Promenade at Jones Bridge
Closed9945 Jones Bridge Rd, Alpharetta, GA 30022
$8,700,0001 units38,330 SF
Retail2005
Property type
Retail
Unit / Space count
1
Price
$8,700,000
Building size
38,330 sf
Rentable area
38,330 SF
Year built
2005
Year renovated
Occupancy
Zoning code
Lot size
6.95 Acres
Sold/status
Sold · Date unknown
Sale price
$8700000
CAP
6.79%
Property description
This property is under contract. Please contact Bryan Belk with any questions.
Property highlights
- The subject property is a 38,312 unanchored retail offering located in a dense and affluent suburb of North Atlanta
- Promenade at Jones Bridge is 95% leased and includes a unique mix of restaurant, service, & gym tenants servicing the local area
- The current mix of tenants is reflective of necessary and E-Commerce resistant uses that service a dense and affluent suburban area
- The property has been a staple of the local community and has boasted consistent occupancy levels over its history with a steady rise in rents overtime
- Promenade at Jones bridge is located on the high traffic corridor of Jones Bridge Road (22,900 VPD)
- Signalized Intersection, excellent visibility & frontage to Jones Bridge Road, 3 points of ingress/egress with turning lanes at each point, & non-median bound
- The property is a neighborhood shopping center positioned in a dense suburban pocket with limited competition in the surrounding area
- Alpharetta has been an epicenter of redevelopment and features many “destination entertainment” spots such as Downtown Alpharetta with over 50 shops, restaurants, and hotels.
- The asset is located four miles from the Avalon, an 86-acre recent development in the heart of Alpharetta that features 500,000 square feet of retail, a 12-screen all premium theater, conference center and full-service hotel, Class A office, single-family residences, and luxury rental homes.