius of $165,746, which is 80 percent higher than the Atlanta MSA average, and within a three-mile radius, 66 percent of the population has obtained a bachelor’s degree or higher. The buying power within a five-mile radius of the property exceeds $9.65 billion, making it one of the Southeast’s wealthiest submarkets.
  • Dynamic and Internet-Proof Merchandising Mix:  Shallowford Corners incorporates all of the elements of modern retailing concepts. Its sophisticated tenant mix attracts shoppers from the surrounding neighborhoods and creates a "sense of place," which is critical in today's retail environment and cannot be replicated by the internet. The majority of revenues (34 percent) at the retail center for sale are from grocery and necessity tenants, with 24 percent from service-oriented tenants and another 24 percent from restaurants, with medical and health tenants totaling 18 percent of center revenue.
  • Dominant Financial Fundamentals:  The center is home to top local retailers that are well-known and supported by the community. Tenants have excellent operating history, with average tenure exceeding 11.5 years and with 85 percent of the leased GLA renewing at least once. Additionally, national and regional tenant line up comprises 82 percent of the property leased GLA.

The call for offers date is August 14, 2018. For more information on Shallowford Corners or other available retail properties in Georgia, please contact Jim Hamilton in HFF’s Atlanta office. Click here for our real estate investment sales search page.

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