CASH FLOW INVESTMENT: 100% Occupied Strip Center in Premier Atlanta Suburb of John’s Creek with opportunity to optimize cash flow as tenants renew leases. Current Ownership Efforts to Fill Vacancies and Raise Rents has Resulted in Increase of CashFlow to Almost Half a Million by 2028.
RENTS SIGNIFICANTLY BELOW MARKET: With an Average Rent at the Center of $17.80/SF and Market Rent in the Area Ranging From $20-25/SF, There is Significant Upside for a New Owner to Raise Rents and Convert Leases to Triple Net (NNN).
TENANT COMMITMENT TO SITE: Majority of the tenants have been there for over 10 Years with some over 30.
AFFLUENT NEIGHBORHOOD: Johns Creek is One of the Wealthiest Markets in Atlanta. Within a 1 mile radius of the property, the Median Household Income is $168,815; the Median Home Value is $609,242 and the Median Net Worth is $1,039,564.
STRONG DEMOGRAPHICS: Population Growth Within a 3-Mile Radius of the Property Was 13.5% From 2010-2021 With a Projected Increase of4.9% By 2026, Showing the Strength of This Growing Market.
HIGH TRAFFIC VOLUME: The Property sits along the Highly Trafficked Medlock Bridge Road that sees 44,700 VPD.
PRIMARY RETAIL CORRIDOR: The Property is Conveniently Located near one of the Strongest Retail Corridors in this Market, with Notable Tenants such as: Target, Home Depot, Publix, Whole Foods, Hobby Lobby, CVS Pharmacy and More. Along with the new JOHNS CREEK TOWN CENTER.
Property Overview
Medlock Village Shopping Center is 100% leased site offering appreciable cash flow and value-add opportunity with below market rents in place for the current tenants. There is strong population growth in the affluent neighborhood of John's Creek, where the average household income is over $160,000. The property is strategically positioned along Medlock Bridge Road ensuring high visibility, as this corridor sees over 44,000 VPD. The center boasts ample parking for maximum convenience allowing for a superb retail experience in a highly desirable location. The parking lot was recently repaved and restriped. This site offers substantial upside potential for investors looking to maximize cash flow.
Location Overview
Situated at 10360 Medlock Bridge Rd in Duluth, GA, Medlock Village Shopping Center enjoys a prime location within an expanding, bustling and thriving community. The surrounding area is known for its affluent demographics with a mix of residential, commercial, and entertainment establishments. Its strategic positioning on a major road and commercial corridor ensures high visibility and easy accessibility.
