Shoppes at Ridenour

PROPERTY OVERVIEW

• Stable, high quality income stream from established, successful tenant mix.
• High quality construction and aesthetics; 2004-built physical plant was developed with the adjacent 260-unit apartment community by a highly reputable Atlanta-based multifamily developer, who has owned the property since it was built.
• Strong market fundamentals: demographics, density and traffic.  Barrett Parkway is a thriving trade area and major retail node in Atlanta's "Golden Triangle":
  • 45,300± VPD pass by the shopping center on Barrett Parkway.
  • 159,935± people within a 5-mile radius, with average household incomes at $86,901±.
  • 7% population growth over the next 5 years within a 5-mile radius of the center.
• New $150MM mixed use develompent, Kenensaw Marketplace, under construction across the street will share signalized access to Barrett Parkway at the Ridenour Boulevard traffic light.  Scheduled to deliver in 2017, the project will feature Whole Foods, Academy Sports, a multifamily residential component, and will deliver retail shops at more than double the rents in place at Shoppes at Ridenour.