Sprouts-Anchored Retail Center for Sale in Suburban Atlanta

Monday, September 24, 2018

Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale Roswell Market Place, a 95,522-square-foot shopping center anchored by a Sprouts Farmers Market in Roswell, Georgia. The retail center for sale offers a new investor the opportunity to acquire a value-add retail property with a diversified tenant mix and income stream in an area with exceptional demographics.

Roswell Market Place is located at 10800 Alpharetta Highway in Roswell, a suburban community approximately 20 miles from downtown Atlanta. Completed in 1986 and most recently renovated in 2015 and 2016, the retail property for sale is 88 percent leased and, in addition to the grocery anchor, is home to Starbucks, 13 Hub Lane, Another Broken Egg Cafe, Subway, Bad Daddy’s Burger Bar, Chipotle, The UPS Store and more.

Roswell Market Place Retail Investment Highlights

  • Sprouts Farmers Market-Anchored Retail Center:  Sprouts Farmers Market is a highly sought-after grocery store with strong sales and is ranked as one of the fastest-growing retailers in the country. The core grocery offering has a long-term lease with rent bumps totaling a 20 percent increase during its initial term. Additionally, there is limited specialty grocer competition in the trade area.
  • Significant Value-Add Opportunity:  Twelve percent of Roswell Market Place’s GLA is currently vacant, giving new ownership immediate executable value creation and a potential revenue increase of more than $300,000. Additionally, a development parcel opportunity gives new ownership the ability to increase GLA by 6,000 square feet.
  • Explosive Demographic Growth and Surrounding Affluence:   The average household income levels within a five-mile radius of the retail property for sale is more than $134,000, which is 57 percent higher than the Atlanta average of $85,630. Additionally, 57 percent of the population is highly educated, having earned a bachelor’s degree or higher, compared to the national average of 27 percent. The high education level ensures greater affluence and stability in the trade area. Buying power within a five-mile radius of Roswell Market Place is more than $9.6 billion, comparing favorable with some of the Southeast’s wealthiest submarkets, and Roswell Market Place is surrounded by highly concentrated pockets of wealth. The tenancy at the retail center has been leased to reflect the shopping tendencies of the affluent customer base.
  • Diversified and Internet-Proof Tenancy:  Roswell Market Place is occupied by a diverse, internet-proof tenant line up with sustained, in-person visits from the committed customer base. No tenant outside of Sprouts makes up more than eight percent of the income steam.

For more information on Roswell Market Place 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 to view a listing of current commercial properties for sale.

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