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Attributes
Year Built | 2006 |
Building Area Net |
|
Asset Description
JLL is pleased to present a unique opportunity to acquire an irreplaceable retail center located directly adjacent to Lake Lanier. The shopping center is anchored by an investment grade tenant in Best Buy (Moody's: A3), and benefits from a secure and durable income stream.
Investment Highlights
- Anchored by an investment grade tenant in Best Buy (Moody's: A3), who reported strong Q1 2021 earnings and recently received a credit upgrade to A3 from Moody's
- Long term income security via a nationally recognized tenant mix with a weighted average tenure of over 12 years
- Significant leasing momentum with 88% of the income stream executing either a renewal or new lease since 2018
- Located directly adjacent to Lake Lanier, one of the top tourist attractions in Georgia with over 11 Million annual visitors
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