| INVESTMENT HIGHLIGHTS: |
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Value Add - purchase opportunity of lender-owned retail center located within the epi-center of commercial & retail activity of this charming ex-urban community of Rome, GA.
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Available Adjacent Box - offers enhanced redevelopment potential (42,000± SF former grocery store on 4± acres) and is separately available for lease or purchase. |
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Shadow-Anchored - by Home Depot & K-Mart. |
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Location - Etowah Center is located in the middle of a solid exurban Atlanta market; Rome is a college, medical & retirement community an hour and half drive from Atlanta. Rome is the County Seat of Floyd County (pop. 96,000), the largest city in Northwest Georgia |
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Upside Potential – via lease-up and rent growth of existing 22,500± SF of shops. |
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Strong Demographics – more than 49,200± people within a 5 mile radius with an estimated HH income exceeding $45,700±. |
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| PROPERTY SPECIFICATIONS: |
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Location: |
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104 -194 Hicks Drive
Rome, GA 30161 |
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Type: |
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Neighborhood Shopping Center |
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Size: |
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36,560± square feet
4.2± acre site |
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Anchor: |
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Shadow anchored by The Home Depot
and K-Mart |
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Year Built: |
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1985 |
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Stabilized NOI: |
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$293,813 |
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Reduced Price: |
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$1,500,000 ($41 PSF) |
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