881 Ridgewalk Pky - Storefront FOR SALE


Woodstock, GA 30188
$6,550,000 USD
404-384-3330
881 Ridgewalk Pky, Woodstock, GA for Sale
$6,550,000 USD
Storefront - FOR SALE
1/5
null | 6.17% Cap Rate

881 Ridgewalk Pky
Woodstock, GA 30188


HIGHLIGHTS

  • FRONT DOOR POSITION AT A DOMINANT REGIONAL DRAW - THE PROPERTY SITS AT THE ENTRANCE TO THE OUTLET SHOPPES AT ATLANTA, A 370K SF OUTLET CENTER
  • EXPLOSIVE TRADE-AREA GROWTH - HUNDREDS OF NEW RESIDENTIAL UNITS IN THE IMMEDIATE AREA
  • ANCHORED BY LONG-TERM RESTAURANT COMMITTMENT - MARLOW'S TAVERN HAS OPERATED AT THE PROPERTY SINCE 2015
  • INFRASTRUCTURE TAILWINDS - GDOT & CITY OF WOODSTOCK I-575/RIDGEWALK PARKWAY CONVERSION IN PROGRESS
  • 100% LEASED TO A DAILY NEEDS & SERVICES BASED TENANT ROSTER

OVERVIEW

881 Ridgewalk (the “Property”) is a 9.6K SF, five-tenant retail center positioned at the front door of The Outlet Shoppes at Atlanta at the I-575/Ridgewalk Parkway interchange (Exit 9) in Woodstock, Georgia. Constructed in 2014 as part of the master-planned Ridgewalk commercial district, the Property occupies an entry-corner, outparcel-style position along the primary approach into a 370K SF outlet center featuring nearly 100 national brands — the closest outlet center to downtown Atlanta — with a 154K SF Costco anchoring the opposite side of the corridor. The Property is 100% leased to a complementary, internet-resistant mix of national, franchise, and proven local operators: Marlow's Tavern, AT&T, Rock N Roll Sushi, Pigtails & Crewcuts, and SoHo Nail Bar. Four of the five tenants have operated at the Property since 2015–2016, evidencing roughly a decade of sustained sales performance across market cycles. The rent roll is anchored by Marlow's Tavern — an Atlanta-based, full-service tavern group representing 36.5% of GLA and 40.5% of base rent — committed through June 2035, while Rock N Roll Sushi executed a fresh 10-year lease in December 2024 running through 2034. All five leases are triple-net with pro-rata expense reimbursement, producing 2026 in-place NOI of $400,552 against a 6.5-year weighted average lease term, with 67% of base rent contractually committed beyond 2031.

FOR SALE DETAILS

PRICE

$6,550,000 USD

PRICE/SF

$682 USD /SF

CAP RATE

6.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

Commercial

APN/PARCEL ID

015N17-00000-001-00P-0000

ASK ABOUT THIS PROPERTY

John HarrisonHarrison Properties, LLC.More Info
404-384-3330

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John HarrisonHarrison Properties, LLC.More Info
404-384-3330

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