DEAL OVERVIEW:

Equity Street Capital and our partners at Big V Properties are purchasing Johns Creek Town Center, a 303,297 sq ft retail shopping center in Suwanee, GA, a thriving suburb of Atlanta, GA.

Why We Like This Deal:

• Excellent Market and SubMarket – Johns Creek Town Center is located in the #2 suburbs in the entire state of Georgia. The average household income is over $177,000 within a 10 mile drive of the property which is the highest household income in our entire shopping center portfolio.
• Very High Occupancy with Great Tenants – The shopping center is 99% occupied filled with strong national credit companies who are in long term leases. Tenants include Sprouts Supermarket, Homegoods, Kohls, Petsmart, Dollar Tree, restaurants, and more which make this center attractive for all types of visitors.

  Because of limited availability for commercial space of this quality in the submarket there is a wait list of tenants hoping to get space in this center which allows us to keep high occupancy rates with competitive rent per square foot.

• Attractive Purchase Price & Debt – This property is being acquired off market from a motivated REIT seller at a very attractive 8.15 CAP rate which is significantly below replacement cost.
• Fixed Rate Debt – we will be utilizing 5 year fixed rate debt which provides resiliency against future ups & downs of the market.

PROJECTED RETURNS: