Campbellton & Riverside Offering Memorandum

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EXECUTIVE SUMMARY

Ackerman & Co. is pleased to exclusively represent the seller in presenting the opportunity to acquire land for commerical development in one of the fastest-growing retail hubs in the City of South Fulton. A limited-time opportunity to obtain a well-positioned 2.69 acre parcel at Campbellton Rd and Riverside Dr. The hightraffic intersection can be acquired in whole, or as one of three separate and independent outparcels.

OFFERING OVERVIEW

Offering Price $1,649,000

Total Size: 2.69 AC ($613,00/acre)

Highest and Best Use: Single Tenant Retail Multi-Teanat Retail Medical/General Office

INVESTMENT HIGHLIGHTS

• Directly across street from Publix-anchored Sandtown Crossing Shopping Center

• Heavily traveled Campbellton Road with 27,595 AADV

• 1-mile from Fulton Industrial Blvd, one of the top metro Atlanta industrial employment district

• Demographics (3-miles): Population of 22,753 and an average household income of $108,370

• A short walk to 81-acre Campbellton Creek Nature Preserve Park

• Adjacent to new 300-unit multifamily development

• Over 1,200+ multifamily and senior-living residential units planned within a 1-mile radius

PROPERTY DESCRIPTION

Property Address Campbellton Road & Riverside Drive Atlanta, GA 30331 | South Fulton

Land Area 2.69 acres

County South Fulton

Zoning MIXED

Frontage 140 feet

Utilities Public

Parcel 14F0118LL0708

AERIAL MAP - ZONING

SEC. 206.05 MIXED USE ZONING DISTRICTS; PURPOSE

(a) MIX Mixed Use District

1. Intent. The MIX District is intended to encourage flexible, innovative and creative concepts in site planning and efficient use of land and to provide a stable multiple use environment compatible with surrounding uses. The MIX District is particularly encouraged in areas designated by the Comprehensive Plan Future Land Use Map as suitable for commercial (including retail, service commercial and office) uses and in Live-Work corridors.

2. Allowed uses. See Table 2-4 of this Article for allowed Principal Uses and restrictions that apply to particular uses. The MIX District also mandates a residential component of single-family dwellings, duplexes, triplexes, quadruplexes, townhouses, multifamily dwellings or any combination thereof along with at least two of the following: commercial, office or institutional uses.

To read the full zoning detail visit

https://library.municode.com/ga/south_fulton/codes/code_of_ordinances?nodeId=PT2COOR_APXCZO_ART2USLA_S206ZODI_S206.05MIUSZODIPU

SURVEY - OUTPARCELS (PROPOSED)

MARKET OVERVIEW

SOUTH FULTON SUBMARKET

Located in the South Fulton/Union City submarket, the subject property benefits from its proximity to Hartsfield-Jackson Atlanta International Airport – the world’s busiest airport –easily accessible within a 15 to 20 minute drive. The submarket includes the city of South Fulton, which is home to more than 108,000 residents and features bustling business districts on Roosevelt and Old National Highways and communities with rich histories such as Red Oak, Campbellton and Sandtown.

In addition to its busy retail corridors – including Camp Creek Parkway located just east of the subject property – the submarket is situated within one of the most dynamic industrial hubs in the country, which continues to attract major retailers and logistics providers that use this area as a spoke in their regional and national distribution networks.

The vacancy rate of 2.5% in this retail area has been roughly in line with the five-year average as of early first-quarter 2023, and they were essentially unchanged from 2022. The rate also comes in below the region’s average. Meanwhile, rents have surged in the past 12 months, growing by 8.2% year over year, representing the strongest rate of annual rent growth observed over the past five years.

Although roughly 98,000 SF of retail space has delivered over the past three years, there are no projects currently underway in the submarket, which is a very liquid investment market characterized by heavy trading.

SOUTH FULTON DEMOGRAPHICS

LAND COMPARABLES