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Marietta, Georgia OFFERING MEMORANDUM FREESTANDING RETAIL WITH VISIBILITY FROM I-75 ± 6,597 SF TABLE OF CONTENTS EXECUTIVE SUMMARY 3 PROPERTY INFORMATION 4 PHOTOS 5 Andy Lundsberg AREA OVERVIEW 7 Partner ABOUT THE AREA 8 [email protected] DEMOGRAPHICS & TRAFFIC COUNTS 9 404-876-1640 x107 IN THE AREA 10 Michael Wess, CCIM Commercial Real Estate Advisor BROKER PROFILE 14 [email protected] TEAM PROFILE 15 404-876-1640 x150 DISCLAIMER & LIMITING CONDITIONS 16 50 Glenlake Parkway, Suite 600 Atlanta, GA 30328 BullRealty.com Exclusively listed by Bull Realty, Inc. EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS • Freestanding building on Roswell Road in Marietta with great access and signage visible from I-75 • 6,597 total SF building; ( 3,090 SF on first level / 3,507 SF on second level) • Approximately 15 parking spaces in front of building plus easement allowing for abundant parking on Andretti’s • Located on corner parcel at signalized intersection directly in front of Andretti’s and East Cobb Station, a 311,000 SF community center • Traffic counts of 23,916 VPD on Roswell Rd and 260,696 VPD on I-75 • CRC zoning: https://tinyurl.com/y6c98wk2 • Building in shell condition $ PRICE $1,150,000 SIZE 6,597 SF Freestanding Retail with Visibility from I-75 Page 3 of 16 PROPERTY INFORMATION GENERAL 1263 Roswell Road Property Address: Marietta, GA 30062 County: Cobb Building Size: 6,597 SF Year Built: 1970 Occupancy: Vacant Number of Stories: 2 Parking Spaces: Abundant Signage: Yes SITE Zoning: CRC (Community Retail Commercial) Link Parcel ID: 16-1210-0-073-0 Site Size: 0.28 Acres + Parking Easement Utilities Available: All available to site AREA Frontage: 126’ on Roswell Road 23,170 VPD on Roswell Road Traffic Count: 294,000 VPD on I-75 Neighboring Property: Andretti’s East Cobb Station FINANCIAL Price/SF: $174.32 Sale Price: $1,150,000 Freestanding Retail with Visibility from I-75 Page 4 of 16 Front of property Back of property Signalized intersection leading to subject property and Andretti’s East Cobb Station behind subject property Freestanding Retail with Visibility from I-75 Page 5 of 16 Interior in shell condition Side of property Upstairs space Freestanding Retail with Visibility from I-75 Page 6 of 16 View of property from I-75 Freestanding Retail with Visibility from I-75 Page 7 of 16 ABOUT THE AREA Freestanding Retail with Visibility from I-75 Page 8 of 16 MARIETTA, GEORGIA Established in 1834, Marietta, Georgia is located along the dramatic backdrops of the Chattahoochee River and historic foothills of Kennesaw Mountain. Characterized by numerous natural resources, affordable real estate, and historic and cultural assets, Marietta is home to more than 60,000 residents and is the county seat of Cobb County, Georgia’s third largest county with over 700,000 citizens. Situated ± 20 miles northwest of Downtown Atlanta, Marietta provides visitors and residents an exciting selection of attractions, festivals & annual events, outdoor concerts, recreational activities, sport venues, shopping, and a growing business environment of industry and commerce. Visitors and residents are sure to enjoy the traditional Southern charm, hospitality, and history of this quaint, modern city. With its fully functioning municipality and unique history, the city is a growing community with its economic development, parks and recreation, public works, environmental services, power and water departments serve citizens and businesses. Freestanding Retail with Visibility from I-75 Page 9 of 16 DEMOGRAPHICS & TRAFFIC COUNTS (2019 ESRI) DEMOGRAPHICS (2019 ESRI) 1 MILE 3 MILES 5 MILES POPULATION 8,773 70,147 217,913 HOUSEHOLDS 3,118 28,319 87,277 AVG. HH INCOME $54,413 $79,711 $88,256 ANNUAL POP. GROWTH 0.55% 0.81% 1.12% (2019-2024) SOURCE: ESRI Freestanding Retail with Visibility from I-75 Page 10 of 16 IN THE AREA Freestanding Retail with Visibility from I-75 Page 11 of 16 Freestanding Retail with Visibility from I-75 Page 12 of 16 IN THE AREA KENNESAW STATE UNIVERSITY SIX FLAGS WHITE WATER 1 Kennesaw State University offers more Six Flags White Water is a 69-acre water park 4 than 150 undergraduate, graduate & located northwest of Atlanta, in unincorporated doctoral degrees to its more than 35,000 Cobb County. Originally opening in 1984 as students. With 13 colleges in two metro- White Water Atlanta, the park became part of Atlanta campuses, KSU is a member of the the Six Flags family of parks in 1999 University System of Georgia & the third- largest university in the state. It is one of the 50 largest public institutions in the country. THE BIG CHICKEN WELLSTAR KENNESTONE HOSPITAL WellStar Kennestone Regional Medical The Big Chicken is a KFC restaurant in 5 2 Center is a major hospital located in Marietta, Marietta, Georgia, which features a 56-foot- Georgia, serving most of northern and central tall steel-sided structure designed in the Cobb County. Kennestone Hospital opened appearance of a chicken rising up from the in June 1950 as a 105-bed-facility, and was top of the building. It is located at the city’s named after the two Georgia landmarks it biggest intersection of Cobb Parkway and looked onto: Kennesaw Mountain and Stone Roswell Road and is a well-known landmark Mountain. in the area. MARIETTA SQUARE KENNESAW MOUNTAIN Kennesaw Mountain is a high-running ridge The Marietta Square is the definition of 6 3 between Marietta and Kennesaw, Georgia in a new South city center. 19th century the United States with a summit elevation of buildings and sidewalks serve as the 1,808 feet. It is the highest point in the core backdrop to an intriguing blend of metro Atlanta area, and fifth after further- contemporary dining, arts, culture, and north exurban counties are considered. The entertainment. The beautiful square and local terrain averages roughly 1,000 feet AMSL walkable streets host a never-ending calendar of events and markets, an array of chef-owned restaurants, and a thriving art and theater community. Freestanding Retail with Visibility from I-75 Page 13 of 16 BROKER PROFILE Andy Lundsberg joined Bull Realty with over 10 years of sales, marketing and real estate experience. Within Bull Realty, he specializes in the acquisition and disposition of multifamily and boutique retail/office type properties in-town Atlanta. Andy Lundsberg is recognized as the top producer at Bull Realty for the last 5 years in a row with sales in excess of $100 million since 2017, and has consistently achieved the Atlanta Commercial Board of Realtors Million Dollar Club designation year after year. Prior to his career in commercial real estate, Andy worked for a national diagnostic imaging company as director of sales and marketing, Coca Cola as a business development manager and was head of on site sales and marketing for a condominium project with a large residential real estate firm in Atlanta. With his expertise in the real estate industry and successful sales record, he can help you determine the right investment for you; whether you are looking to buy, lease or sell commercial real estate. ANDY LUNDSBERG Andy graduated with honors from The Kelley School of Business at Indiana University where he received degrees in Marketing, Management Partner and International Studies. He also studied and lived in Seville, Spain and is conversational in Spanish. [email protected] 404-876-1640 x 107 Organizations: National Association of Realtors-Georgia Atlanta Commercial Board of Realtors Young Council of Realtors (YCR) Million Dollar Club Michael Wess’ passion for the consultation and sale of commercial real estate begin during his undergraduate studies at the University of Georgia. He earned a 4.0 GPA at the Terry College of Business’s real estate program, consistently ranked in the top five nationally. While there, Michael also received two other degrees in finance and international business and a minor in Spanish while participating on UGA’s rugby team and various philanthropic organizations. Michael joined Bull Realty in 2016 and began building his brokerage practice based on integrity, superior client service, and exceptional results. In 2018 alone, Michael closed 23 transactions valued at over $25,000,000, which landed him #3 of 32 brokers at the firm. Since 2018, he has recorded five ‘highest price ever’ record sales. MICHAEL WESS,CCIM Michael continuously attends seminars, conferences, and classes to improve his knowledge of real estate, finance, and economics. He is a Commercial Real Estate Advisor pinned designee of the prestigious Certified Commercial Investment Member (CCIM) Institute, commercial real estate’s global standard for [email protected] professional achievement and is an active member of the Atlanta Commercial Board of Realtors (ACBR). 404-876-1640 x 150 When not enjoying his career, Michael continues pursuing his passions for athletics and international travel and loves a weekend camping and hiking in the north Georgia mountains. Michael is also a ‘big brother’ in the Big Brothers Big Sisters organization. He enjoys spending time with family and friends exploring the neighborhoods in and around Atlanta. Freestanding Retail with Visibility from I-75 Page 14 of 16 TEAM PROFILE ANDY LUNDSBERG Aubri Lienemann Partner Marketing [email protected] 404-876-1640 x 107 Randee Comstock Marketing Scott Jackson MICHAEL WESS, CCIM Analyst Commercial Real Estate Advisor [email protected] 404-876-1640 x 150 Freestanding Retail with Visibility from I-75 Page 15 of 16 DISCLAIMER & LIMITING CONDITIONS Bull Realty has been retained as the exclusive listing broker to arrange the sale of the Subject Property. This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions relating to the general economy, competition and other factors, which therefore, are subject to material change or variation.
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