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 income at $86,901±, 7% population growth over the next 5 years within a 5-mile radius of the center.
New $150mm mixed-use development Kennesaw marketplace under construction across the street will share signalized access to Barrett Parkway at the Ridenour Blvd 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.
SHOPPES AT RIDENOUR
1610-1625 Ridenour Blvd. | Kennesaw, GA 30144
Square Footage: ± 31,499
Year Built: 2007
Acreage: ± 3.89