Property Listing No Longer Available for Sale

3655 Cherokee Street, Kennesaw, GA

Shopping Center for Sale - $3,500,000 - 26,650 Sq. Ft. on 3.43 acres


Property Info

CIMLS#957151
Location
  3655 Cherokee Street
  Kennesaw GA 30144
UpdatedJanuary 16th, 2018
TypeShopping Center
Price$3,500,000
Building26,650 Sq. Ft.
Land3.43 acres

Property Description

Shiloh Place is a 90% leased 26,650 square foot unanchored strip shopping center on 3.43 acres zoned neighborhood commercial in the City of Kennesaw. Two tenants representing over 50% of the annual rent have between 5 and 8 years of lease term remaining. The remaining tenant mix is service businesses or destination specialty retailers serving the 65,000+ population with average household income of $77,000+ within a 3 mile radius. Currently, two vacant units with 1,000 SF and 1,500 SF offer upside on leasing.

The property is adjacent and has connectivity to the 245 unit West 22 garden style apartment complex completed in 2013. Retailers within a 1/4 mile include Kroger, Home Depot and Starbucks.

The property has 170+ feet of frontage and a dedicated turn lane from the four lane undivided Cherokee Street which connects Interstate 75 to downtown Kennesaw and has a 16,000+ traffic count. Interstate 75 is within six minutes and the Kennesaw State University campus in within 9 minutes.

Location Description:

The property has 170+ feet of frontage and a dedicated turn lane from the four lane undivided Cherokee Street which connects Interstate 75 to downtown Kennesaw and has a 16,000+ traffic count. Interstate 75 is within six minutes and the Kennesaw State University campus in within 9 minutes.

Highlights:

>> 90% leased retail center

>> Largest tenants have 5-8 years of term

>> Upside on leasing vacancy

>> Near Kennesaw State University campus

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Financials