SPALDING VILLAGE

1424 N Express Way, Griffin, GA 30223
MARKET TO ESTABLISH

Year Built
1990/R2014/2024
Occupancy
96.4%
Leasable Area
222,107 SF
NOI
$1,691,289
Property Type
Shopping Centers

INVESTMENT HIGHLIGHTS

  • National anchors – Hobby Lobby, Ross Dress For Less, Goodwill, Bargain Hunt and Ollie’s Bargain Outlet – comprise over 73% of the Total GLA – With a solid 85.3% overall national tenant roster
  • Located on the south side of the Atlanta, GA MSA The Capital of the Southeast, which is home to a multifaceted, thriving economy, emerging East Coast technology hub, and center for higher education
  • Strategic location within the Griffin retail market along highly-trafficked (US-19/US-41/ GA-3) – And immediately adjacent to the University of Georgia’s 133-acre Griffin Campus
  • Part of the retail center of gravity for the city of Griffin and surrounding communities, with a Walmart Supercenter (shadow anchor) situated directly across the street – Ranked #21 of 155 in GA (top 87%) for foot traffic and #906 of 3,896 (top 76%) in the U.S.
  • Extensive Recent Capital Improvements Limits Buyer Exposure – Including a new roof installed over Hobby Lobby in early 2024 and parking area sealcoat and stripe in April of 2024
  • Solid, recent leasing momentum in 2023 and 2024 off of which an incoming Buyer can continue to build – Including Miracle Ear and Grinville Dental Clinic on a 10-yr lease
  • Synergistic mix of low-cost providers – Like Hobby Lobby, Ollie’s, Ross, Bargain Hunt, Goodwill and more makes the Property a one-stop shopping destination for value-minded consumers
  • Anticipated pricing guidance equates to a highly attractive price per square foot opportunity – Well below current replacement cost

Broker of Record

  • Bill Pedersen
  • License No. 80041 (GA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203