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1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles Average Household Income over $78,000 Shadow Anchored by Kohls 100% Occupied ACWORTH COMMONS Atlanta MSA, GA

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Page 1: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

1

Investment Highlights

Located in affluent suburb of Atlanta

8% on Current Income

Anchor Tenant Recently Extended Option Early

Over 130,000 people within 5 Miles

Average Household Income over $78,000

Shadow Anchored by Kohls

100% Occupied

ACWORTH COMMONSAtlanta MSA, GA

Page 2: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and

should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified

information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due

diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the

future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or

asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any

tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be

reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these

matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to

verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or

name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,

service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

ACWORTH COMMONS

Acworth, GA

ACT ID Z0250516

2

Page 3: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01Offering Summary

Local Map

Aerial Photo

FINANCIAL ANALYSIS 02

Tenant Summary

Lease Expiration Chart

Operating Statement

Notes

Pricing Detail

Acquisition Financing

MARKET OVERVIEW 03

Market Analysis

Demographic Analysis

ACWORTH COMMONS

3

Page 4: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

ACWORTH COMMONS

4

INVESTMENT

OVERVIEW

Page 5: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

ACWORTH COMMONS

#

EXECUTIVE SUMMARY

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES

Due West United Methdst Church 1,400

Walmart 700

Kroger 403

Tug Technologies Corporation 384

Home Depot The 315

Atlanta Bonded Warehouse Corp 300

Northside Hospital Inc 287

Barnes Quality Signs Inc 250

Dionex Corporation 250

Pharmacy Resources Network 250

Publix 01077 250

US Post Office 221

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2017 Estimate Pop 5,138 50,328 130,414

2010 Census Pop 4,651 46,344 118,721

2017 Estimate HH 1,718 17,417 45,477

2010 Census HH 1,558 16,047 41,447

Median HH Income $78,877 $78,559 $79,079

Per Capita Income $32,567 $33,589 $35,459

Average HH Income $97,393 $97,039 $101,101

5

MAJOR TENANTS

TENANT GLA LEASE EXPIRATION LEASE TYPE

Staples 20,597 11/30/2022 NNN

Page 6: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

ACWORTH COMMONS

OFFERING SUMMARY

▪ Located in Affluent Suburb of Atlanta

▪ Anchor Tenant Recently Extended Option Early

▪ Shadow Anchored by Kohls

▪ 100% Occupied

▪ 144,275 People Within 5 Miles

▪ Average Household Income Over $78,000

INVESTMENT HIGHLIGHTS

Marcus & Millichap is pleased to present Acworth Commons, a retail shopping center located in Acworth, Georgia, part of the Atlanta MSA. The subject property is

comprised of 34,949 square feet, sits on an approximately 3.84 acre lot and was constructed in 2002.

Acworth Commons is anchored by Staples which comprises 20,597 square feet. Staples extended their lease last year by executing an early five-year option along with

making several tenant improvements including new parking lot lighting and paving and new HVAC units.

There are six other tenants on the property: Poblano's, a Mexican restaurant; Bubble Tea, a tea and coffee bar; Flowers West, a flower shop; Decor Antiques, an antique

store; Serene Nails, a nail salon; and Glitzy Chiks, a hair salon.

The property is situated along a main retail corridor and is adjacent to a Kohls and a Super Target. There are several other national tenants in thee immediate vicinity.

Acworth is a high end suburb of Atlanta with outstanding demographics; 144,275 within 5 miles; 55,638 people within 3 miles; and an average household income of over

$78,000 within 1 mile.

The property is 100% leased and has 100% historical occupancy. The property provides an opportunity for a qualified investor to acquire a stable performing asset in a

proven location in a growing market with outstanding demographics.

The property is being offered at an 8% cap rate on current income.

INVESTMENT OVERVIEW

6

Page 7: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

ACWORTH COMMONS

PROPERTY SUMMARY

OFFERING SUMMARY

PROPOSED FINANCING

First Trust Deed

Loan Type All Cash

THE OFFERING

Property Acworth Commons

Price $4,610,000

Property Address 3344 Cobb Pkwy NW, Acworth, GA

Assessors Parcel Number 20-0108-0-014-0

Zoning Commercial

SITE DESCRIPTION

Year Built/Renovated 2002

Gross Leasable Area 34,949 SF

Ownership Fee Simple

Lot Size 3.82 Acres

7

Page 8: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

LOCAL MAP

ACWORTH COMMONS

8

Page 9: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

AERIAL PHOTO

ACWORTH COMMONS

9

Page 10: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

PROPERTY PHOTO

ACWORTH COMMONS

10

Page 11: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

PROPERTY PHOTO

ACWORTH COMMONS

11

Page 12: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

ACWORTH COMMONS

12

FINANCIAL

ANALYSIS

Page 13: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

FINANCIAL ANALYSIS

ACWORTH COMMONS

PRICING DETAIL

13

Page 14: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

FINANCIAL ANALYSIS

ACWORTH COMMONS

OPERATING STATEMENT

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Page 15: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

FINANCIAL ANALYSIS

ACWORTH COMMONS

15

TENANT SUMMARY

Page 16: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

12

TENANT SUMMARYFINANCIAL ANALYSIS

ACWORTH COMMONS

16

Page 17: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

TENANT SUMMARY

#

Fiscal Year Ended January 28, 2017

Staples, Inc.

CREDIT RATING:

N.A.

www.fdreports.com | www.creditntell.com | July 29, 2017

PRICING AND VALUATION MATRIX

PROPERTY NAMEACWORTH COMMONS

PRICING AND VALUATION MATRIX

PROPERTY NAMEACWORTH COMMONS

17

TENANT SUMMARY

General Information

Address500 Staples Drive , Framingham, Massachusetts, 01702, United States

Phone 508-253-5000

Website www.staples.com

Store Base

Store Count 1,526

TTM Sales $17,908,000,000

Key Personnel

Chief Financial Officer Christine T. Koloma

Chief Executive Officer Sandy Douglas

Financial Markets

Stock Ticker PRIVATE

Current Price N.A. as of 10/29/18

52 Week High/Low $0.00 / $0.00

Page 18: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

ACWORTH COMMONS

18

MARKET

OVERVIEW

Page 19: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

MARKET OVERVIEW

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.

MARKET OVERVIEW

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.

ACWORTH COMMONS

Page 20: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

MARKET OVERVIEW

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%

ACWORTH COMMONS

Page 21: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

MARKET OVERVIEW

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%

ACWORTH COMMONS

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*:

Page 22: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

22

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. The area will receive the largest delivery of retail space this year among

submarkets. 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. A healthy retail sales base has underpinned strong net absorption,

which will drive vacancy to a seven-year low at year’s end and support rent growth.

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

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

investors and those from along the East Coast are particularly active,

primarily targeting assets near major thoroughfares in Gwinnett and Cobb

counties.

• Investors in the $1 million to $10 million price tranche are dominating

transaction velocity in Atlanta. Many buyers are attracted to convenience

retailers, like dollar stores, in areas with strong household growth. Investors

are also increasingly scrutinizing lease-terms for single-tenant assets.

• Cap rates for single-tenant properties have held steady, averaging in the

high-6 percent band the past three consecutive years. Little movement in

cap rates is pushing some risk-averse buyers to multi-tenant properties.

Class B centers are highly sought after with many buyers targeting assets in

Central Atlanta and Cobb County.

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:

Investment Trends

ACWORTH COMMONS

Page 23: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

23

• 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.

RENTS

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

ACWORTH COMMONS

Page 24: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

24

Competition Heightens for Retail Properties; Single-Tenant Prices Climb

Higher

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

Sales Trends

ATLANTA METRO AREA

• Multi-Tenant: The number of multi-tenant transactions has picked up considerably

during the past 12 months, with buyers targeting high-density areas with household

growth.

• Single-Tenant: Transactions for single-tenant assets also rose in the past four

quarters, up roughly 10 percent year over year. Healthy demand lifted the average

price up roughly 7 percent to $392 per square foot.

* Trailing 12 months through 1Q18 over previous time period

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

* Forecast **2017-2022

ACWORTH COMMONS

Page 25: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

25

• Fed raises benchmark interest rate, plans additional increases. The Federal Reserve

increased the federal funds rate by 25 basis points in late March, raising the overnight lending

rate to 1.5 percent. While the Fed noted the inflation outlook moderated recently, an upgraded

economic forecast including tax cuts and a regulation rollback strengthened growth

projections through 2020. As a result, the Fed has guided toward at least two more rate hikes

this year, while setting the stage for up to four increases in 2019.

• Lending costs rise alongside Fed rate increase. As the Federal Reserve lifts interest rates,

lenders will face a rising cost of capital, which may lead to higher lending rates for investors.

However, greater competition for loan demand has prompted some lenders to absorb some

cost increases. While higher borrowing costs may prompt buyers to seek higher cap rates, the

positive economic outlook should boost rent growth above inflation over the coming year.

• The capital markets environment remains highly competitive. While the Federal Reserve

has committed to tightening policy, other major central banks have maintained easing policies.

The downward pressure on rates from foreign central banks is counteracting greater

economic growth and wider government deficits, keeping demand for fixed-income

investments stable. Loan pricing resides in the mid-4 percent range with maximum leverage of

70 percent. Portfolio lenders will require loan-to-value ratios closer to 65 percent with interest

rates, depending on term, in the high-3 to mid-4 percent range. The passage of tax reform and

rising fiscal stimulus will keep the U.S. economy growing strongly this year, while limited new

construction and steady absorption will contain office vacancy near 14 percent.

* Through May 1st

Sources: CoStar Group, Inc.; Real Capital Analytics

ATLANTA METRO AREA

Capital Markets

ACWORTH COMMONS

Page 26: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

PROPERTY NAME

MARKETING TEAM

ACWORTH COMMONS

DEMOGRAPHICS

Source: © 2017 Experian

Created on October 2018

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Population 5,540 55,638 144,275

▪ 2017 Estimate

Total Population 5,138 50,328 130,414

▪ 2010 Census

Total Population 4,651 46,344 118,721

▪ 2000 Census

Total Population 3,870 32,838 85,229

▪ Current Daytime Population

2017 Estimate 5,287 46,972 109,825

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Households 1,895 19,543 51,166

▪ 2017 Estimate

Total Households 1,718 17,417 45,477

Average (Mean) Household Size 2.85 2.84 2.85

▪ 2010 Census

Total Households 1,558 16,047 41,447

▪ 2000 Census

Total Households 1,290 11,457 30,098

▪ Occupied Units

2022 Projection 1,895 19,543 51,166

2017 Estimate 1,749 17,879 46,820

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2017 Estimate

$150,000 or More 15.15% 14.85% 15.32%

$100,000 - $149,000 19.17% 19.88% 20.53%

$75,000 - $99,999 18.73% 18.01% 17.20%

$50,000 - $74,999 18.94% 18.03% 18.10%

$35,000 - $49,999 11.70% 10.08% 10.08%

Under $35,000 16.31% 19.16% 18.78%

Average Household Income $97,393 $97,039 $101,101

Median Household Income $78,877 $78,559 $79,079

Per Capita Income $32,567 $33,589 $35,459

HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 MilesTotal Average Household Retail Expenditure

$78,419 $77,682 $78,097

▪ Consumer Expenditure Top 10 Categories

Housing $20,833 $20,560 $20,759

Transportation $13,196 $12,967 $13,163

Shelter $11,489 $11,345 $11,472

Personal Insurance and Pensions $9,385 $9,587 $9,778

Food $7,348 $7,303 $7,339

Health Care $5,807 $5,618 $5,656

Utilities $4,826 $4,772 $4,805

Entertainment $3,051 $2,916 $2,949

Cash Contributions $2,582 $2,460 $2,466

Household Furnishings and Equipment

$2,176 $2,132 $2,153

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population By Age

2017 Estimate Total Population 5,138 50,328 130,414

Under 20 28.63% 29.94% 29.76%

20 to 34 Years 16.11% 17.43% 18.58%

35 to 39 Years 6.21% 6.62% 6.47%

40 to 49 Years 15.84% 16.74% 16.22%

50 to 64 Years 20.00% 18.93% 19.12%

Age 65+ 13.22% 10.33% 9.85%

Median Age 39.30 37.08 36.35

▪ Population 25+ by Education Level

2017 Estimate Population Age 25+ 3,368 32,154 82,666

Elementary (0-8) 2.13% 2.48% 2.10%

Some High School (9-11) 5.06% 5.00% 4.97%

High School Graduate (12) 22.20% 21.22% 21.67%

Some College (13-15) 25.03% 22.20% 21.92%

Associate Degree Only 8.43% 8.53% 8.06%

Bachelors Degree Only 21.87% 25.96% 27.33%

Graduate Degree 14.50% 13.50% 13.07%

26

Page 27: Atlanta MSA, GA...1 Investment Highlights Located in affluent suburb of Atlanta 8% on Current Income Anchor Tenant Recently Extended Option Early Over 130,000 people within 5 Miles

Income

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

$78,877, compare this to the US average which is currently $56,286.

The median household income for your area has changed by 28.27%

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

area will be $86,055 five years from now, which represents a change

of 9.10% from the current year.

The current year per capita income in your area is $32,567, compare

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

household income in your area is $97,393, compare this to the US

average which is $81,217.

Population

In 2017, the population in your selected geography is 5,138. The

population has changed by 32.76% since 2000. It is estimated that

the population in your area will be 5,540.00 five years from now,

which represents a change of 7.82% from the current year. The

current population is 49.24% male and 50.76% female. The median

age of the population in your area is 39.30, compare this to the US

average which is 37.83. The population density in your area is

1,635.18 people per square mile.

Households

There are currently 1,718 households in your selected geography. The

number of households has changed by 33.18% since 2000. It is

estimated that the number of households in your area will be 1,895

five years from now, which represents a change of 10.30% from the

current year. The average household size in your area is 2.85 persons.

Employment

In 2017, there are 2,326 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

72.29% of employees are employed in white-collar occupations in

this geography, and 27.56% are employed in blue-collar occupations.

In 2017, unemployment in this area is 6.77%. In 2000, the average

time traveled to work was 38.00 minutes.

Race and Ethnicity

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

71.27% White, 17.83% Black, 0.17% Native American and 4.00%

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 8.37% of the current year

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

17.88%.

PROPERTY NAME

MARKETING TEAM

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Housing

The median housing value in your area was $200,691 in 2017,

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

1,137 owner occupied housing units in your area and there were 152

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

time was $896.

Source: © 2017 Experian

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