Absolute Auction, Atlanta Msa Land
Marietta, GA 30066
Cobb County, Georgia
Land Description
Walmart Adjacent Land - Atlanta MSA 1.45 Ac
Investment Highlights
±1.458 AC outparcel to Walmart and Dollar Tree Shopping Center in Marietta, Ga.
Nearby traffic driving tenants include Publix, Dick's, Barnes & Nobles, Macy's, Home Depot, Party City, and others.
Adjacent economic generators including Edison Chastain and Prologis business park with corporate tenants VanDerLande Industries, Chrysler, Hyundai, Thyssenkrupp Elevator Atlanta, Home Depot Call Center, and many more.
Zoned CRC (Community Retail Commercial) allowing for flexible commercial uses.
Affluent Atlanta suburb with 2021 population of ±177,123 and average household income of (5-mile radius)
Easy accessibility; located on Chastain Meadow Pkwy NW with ±13,100 Vpd, ±0.5-Mi from I-575 with ±77k VPD and just ±1-mi from I-75 with ±120K Vpd
Absolute Auction - NO Reserve
Offering Details
CBRE and are pleased to present a ±1.458 AC land parcel located near 2769 Chastain Meadows Pkwy NW (the "Property") in Marietta, Georgia. This Walmart outparcel offers investors a well-situated development opportunity in a dense market and First BID Meets Reserve.
The Property consists of a ±1.458-Acre Walmart outparcel positioned at the entrance to Town Center Market (Home Center Village), a ±300,000 SF retail shopping center. Co-tenants within Town Center Market include Walmart, Dollar Tree, Game Stop, Goodwill, Cato Fashions, Workout Anytime, and Burger King. Other nationally recognized tenants surrounding the Property are Publix, Dick's, Barnes & Nobles, Macy's, Home Depot, Party City, and Buffalo Wild Wings further driving consumers to the area. Zoned Crc, Community Retail Commercial, this commercial development site offers favorable flexible zoning that allows for a variety of uses. The Property offers potential investors the ability to acquire raw land with significant value-add through development and long-term lease up.
Located ±20 miles northwest of Downtown Atlanta, the city of Marietta is the county seat of Cobb County, Georgia's third largest county with over 750,000 citizens. The City of Marietta, Georgia, is a full-service municipality distinguished by its unique history, sense of community and modern quality of life. The Property is positioned within a dense, well-established trade area within greater Atlanta just ±20 minutes from Downtown Atlanta. The Property offers excellent accessibility and is also positioned on Chastain Meadow Pkwy NW with 13,100 Vpd. The Property benefits from its location in a high traffic area with 76,700 vehicles per day on I-575 (±0.5-Mi) and 120,000 vehicles per day on I-75 (±1-Mi). The Property's location offers excellent real estate fundamentals within robust trade area and extremely dense and compelling demographics with a 2021 population of ±177,123 and an average household income of (5-mile radius). The Property is located in a desirable suburban Atlanta location in a thriving area that has benefited from a population growth of ±8.98% from 2010-2021 and will continue to benefit from a population that is expanding at a rapid pace, with 2% growth projected by 2025 (5-mile radius).
