Atlanta, Georgia – NNN Commercial Real Estate news and information for the afternoon is on Retail Shopping Centers. This NNN Commercial Property is known as the Village Shoppes of Flowery Branch. The Publix anchored Retail Shopping Center is situated at 5900 Spout Springs Road in Flowery Branch, Georgia. The NNN Leased Property sits in Hall County. Flowery Branch is part of the Gainesville, Georgia, (MSA) Metropolitan Statistical Area. Some NNN Commercial Real Estate analysts put the net lease property in the Atlanta – Sandy Springs – Marietta (MSA) metropolitan statistical area also.
This Georgia NNN Commercial Real Estate retail shopping center has a design that is a reflection of the local market. The NNN Commercial Property possesses local design guidelines, and architecturally Design concepts with a highly ornate traditional approach to contemporary flavor. This Publix Net Leased Property has custom designed facades which differentiate each net lease property Tenants, while blending the retail shopping center together. The NNN Commercial Real Estate Developers made sure that Publix design standards were utilized. The Georgia NNN Commercial Leased Property has certain items that include site lighting, convenient ramps, handicap accessibility, and built using very durable materials.
Kimco Realty Corporation purchased this NNN Commercial Real Estate development for $13.7 million and walked into being able to assume an existing Commercial Loan. This Net Leased Property, Village Shoppes of Flowery Branch, is approximately 92,979 square feet. This NNN Commercial Real Estate development is positioned in northern Atlanta, with the 30542 zip code. The Net Leased Commercial Real Estate development was built in 2002, and was approximately 93% net leased at closing. The assumable Net Lease Funding was about $9.29 million for the commercial mortgage which was in place.
The Publix anchored Net Leased Property was sold by institutional investors whom were advised by J.P. Morgan Asset Management — Global Real Asset. The NNN Commercial Property seller, J.P. Morgan Asset Management – Global Real Assets, has approximately $53.6 billion in commercial real estate (CRE), infrastructure and maritime assets currently under management. This NNN Commercial Real Estate Investment is close to the Interstate 985 – Spout Springs Road interchange. The NNN Commercial retail shopping center benefits from their location near the beautiful Lake Lanier, which is one of the largest recreational lakes in the state. There Publix anchored retail shopping center is also close to the Atlanta Falcons Training facility.
The Net Leased Property Buyer, Kimco Realty Corporation, is a commercial real estate investment trust (REIT). This real estate investment trust currently owns and operates one of North America’s largest Investment Property portfolios. majority of the REIT;s Investment Property Portfolio consists of neighborhood and community retail shopping centers. Recently a tally of the Net Lease Properties and Retail Shopping Centers owned by the REIT are 951.
These Triple Net Lease Properties and Retail Shopping Centers consists of aver 136 million square feet of leasable space. These Triple Net Lease Properties and Retail Shopping Centers are located in 44 states, Puerto Rico, Canada, Mexico and South America. This real estate investment trust is publicly traded on the NYSE and is included in the S&P 500 Index. The Net Leased Property Investors have specialized in retail shopping center acquisitions, NNN commercial real estate development and management for 50 years.
NNN Commercial Real Estate Development Tenants:
• Adventure Cycles
• Bill Martin CLU State Farm Insurance
• Blockbuster Video
• China Garden
• El Sombrero
• Gabrielles Hair Salon
• Great American Cookie
• Great Clips Flowery Branch
• Happy Feet Christian Dance
• H&R Block
• Mail & More
• Napolis pizza and Italian restaurant
• Publix Super Market
• Red Nails
• Scrappin’ Retreats
• Scripture Tableware
• Shannon Eyecare of South Hall
• Sun City Tanning
• Touch of Wireless
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