Offering Memorandum Premier Buckhead Village Opportunity 2 Buildings | 0.436 Acres Table of Contents
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OFFERING MEMORANDUM PREMIER BUCKHEAD VILLAGE OPPORTUNITY 2 BUILDINGS | 0.436 ACRES TABLE OF CONTENTS Michael Wess, CCIM PROPERTY OVERVIEW 3 Partner, Bull Realty EXECUTIVE SUMMARY 5 [email protected] PROPERTY HIGHLIGHTS 6 404-876-1640 x150 PROPERTY INFORMATION 7 TENANT PROFILES 9 Andy Lundsberg PHOTOS 10 Partner, Bull Realty [email protected] AREA OVERVIEW 13 404-876-1640 x107 AREA OVERVIEW 14 AREA DEVELOPMENTS 19 50 Glenlake Parkway, Suite 600 AREA MAPS 20 Atlanta, GA 30328 ATLANTA 23 BullRealty.com MAJOR EMPLOYERS 25 CONTACT INFO 26 BROKER PROFILES 27 CONFIDENTIALITY AGREEMENT 29 DISCLAIMER & LIMITING CONDITIONS 30 Exclusively listed by Bull Realty, Inc. PROPERTY OVERVIEW PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 3 of 31 PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 4 of 31 PREMIUM BUCKHEAD VILLAGE LOCATION 3211 and 3215 Cains Hill Place This offering provides the unique opportunity for a business owner to purchase property in the extremely limited-supply Buckhead Village market and control real estate expenses in the coming years as more mid-rise towers encompass the area replacing the traditional landscape, increasing density, and driving up rents. While the existing infrastructure can currently accommodate many types of retail, restaurant, entertainment/nightlife, or other uses, the long-term value of the property resides in the future redevelopment potential of the site. The subject consists of one parcel (0.436 acres) with two addresses/buildings: 3211 Cains Hill Place is a commercially-zoned retail store consisting of approximately ±2,200 SF and 3215 Cains Hill Place is a two-story structure consisting of approximately ±5,200 SF. 3211 Cains Place is occupied by Rebecca’s Boutique, a ladies clothing store, while 3215 Cains Hill Place is occupied by Pinnacle Fitness. The immediate area features other office, retail and residential developments. If you would like to discuss pricing or set up a time to tour, please contactMichael Wess 404-876-1640 x150, or Andy Lundsberg 404-876-1640 x107. To receive additional information and financials, please execute the confidentiality agreement. PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 5 of 31 HIGHLIGHTS RARE PORTFOLIO OPPORTUNITY • Two-buildings situated on 0.436 acres. • 100% occupied by two tenants - Rebecca’s Boutique (Ladies clothing) and Pinnacle Fitness (Gym). However, this opportunity is available now for owner-occupant or immediate redevelopment. • 19 surface parking spaces available . ACCESSIBLE LOCATION WITH NEARBY AMENITIES • Surrounded by high-quality shopping, dining and hotels within the immediate area including The Shops at Buckhead, Lenox Square Mall and Phipps Plaza. • Buckhead Village District encompasses more than 1.5 million square feet of retail, residential and restaurant space. • The Property benefits from its access to major thoroughfares including Roswell Road and Georgia State Route 400. STRONG DEMOGRAPHICS • The Property is strategically located in a high-growth, affluent and well-educated area. • Average household income within a 1-mile radius is $151,366- more than double the national average of $68k, and some of the highest income demographics in the nation. SURROUNDED BY HIGH-QUALITY • 78% of the surrounding demographic is a white-collar worker with AMENITIES IN THE IMMEDIATE AREA at least a bachelor’s degree. PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 6 of 31 PROPERTY HIGHLIGHTS OFFERING SUMMARY ADDRESSES 3211 & 3215 Cains Hill Place Atlanta, GA 30305 Two-building property ideally located in the premium COUNTY Fulton Buckhead Village TOTAL SQUARE FEET ± 7,400 SF TOTAL LAND AREA 0.436 Acres Rare investment opportunity in a hot ZONING SPI-9 SA3 - Buckhead Overlay District high-demand, low-supply market MAX HEIGHT 150’ FLOOR AREA RATIO (FAR) 8.2 PARKING 19 Surface Spaces Surrounded by hundreds of luxury shops, trendy UNITS 2 restaurants and premium apartments OCCUPANCY 100% PRICE $4,600,000 Zoning permits a multitude of options Please do not visit site without an appointment. including office, retail, residential and related uses Please do not disturb management or tenants. PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 7 of 31 PROPERTY INFORMATION ADDRESS: 3211 Cains Hill Place NW, Atlanta, GA 30305 ADDRESS: 3215 Cains Hill Place NW, Atlanta, GA 30305 COUNTY: Fulton COUNTY: Fulton BUILDING SIZE: ± 2,200 SF BUILDING SIZE: ± 5,200 STORIES: 1 STORIES: 2 UNITS: 1 UNITS: 1 TENANT: Rebecca’s Boutique (Ladies’ Clothing Store) TENANTS: Pinnacle Fitness (Gym) PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 8 of 31 TENANT PROFILES Founded by Rebecca Young in 2008, Rebecca believes a woman should be able to pack a few interchangeable pieces in her luggage and go. The luxe REBECCA pieces are timeless and seasonless with fabrics including silks, fluid jerseys, and always, cashmere. In addition to being the leading boutique in Buckhead, Atlanta, REBECCA clients shop from around the country and REBECCA’S BOUTIQUE travel throughout the world. Suite: 3211 Cain Hill Place Occupies: ± 2,200 SF With clientele ranging from 18 to 70, REBECCA focuses on easy pieces for the modern woman on the go. Like many of her clients, Young spends her time jetting between Los Angeles, New York, and St. Barts scouring markets and shopping for new designers and the sought after boho-luxe pieces she is known for. New lines are continuously being introduced and updated at REBECCA. Source: https://shop-rebecca.com/ Pinnacle Fitness is a family-owned and operated fitness boutique in the heart of Buckhead. They specialize in one- on-one and partner personal training, golf and tennis-specific sports conditioning, full-body circuit classes several mornings a week, dance fitness, and an Infrared Sauna to help aid recovery. They are a one-stop-shop for all your health and fitness needs. Click below to schedule your free Consultation and PINNACLE FITNESS InBody Body Composition Scan. Find out what your body is made of, between muscle, fat, and water, as well as where Suite: 3215 Cain Hill Place in your body it resides. The InBody scan is a great way to kick off a workout program with an analysis of what and Occupies: ± 5,200 SF where to target with detailed steps for your desired results. Source: http://pinnaclefitnessgym.com/ PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 9 of 31 EXTERIOR PHOTOS PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 10 of 31 EXTERIOR PHOTOS PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 11 of 31 INTERIOR PHOTOS - PINNACLE FITNESS PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 12 of 31 ABOUT THE AREA PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 13 of 31 COME SEE THE NEW SIDE OF LUXURY Buckhead Village blends diverse shopping and culinary experiences with welcoming communal spaces, bold design and interactive art installations for a taste of life in the modern South. Located in the heart of Atlanta’s iconic Buckhead neighborhood, Buckhead Village offers guests a unique destination to shop from some of the region’s top stylemakers, indulge in foods from around the globe and exercise at top-rated studios and wellness centers. There’s an experience for everyone inside Buckhead Village. (Source) STRATEGICALLY LOCATED IN A HIGH-GROWTH, AFFLUENT & WELL-EDUCATED AREA PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 14 of 31 LIVE WORK PLAY Whether stocking up on groceries at Whole Foods, Trader Joe’s or Lucy’s Market, dining at Lobster Bar, or selecting a custom flower arrangement at Boxwoods, you will find many well-known neighborhood fixtures here. Lenox Square and Phipps Plaza are just up Peachtree Road, where the high-rise office towers and condos are also located. GA-400 access is also nearby, taking you to anywhere you want to go! If you’re looking for a low-maintenance lifestyle with a variety of social and cultural activities steps away from your front door, explore Buckhead Village. (Source) WALKER’S PARADISE (Source) The ultra-walkable neighborhood is a place to mix and mingle in a comfortable but luxurious setting. Walk Score Transit Score Bike Score Marta Station 92 44 64 Buckhead - 1.5 Miles PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 15 of 31 BUCKHEAD VILLAGE DISTRICT Site Size Total SF # of Retailers WHERE THE CITY BECOMES THE NEIGHBORHOOD 2.7 Acres 365,000 50+ Buckhead Village District is approximately 356K square feet of retail and office portfolio, which includes two development parcels totaling 2.7 acres, was built in 2014 and is situated in the heart of Atlanta’s Buckhead neighborhood. The open-air destination spans six city blocks bordering Peachtree, East Paces Ferry and Pharr Roads, and features more than 50 stores and restaurants along a lush streetscape setting. The property is home to international luxury brands such as Hermès, Spanx’s Global Headquarters, health and wellness studios, and a variety of dining options.(Source) >Location Buckhead Village District is at the intersection of Peachtree Road and East Paces Ferry Road and West Paces Ferry Road. PREMIER BUCKHEAD VILLAGE OPPORTUNITY Page 16 of 31 A DYNAMIC DESTINATION FOR THE MODERN SOUTHERN LIFESTYLE LOVE WHERE YOU WORK, AND LIVE, AND PLAY, AND DRINK, AND... From the St. Regis Hotel and Residences to the exclusive new shopping district, Buckhead Atlanta, Buckhead Village is experiencing exponential growth. It is the place to be with exceptional restaurants and shopping, catering to the most affluent clientele in the city. Recently developers vie for the coveted consumers for whom this neighborhood is a daily crossroads. Visitors and locals alike come to shop, experience casual and fine dining, and visit the Atlanta History Center. Buckhead Village is a top Atlanta destination for residents of other communities, but for Buckhead residents, the village is simply part of their daily routine. (Source) STEP INTO BUCKHEAD At the heart of Buckhead around the intersections of Lenox, Peachtree and Piedmont Roads, is a shopping district with more than 1,500 retail units where shoppers spend more than $3 billion a year. In addition, Buckhead contains the highest concentration of upscale boutiques in the United States.