1155 Ernest W Barrett Pky NW - Retail FOR SALE


Kennesaw, GA 30144
$17,953,000 USD
510-289-1166
1155 Ernest W Barrett Pky NW, Kennesaw, GA for Sale
$17,953,000 USD
Retail - FOR SALE
1/4
null | 6.2% Cap Rate

1155 Ernest W Barrett Pky NW
Kennesaw, GA 30144


HIGHLIGHTS

  • Fully Leased Multi-Tenant Retail Buildings - 2024 Construction
  • All Tenants on 10+ Year Leases
  • Prominent Retail Node in Northern Atlanta – Low Submarket Vacancy of 3%
  • Leading Commercial Node Regionally & Nationwide – Ranked #2 in Georgia & Top 2% in the Nation
  • Near Kennesaw State University – 50,000+ Students & Staff
  • Strategically Situated Between Major Atlanta MSA Arterials | Interstate 75 & 575 | 301,770 AADT

OVERVIEW

The subject property is prominently located in northwestern Cobb County in the City of Kennesaw. The site has excellent access and visibility along Ernest W Barrett Parkway NW (55,500 AADT) adjacent to its junction with Cobb Pkwy/U.S. Route 41 (42,000 AADT), Northwest Atlanta’s busiest retail corridor, with an extended trade area reaching over 50 miles. A total daytime population of 206,104 and average household income of $135,257 with over 51% of households making over $100,000 annually within a 5-mile radius contribute to the robust demographics. Kennesaw has experienced a population growth rate of approximately 8.4% over the last ten years, surpassing Cobb County’s overall growth rate of 7.4%, which underscores the city’s growing appeal as a top Atlanta suburb. The site benefits from a prominent retail location in close proximity to shopping centers and major retail tenants. Adjacent to the site is Kennesaw Marketplace, the 2nd most visited neighborhood center in Georgia, which is anchored by Whole Foods (#3 visited store in GA). Barrett Pavilion is adjacent to the site, with anchor tenants including Target and Total Wine & More, the #1 most visited location in Georgia. Also adjacent to the site is Cobb Place, anchored by DSW and Whataburger; and Barrett Crossing, anchored by Floor & Decor. 2 miles from the site is Town Center Plaza which is anchored by T.J. Maxx(#3 visited store in GA and #30 in the nation), and Marshalls (#2 visited store in GA). Also within 2 miles from the site are Town Center at Cobb, an established two-tory mall highlighting 170 retailers including Macy’s; and Barrett Parkway, anchored by Publix. Other neighboring retailers include Walmart, Costco, LA Fitness, Tesla, and Carl Black Chevrolet Buick GMC. *This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$17,953,000 USD

PRICE/SF

$956 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

GC

APN/PARCEL ID

20-0208-0-038-0

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.