DEALS

Deals

Cascade Citi Center – Atlanta, GA

The Palomar Team is pleased to exclusively offer Cascade Citi Center for Sale. Cascade Citi Center is a 110,000sf Kroger anchored shopping center in Atlanta, GA. Kroger has over 44 years of operating history here with extremely strong sales. The center is located at the intersection of Cascade Ave and Donnely Ave. It is located just Southwest of Downtown Atlanta in the historic “West End.” The shopping center is steps away from the Atlanta Beltline, the most comprehensive transportation and economic development effort ever undertaken in the City of Atlanta and among the largest, most wide ranging urban development programs currently underway in the United States.

 

INVESTMENT DETAILS:

  • Address: 590 Cascade Ave, Atlanta, GA 30310
  • Year Built: 1973
  • Year Renovated: 1997
  • NOI: $709,000
  • Price: Market to Determine
  • Occupancy: 100%
  • Square Feet: 110,000
  • Site Size: 8.50 acres
  • Tenants: Kroger, dd’s Discounts, Ross, American Deli, T-Mobile, Papa Johns
  • Debt: Free and Clear

 

PROPERTY HIGHLIGHTS:

  • Strong Kroger Sales with Continual Positive Growth Trends
  • Kroger Health Ratio of 1.57%
  • Little Short Term Tenant Rollover
  • Significant Investment from City of Atlanta into the West End
  • National Tenant Line-up

 


Executive Summary
Cascade Citi Center Video