The Brookwood Marketplace was originally developed in 2009 on 1.6± acres in the most-desired Midtown/South Buckhead market. The subject property is a condominium interest comprised of the ground floor Master Commercial units 100% occupied with four tenants and totaling 19,083± SF GLA plus 194 dedicated parking spaces. The ground floor retail serves as the amenity base for an 18-story, 219-unit luxury condominium and surrounding neighborhood, including Piedmont Hospital, which employs 5,000 workers.
The subject property is exceptionally well-located on Peachtree Street (45,000 VPD)—one of Atlanta’s main thoroughfares—and is roughly halfway between the hearts of Buckhead and Midtown. More than 171,087 people live within a three-mile radius of the property, with average household incomes exceeding $127,180. Piedmont Atlanta Hospital, one of the region’s top hospitals, is 200 yards away. Staffed by more than 1,000 physicians and 4,000 healthcare professionals, the 643-bed hospital is currently underway on a 10-year expansion project at a cost of $600+ million.
The Brookwood Marketplace is fully leased to three restaurant tenants, all with outdoor patio seating, and My Salon Suite, a hair salon with more than 100 locations across North America. Advantageous ingress/egress from two sides (with traffic light) and covered portico/parking provide convenience, shade and shelter in all weather.
Affluent demographics: 171,087± people and average household incomes exceeding $127,180 within a 3-mile radius.
Trophy property and location in the heart of the Brookwood retail corridor. Strategically designed ground floor retail below 219 luxury condos at the busy, signalized intersection of Peachtree Road and 28th Street.
Abundant parking with 194 spaces, owned and delineated for the exclusive benefit of the Master Commercial units, providing 10.5 parking spaces per 1,000 SF of GLA, and the opportunity for a future revenue stream.
Positioned with a Peachtree Road address and visibility, this four-tenant (3 restaurants and 1 hair salon) offering gives investors a once in a lifetime opportunity to own some of the best retail in the entire Metro Atlanta MSA.
Located centrally between Buckhead (23M SF of office space) and Midtown (15.5M SF of office space), the property has activity 24 hours a day, 7 days a week.
Generous patio seating for all restaurant tenants is advantageous in a warm, temperate climate like Atlanta, especially as more diners turn to Al Fresco dining on the heels of the pandemic.
Conservative market rents provide future upside for next owner.
