Investment Highlights

100% LEASED MULTI-TENANT ASSET WITH STRONG MIX OF COMPLIMENTARY RETAILERS
» New long-term leases for all tenants—all 10-year initial leases
» Scheduled rental increases, providing a hedge against inflation
» Excellent mix of “Amazon-proof” retailers
» Leased to well-known tenants with strong brand recognition
» Multi-tenant asset allows for investment diversification

HIGH-TRAFFIC LOCATION IN STRONG RETAIL CORRIDOR
» Located at the signalized hard corner of State Route 96 and Houston Lake Road, with excellent visibility and access to 43,800 vehicles per day
» Directly in front of The Shoppes at Houston Lake, a shopping center featuring Kroger, Kroger Fuel Center, Chick-fil-A, Great Clips, Smoothie King, GNC, Verizon, and more
» Notable retailers near the property include CVS, Circle K, AutoZone, Wendy’s, Advance Auto Parts, Sonic, Edge Fitness, and Dollar General, amongst others

STRONG CUSTOMER BASE IN SURROUNDING AREA
» Within walking distance of several schools, including David A. Purdue Elementary School (743 students) and Houston County High School (1,791 students)
» Close to Central Georgia Technical College, which has 6,314 students and 1,012 employees
» Located in an affluent area, with an average household income of $93,266 within a threemile radius
» Near several residential developments that are currently under construction
» The population within a one-mile radius is expected to grow nearly 9% between 2019 and 2024

NEW CONSTRUCTION
» High-quality construction, with self-maintained parcel and drive-thru for Moe’s Southwest Grill
» Ample on-site parking
» New building, limiting near-term deferred maintenance or capital costs

Property Description

SOLD

The property is strategically located at the signalized hard corner of State Route 96 and Houston Lake Road, with excellent visibility and access to 43,800 vehicles per day. The property is situated in front of The Shoppes at Houston Lake, a shopping center featuring Kroger, Kroger Fuel Center, Chick-fil-A, Great Clips, Smoothie King, GNC, Verizon, and more. The property is situated in a strong retail cluster, with major national tenants located near the site. Notable retailers near the property include CVS, Circle K, AutoZone, Wendy’s, Advance Auto Parts, Sonic, Edge Fitness, and Dollar General, amongst others.

The site benefits from its proximity to several schools and the strong demographics in the area. Several schools and are located within walking distance of the property, including David A. Purdue Elementary School (743 students) and Houston County High School (1,791 students). The property is also close to Central Georgia Technical College, which has 6,314 students and 1,012 employees. Additionally, the property is in an affluent area, with an average household income of $93,266 within a three-mile radius. The property is close to several residential developments that are currently under construction, and the population in the surrounding area is growing rapidly. The population within a one-mile radius is expected to grow nearly 9% between 2019 and 2024.