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Kroger Anchored Center | Atlanta, GA MSA | 101k SF 4550 Jonesboro Road, Union City, Georgia, 30291

 
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Verified : 1/27/2016 Sold

Kroger Anchored Center | Atlanta, GA MSA | 101k SF 4550 Jonesboro Road, Union City, Georgia, 30291

Undisclosed   / ForSale

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Property Highlights

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Sale Price:
Undisclosed
Price/SF:
Unlisted
CAP Rate (%):
Unlisted
NOI:
Unlisted
Net Lease:
Unlisted
Gross Leasable Area (SF):
Unlisted
Total Lot Size (SF):
540,580
Occupancy (%):
Unlisted
Population Range:
Unlisted
Household Income:
Unlisted
Traffic Counts:
Unlisted
County:
Unlisted
Zoning:
Unlisted
Market:
Unlisted
Submarket:
Unlisted
Lot:
Unlisted
Block:
Unlisted
Bldg. Size:
101,174
Net Rental Area:
Unlisted
Number Of Floors:
Unlisted
Number Of Units:
Unlisted
Year Of Build:
1981
Year Of Renovation:
Unlisted
Vacant SF:
Unlisted
Price/SF:
Unlisted
Parcel Number:
Unlisted
Tenancy Type:
Unlisted
Construction Status:
Unlisted
Construction Type:
Unlisted
Sprinkler:
Unlisted
Owner Occupied:
Unlisted
Parking Ratio:
Unlisted
Parking Cost:
Unlisted
Mass Transit:
Unlisted
CAM:
Unlisted
Utilities:
Unlisted
Price Per Acre:
Unlisted
Divisible:
Unlisted
Divisible Min:
Unlisted
Divisible Max:
Unlisted
Property Taxes:
Unlisted

Property Description

SRS Real Estate Partners, as exclusive broker, is pleased to offer Shannon Crossing - a 101,174 +/- square foot neighborhood center, grocery-anchored by Kroger and located in Union City, GA, within the heart of the Atlanta, GA MSA. Main and Main Intersection Shannon Crossing has an extremely advantageous location at the signalized intersection of Shannon Way and Jonesboro Rd (GA Hwy-138), which is the most heavily-trafficked, best-located intersection in the sub-market – and the first one immediately off of Interstate 85. Jonesboro Rd is a four-lane highway which runs east and west, connecting Jonesboro with Interstate 85 as well as downtown Fairburn and Union City. With over 28,400 VPD travelling in front of the Property and 133,000 VPD commuting along I-85, Shannon Crossing truly serves as a ‘gateway shopping destination’ for traffic entering the Jonesboro Rd retail corridor. Lack of Competition Shannon Crossing benefits from being the only true grocery-anchored center within a 3+ mile radius, competing only with the Walmart Supercenter located further west on Jonesboro Rd. The Property’s retailers are therefore able to serve a vast market, capturing consumers from west and east of I-85 along Highway 138/Jonesboro Rd as well as south on I-85 - an area underserved by quality grocers. Fuel Center Component Kroger’s Fuel Center component adds another layer to the asset’s consumer draw and also shows a strong commitment by Kroger to Shannon Crossing. National Outparcel Draw In addition to a Chevron fuel station and Kroger Fuel Center, which are not a part, Shannon Crossing does include an outparcel building which is home to Advance Auto Parts, T-Mobile and Papa John’s. These three outparcel buildings serve as significant additional consumer draws for the Property at all times of day. Community Shopping Nexus Shannon Crossing is positioned at a crossroads for the market which allows it to serve as a community shopping nexus for the area. The Property’s location in the middle of the sub-market at an extremely busy intersection adjacent to and with visibility from I-85, avails it to not only neighborhood consumers from parts of Union City, Fairburn and Riverdale, but also daily commuters. A large population of pilots and airline staff reside south of Shannon Crossing in Peachtree City and commute past the Property along I-85 daily in getting to and from the airport.

Location Description

Union City/South Fulton County at a Glance As the state of Georgia continues to grow and prosper in the area of economic development, the metro Atlanta area, including south Fulton County, has become a leader in attracting new industry worldwide. Corporations continue to look to Fulton County to locate and re-locate their headquarters, distribution facilities and offices. Corporate Culture: Fulton County is home to the headquarters for some noteworthy companies- The Coca-Cola Company, Cox Enterprises, Delta Airlines, Earthlink, Equifax, The Home Depot, Georgia Pacific, Porsche Cars North America, Intercontinental Hotel Group, SunTrust Banks, UPS, Chick-Fil-A and more are all headquartered within Fulton County. Major New Development Union Station Business Center:The former Union Station Mall, located directly across the street from Shannon Crossing, is currently being redeveloped by Rooker into a 1 million SF ($26 million) distribution and warehouse facility as well as a 350,000 SF film and TV studio campus. It is set to deliver Q1 of 2016.