Atlanta, Georgia – The NNN Commercial Real Estate news for the afternoon is on a fantastic Retail District which recently sold. When you have anchors such as Target, Lowe’s, Best Buy, Bed Bath & Beyond, Barnes & Noble, Kroger, Ross Dress for Less, and Office Depot, well let us say that is a major Net Lease Property development. This was a transaction which will certainly strengthen the Atlanta retail net lease properties market.
The NNN Commercial Real Estate team discovered that an cooperate cousin of North American Development Group bought the Atlanta net lease properties site. This Net Lease Property Investment group disbursed $81.7 million for this net lease property development known as the Edgewood Retail District. This is a well constructed anchored center with net lease properties able to grow with tenant expansion.
This premier retail shopping center is positioned at the intersection of Moreland Avenue and Caroline Street. This location is centered in Atlanta’s Edgewood neighborhood which is about two miles east of busy downtown Atlanta. This location was a prime property that the Cheap Car Insurance Quotes group looked at to grow their business.
This area of Atlanta as well as the Buckhead area and Sandy Springs have seen some significant NNN commercial real estate development even in this economic downturn. The NNN Commercial Property development was planned and developed by one of the best, the Sembler Company. The Sembler Company has developed some of the most impressive Net Lease Properties in Florida and Georgia. This Atlanta NNN Commercial Property had finishing touches the multi-anchored retail shopping center and the Property has been a favorite of the City ever since.
The NNN Commercial property cutting edge shopping center sits in the East Atlanta – Edgewood submarket of Atlanta. This exciting “in-town” site has an easy access to the highly traveled Interstate 20, Freedom Parkway and also DeKalb Avenue. This NNN Commercial Property development is stationed amongst the Inman Park and Candler Park MARTA train stations to offer access for shoppers who do not want to pay the high gas prices
.
We recently visited this net lease properties development and found it easy to get to with shoppers coming from the East Atlanta area, the Edgewood neighborhood, Candler Park and also the Inman Park neighborhoods. These Atlanta neighborhoods are all densely populated to further help the cause of the new Net Lease properties owners. A population of somewhere around 132,943 people with a normal household income of $58,000 resides within three miles of this NNN Commercial Real Estate creation.
This unique NNN Commercial Real Estate development has an old look with modern day conveniences. The brick buildings give it that comfortable appearance and welcomes shoppers to fuel the Net Lease properties. Even with the premier anchor tenants there is plenty of room for small box net lease properties tenants at the same time. Caribou Coffee and Chase Bank seem to prosper at this Atlanta NNN Commercial Property development.
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