Grocery-Anchored Retail

Woodlawn Point

Marietta, GA

Acquired June 2022

At a Glance

Well located in Marietta, GA, approximately 20 miles north of Atlanta; Marietta is a very desirable residential community, offering high quality of life, strong public schools, and great accessibility

Investment Rationale

  • Strong STARS score of 96%, driven by durable demographics from population density and above-average income levels.

  • Anchored by Publix, the dominant grocer in Georgia, expiring in 2033 (five 5-year extensions remaining). The Publix has achieved gross sales over their percentage rent breakpoint 8 out of the past 10 years.

  • Near-term expirations at the Property that are 10%+ below market at expiration, providing a great opportunity to mark rents close to market.

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