5,000 SF P B S F L - LoopNet · 2018. 12. 18. · The local population is projected to exceed 6.3 million people during the next five years, after adding roughly 512,000 residents.

5,000 SF PRIME BUCKHEAD SPACE FOR LEASE3210 Roswell Road Atlanta Georgia 30305

BROCHURETEL. 404-683-8383


BROCHURETEL. 404-683-8383

Walking Distance from the ExclusiveThe Shoppes Buckhead Atlanta…


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RENT PER SF

LOT SIZE

BUILDING SIZE

SPACE AVAILABLE

RENT PER FOOT

YEAR BUILT

PARKING

TYPE OF LEASE

$36

0.30 Acres

16,000 SF

5,000 SF

$36

1985

60 Spaces

NNN

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are

approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future

performance of the property. King David Properties www.kingdavidproperties.com

• LOCATION, LOCATION, LOCATION

• FORMER SHOWROOM OF 20 YEARS

• CAN EASILY BE MODIFIED

• PLENTY OF PARKING - RARE TO FIND

• TWO ENTRANCES FROM ROSWELL ROAD

• PLENTY OF SUCCESSFUL BUSINESSES SURROUNDING STRIP CENTER AND

LOCATED IN STRIP CENTER.

• GREAT VALUE FOR BUCKHEAD RETAIL

• LARGE TOWER PYLON SIGN ON ROSWELL ROAD

• VIRTUALLY NO COMPETITION

Located near the intersection of Peachtree Road and Roswell Road, our

tile tenant of 20 years has out-grown their Buckhead showroom space

and we are now offering the space for lease. Prime 5,000 SF space in

the heart of Buckhead at half the cost of newly built retail in Buckhead.

Plenty of parking and frontage directly on Roswell Road. This property is

right next to many popular destinations such as Whole Foods, Andrews

Square, and The Shops Buckhead Atlanta.

Great for a showroom, office, medical office, restaurant, and many

more.

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Buckhead

Village

Walk

Score

95

http://www.kingdavidproperties.com/

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Thousands of new Apartments and CondosWithin Walking Distance

Coca Cola Roxy Theatre - Yards AwayHistoric Area with Plenty of Nightlife

Whole Foods Buckhead1 Min Away

Join Hermes, Tom Ford, Etro, Fado, Le Bilboquet, Buckhead Diamond and much more! 1 Min Away

Join Restoration Harware, Kohler, Mitchell Gold+ Bob Williams, Roche Bobois, and More!

RESTORATION HARDWARE

Lenox Mall 2 MilesAway


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REGIONAL MAP

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ATLANTAOVERVIEW

1

The Atlanta metro encompasses 29 counties in northwestern Georgia.

With few natural barriers to limit development, tremendous population

growth over the past decade expanded the metro’s borders and the

region now has a population of roughly 5.8 million people. Over the next

five years the region is expected to add approximately 512,000

residents. Meanwhile, Mercedes-Benz Stadium has been a catalyst for

redevelopment in the urban core of Atlanta. New projects in the

downtown and midtown sections of the city present a vast array of

housing, entertainment and retail opportunities that are enticing

residents back into the city and providing options for people moving to

the metro.

METRO HIGHLIGHTS

HEAVY CONCENTRATION OF CORPORATE HEADQUARTERS

Atlanta ranks fifth in the nation in the number of

Fortune 500 headquarters with 15 companies,

including UPS, Delta Airlines and Coca-Cola.

STRONG EMPLOYMENT GAINS

The metro places among the highest in the nation

for job growth. Nearly 400,000 jobs were added in

the last four years.

LOW COST OF LIVING AND DOING BUSINESS ATTRACTS EMPLOYERS

A pro-business environment and affordability helped

Atlanta lure new companies to the metro.




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ECONOMY Gross metropolitan product (GMP) and retail sales progress above national levels.

The area serves as a financial hub for the Southeast. The Federal Reserve Bank of Atlanta

and SunTrust Bank are housed locally.

Many companies favor Atlanta for low corporate taxes, its pro-business climate and access

to national and global markets. Among the numerous corporate headquarters are Home

Depot, Aflac and Turner Broadcast Co. Other major firms include NCR, Mercedes-Benz,

Porsche and State Farm.

SHARE OF 2017 TOTAL EMPLOYMENT

MAJOR AREA EMPLOYERS

Delta Airlines

The Home Depot

AT&T

WellStar Health Systems

UPS

Northside Hospital

Piedmont Healthcare

Children’s Healthcare of Atlanta

Cox Enterprises

Bank of America* Forecast

2

MANUFACTURING

6%

OTHER SERVICES

4%22%

AND UTILITIES

TRADE, TRANSPORTATION

4%INFORMATION

PROFESSIONAL AND

BUSINESS SERVICES

19%

CONSTRUCTION

4%

GOVERNMENT

12%LEISURE AND HOSPITALITY

11%FINANCIAL ACTIVITIES

6%

HEALTH SERVICES

EDUCATION AND

+ 13%

BUCKHEAD POINT




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DEMOGRAPHICS

SPORTS

EDUCATION

ARTS & ENTERTAINMENT

The local population is projected to exceed 6.3 million people during the next five

years, after adding roughly 512,000 residents.

Nearly 231,000 households will be created by the end of 2022, generating the need

for additional housing options.

A skilled workforce includes nearly 36 percent of residents age 25 and older with a

bachelor’s degree, which places the metro above the national level.

The Atlanta metro features a surging business environment and modern infrastructure while

providing entertainment and attractions. Affordable housing in the outer perimeters lowers

the average cost of living. The metro has several acclaimed cultural institutions, including

Zoo Atlanta and the High Museum of Art. More than 30 institutions of higher learning call

Atlanta home, including Emory University, Georgia Institute of Technology and Spelman

College. Outdoor and sports enthusiasts will find plenty to enjoy. Mild weather year-round

beckons residents to hike, paddle and bike on the many trails in and around Atlanta. Atlanta

is home to professional sports franchises in the NFL, MLB, NBA and WNBA.

* Forecast

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s

Analytics; U.S. Census Bureau

QUALITY OF LIFE

3

2017 Population by Age

0-4 YEARS

7%5-19 YEARS

21%20-24 YEARS

7%25-44 YEARS

28%45-64 YEARS

26%65+ YEARS

11%

BUCKHEAD POINT

36.1

2017MEDIAN AGE:

U.S. Median:

37.8

$59,400

2017 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

$56,300

5.8M

2017POPULATION:

Growth2017-2022*:

8.8%

2.1M

2017HOUSEHOLDS:

10.9%

Growth2017-2022*:




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Demand keeps vacancy low in Central Atlanta. A resurgence in Central Atlanta is

bringing numerous projects to the area. Several apartments and hotels are popping

up, with convenience retailers following suit, many of which are not undermined by e-

commerce. Most of the projects are located along Memorial Drive in Cabbagetown,

including additions to the mixed-used development named Larkin. The project is

anchored by Grant Park Market and Ace Hardware, with several smaller restaurants

and shopping establishments opening this year. Despite the influx of completions,

most are fully leased. Overall, steady demand within Central Atlanta has slashed

vacancy in the area 300 basis points during the past three years.

Residential growth in Atlanta fuels need for necessity retailers. Strong net migration

and household formation metrowide are driving retail sales above the national average

in Atlanta. To meet the needs of the growing population and more households, several

necessity retailers are under construction, including Whole Foods and Kroger.

• Georgia’s pro-business environment and continued job growth keeps local

and out-of-state tenants active in the Atlanta retail market.

Retail 2018 OutlookCentral Atlanta Redevelopment

Sparks Retail Demand

ATLANTA METRO AREA

1.4 million sq. ft. will be

completed

5.5% increase in

asking rents

50 basis point

decrease vacancy

Construction:

The average asking rent climbs to $15.55 per

square foot after a 4.8 percent increase in

2017.

Pre-leasing and tenant demand lowers

vacancy to 5.3 percent in 2018. The previous

annual period, a 70-basis-point decrease was

recorded.

* Cap rates trailing 12 months through 1Q18; 10-Year Treasury up to March 29, 2018

Sources: CoStar Group, Inc.; Real Capital Analytics

Construction declines considerably from the

2.3 million square feet completed in 2017.

The largest project is a 124,000-square-foot

Kroger.

Vacancy:

Rents:

Trends

BUCKHEAD POINT




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• Approximately 45,100 positions

were created in Atlanta during

the past 12 months, cutting

unemployment 60 basis points to

4.2 percent in March.

• The trade, transportation and

utilities sector added 17,500

positions during the previous four

quarters, the most among

sectors. Education and health

services followed with 15,600

positions.

EMPLOYMENT

• Deliveries picked up from the 1.9

million square feet of retail space

delivered the prior year as more

than 2.7 million square feet were

completed during the past 12

months ending in March.

• The Georgia 400 and Dekalb

submarkets each received over

400,000 square feet of space.

CONSTRUCTION

• More than 4.0 million square feet

of retail space was absorbed in

the past four quarters, reducing

vacancy to 5.7 percent. The

prior year, vacancy fell 70 basis

points.

• Minimal completions in Central

Atlanta and healthy demand

slashed vacancy 60 basis points

to 4.1 percent. The rate is one of

the lowest metrowide.

VACANCY

• Tightening vacancy is benefiting

rent growth, with the average

asking rent reaching $15.21 per

square foot. The previous 12-

month period, rent jumped 5.3

percent.

• Declining vacancy in multi-tenant

buildings also brought

improvement to rent. The

average asking rent in these

spaces rose 4.3 percent to

$14.94 per square foot during

the year ending in March.

RENT

S

ATLANTA METRO AREA

increase in the

average asking rent

Y-O-Y

7.8%basis point decrease

in vacancy Y-O-Y50square feet

completed

Y-O-Y

2.7

million

increase in total

employment Y-O-Y1.7%

* Forecast

1Q18 - 12-Month Trend

BUCKHEAD POINT




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Competition Heightens for Retail Properties;

Outlook: Higher first-year returns in the

mid-8 percent band and improving

vacancy will likely sustain demand for

multi-tenant assets this year.

Vacancy

Rate

Y-O-Y

BasisPoint

Change

SubmarketAsking

Rent

Y-O-Y%

Change

Buckhead 3.8% -60 $29.68 -1.7%

Central Atl 4.1% -60 $24.35 -5.8%

Coweta County 4.1% 130 $15.59 10.6%

South Cobb 4.8% -60 $15.63 4.3%

North Cobb 5.3% -80 $14.11 15.8%

West Metropolitan 5.3% -50 $11.11 9.5%

Central Perimeter 5.4% 0 $28.14 53.4%

Georgia 400 5.7% -60 $16.26 1.7%

NE Atlanta Outlying 5.8% -10 $14.80 31.2%

Gwinnett 6.0% -100 $13.71 12.9%

South Metropolitan 6.0% -20 $13.11 1.3%

Overall Metro 5.7% -50 $15.21 7.8%

Submarket Trends

Lowest Vacancy Rates 1Q18

Trends

ATLANTA METRO AREA

* Trailing 12 months through 1Q18 over previous time period

Pricing trend sources: CoStar Group, Inc.; Real Capital Analytics

* Forecast **2017-2022

BUCKHEAD POINT




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PROPERTY NAME

DEMOGRAPHICS

Source: © 2017 Experian

Created on December 2018

POPULATION 1 Miles 3 Miles 5 Miles

2022 Projection

Total Population 19,135 128,116 330,703

2017 Estimate


2010 Census


2000 Census


Current Daytime Population

2017 Estimate 46,158 168,128 528,993

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

2022 Projection

Total Households 11,445 64,817 159,195

2017 Estimate


Average (Mean) Household Size

1.69 1.98 2.00

2010 Census


2000 Census


Occupied Units

2022 Projection 11,445 64,817 159,195

2017 Estimate 11,974 64,596 161,533

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

2017 Estimate

$150,000 or More 22.03% 23.98% 22.19%

$100,000 - $149,000 16.03% 15.53% 14.29%

$75,000 - $99,999 9.19% 10.69% 10.67%

$50,000 - $74,999 15.34% 15.22% 16.07%

$35,000 - $49,999 10.71% 11.13% 11.79%

Under $35,000 26.68% 23.44% 25.00%

Average Household Income $128,852 $132,931 $123,662

Median Household Income $69,335 $75,392 $69,816

Per Capita Income $76,788 $66,711 $59,265

HOUSEHOLDS BY

EXPENDITURE1 Miles 3 Miles 5 Miles

Total Average Household Retail Expenditure

$73,415 $75,931 $73,855

Consumer Expenditure Top 10 Categories

Housing $19,300 $20,209 $19,698

Transportation $11,541 $12,313 $12,065

Shelter $10,334 $10,938 $10,744

Personal Insurance and Pensions

$8,153 $9,014 $8,727

Food $6,678 $6,997 $6,863

Health Care $5,254 $5,363 $5,116

Utilities $4,398 $4,565 $4,460

Entertainment $2,694 $2,806 $2,684

Household Furnishings and Equipment

$2,199 $2,265 $2,154

Cash Contributions $2,176 $2,237 $2,119

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

Population By Age

2017 Estimate Total Population 17,841 118,458 311,851

Under 20 12.44% 18.39% 19.39%

20 to 34 Years 32.21% 31.49% 33.87%

35 to 39 Years 8.70% 8.63% 8.54%

40 to 49 Years 13.89% 14.10% 13.45%

50 to 64 Years 14.50% 14.74% 14.37%

Age 65+ 18.24% 12.66% 10.40%

Median Age 37.95 35.06 33.42

Population 25+ by Education Level

2017 Estimate Population Age 25+

14,518 88,875 221,396

Elementary (0-8) 0.72% 2.13% 2.70%

Some High School (9-11) 2.51% 3.09% 3.01%

High School Graduate (12) 8.23% 9.68% 10.34%

Some College (13-15) 12.01% 11.46% 12.17%

Associate Degree Only 2.64% 3.14% 3.39%

Bachelors Degree Only 45.97% 41.34% 38.46%

Graduate Degree 27.80% 28.61% 29.15%




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Income

In 2017, the median household income for your selected geography is

$69,335, compare this to the US average which is currently $56,286.

The median household income for your area has changed by 15.01%

since 2000. It is estimated that the median household income in your

area will be $95,260 five years from now, which represents a change

of 37.39% from the current year.

The current year per capita income in your area is $76,788, compare

this to the US average, which is $30,982. The current year average

household income in your area is $128,852, compare this to the US

average which is $81,217.

Population

In 2017, the population in your selected geography is 17,841. The

population has changed by 77.12% since 2000. It is estimated that the

population in your area will be 19,135.00 five years from now, which

represents a change of 7.25% from the current year. The current

population is 47.72% male and 52.28% female. The median age of the

population in your area is 37.95, compare this to the US average

which is 37.83. The population density in your area is 5,678.24 people

per square mile.

Households

There are currently 10,606 households in your selected geography.

The number of households has changed by 88.72% since 2000. It is

estimated that the number of households in your area will be 11,445

five years from now, which represents a change of 7.91% from the

current year. The average household size in your area is 1.69

persons.

Employment

In 2017, there are 59,031 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

85.08% of employees are employed in white-collar occupations in this

geography, and 15.82% are employed in blue-collar occupations. In

2017, unemployment in this area is 1.89%. In 2000, the average time

traveled to work was 23.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

76.46% White, 11.78% Black, 0.05% Native American and 5.32%

Asian/Pacific Islander. Compare these to US averages which are:

70.42% White, 12.85% Black, 0.19% Native American and 5.53%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 7.81% of the current year

population in your selected area. Compare this to the US average of

17.88%.

MARKETING TEAM

BUCKHEAD POINT

Housing

The median housing value in your area was $428,258 in 2017,

compare this to the US average of $193,953. In 2000, there were

2,545 owner occupied housing units in your area and there were 3,075

renter occupied housing units in your area. The median rent at the

time was $724.

Source: © 2017 ExperianThis information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are



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5,000 SF P B S F L - LoopNet · 2018. 12. 18. · The local population is projected to exceed 6.3 million people during the next five years, after adding roughly 512,000 residents.

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