Ellard Village
Closed8470 Holcomb Bridge Rd, Alpharetta, GA 30022
Property type
Retail
Unit / Space count
31
Price
$13,740,000
Building size
70,269 sf
Rentable area
70,269 SF
Year built
2000
Year renovated
Occupancy
Zoning code
Lot size
5.70 Acres
Sold/status
Sold · Date unknown
Sale price
$13740000
CAP
8.00%
Property description
Franklin Street is pleased to present Ellard Village in Alpharetta, Georgia. Alpharetta is an affluent northern suburb of the Atlanta MSA which includes 6.5M residents. Alpharetta is regularly ranked as one of the "Best Places to Live" by Forbes and the #1 City to relocate to. Alpharetta has become a technology hub with offices for AT&T, Verizon, McKesson, Equifax, Etrade, Microsoft, LexisNexis, among others. Ellard Village is a 70,269 SF mixuse center anchored by a CVS, with a strong synergy of daily use operators including fitness studios, restaurants, beauty salons, and offices which keeps residents coming to the property. The property is located on the heavily traveled Holcomb Bridge Road, which has 54,000 VPD. The area surrounding the property is one of the most affluent in the state of Georgia with $148,000 average household incomes, which supports the local businesses. National retailers surrounding the site include: Kroger, Goodwill, OrangeTheory, Studio Movie Grill, The Zoo Health Club, Starbucks, Chick-fil-A, among many others.
Property highlights
- 70,269 SF Mixed-use center in Atlanta MSA
- Affluent Atlanta suburb: $148,000 Average household incomes
- Strong mixture of daily use operators
- Excellent visibility on Holcomb Bridge: 54,000 VPD
- 94.57% leased with strong leasing momentum
- High-end construction: 2007 construction costs for the buildings: $300 PSF
- Alpharetta is ranked as the 6th fastest growing city
- 66% of Alpharetta’s residents own a bachelor’s degree or higher, which is more than double the national average