Investment Highlights

15-YEAR NNN CORPORATE LEASE
» 15-year NNN corporate lease
» 10% rental increases every five (5) years, providing a hedge against inflation
» Building remodeled in 2022 with ample parking on-site for added customer convenience

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR NEAR MAJOR EMPLOYERS
» High-traffic location on Windward Parkway near the North Main Street four-way signalized intersection, with excellent visibility and access to a combined 75,000 vehicles per day
» Georgia State Route 400 is located one mile from the property, providing access to 143,000 vehicles per day
» Adjacent to Costco Wholesale and directly across from a Walmart Supercenter, promoting crossover traffic to the location
» Central location in a dense retail corridor with proximity to several large shopping centers and nearby tenants such as Kroger, The Home Depot, Lowe’s Home Improvement, Target, Chick-fil-A, and numerous others
» 10 large hotels with 1,365 guestrooms are situated within a two-mile radius of the property, providing a nearby regular customer base
» Alpharetta’s top 10 employers with a workforce of over 14,575 are located within four miles of the property, greatly increasing traffic in the surrounding area
» Minutes from Georgia State University Alpharetta Campus (33.73 acres, 53,737 total students across six campuses) with proximity to many well-attended Fulton County schools (94,000+ student enrollment)

DENSELY POPULATED AND AFFLUENT GEORGIA SUBURB
» Population of 169,099 within a five-mile radius (a 24 percent growth since 2010)
» Affluent community with an average annual household income of $155,269 within five
miles (projected to increase 11 percent by 2026)
» Beneficial proximity to several large airports including Cobb County International Airport
(the second busiest general aviation airport in the state), and Hartsfield-Jackson Atlanta
International Airport (the busiest airport in the world with over 100 million annual
passengers)
» Alpharetta ranks among one of the top 25 places to live in the entire country according
to Money Magazine
» Gateway to Atlanta, the most populous city in Georgia (498,715 residents), and the ninth largest
metro area in the U.S. (over six million people)
» Georgia’s business climate has been ranked #1 in the nation for the eighth consecutive year by Site Selection and Area Development ranked Georgia the top state for doing business for the seventh year in a row

Property Description

SOLD

» First Watch is located on Windward Parkway near the North Main Street four-way signalized intersection with excellent visibility and access to a combined 75,000 vehicles per day
» Georgia State Route 400 is located one mile from the property, providing access to 143,000 vehicles per day
» The property is anchored by Costco Wholesale and directly across from a Walmart Supercenter, promoting crossover traffic to the location
» 10 large hotels with 1,365 guestrooms are situated within a two-mile radius of the property, providing a nearby regular customer base. The site is minutes from Georgia State University Alpharetta Campus (33.73 acres, 53,737 total students across six campuses) with proximity to many well-attended Fulton County schools (94,000+ student enrollment)
» The immediate area is densely populated with 169,099 residents within a five-mile radius (a 24 percent growth since 2010)
» Alpharetta ranks among one of the top 25 places to live in the entire country according to Money Magazine. Georgia’s business climate has been ranked #1 in the nation for the eighth consecutive year by Site Selection, and Area Development ranked Georgia the top state for doing business for the seventh year in a row
» The location is a gateway to Atlanta, the most populous city in Georgia (498,715 residents) and the ninth-largest metro area in the U.S. (over six million people)