PRIME LOCATION & GENERATIONAL REAL ESTATE
in the Heart of Buckhead
Property Name:
The Shops Buckhead Atlanta
Address:
3035 Peachtree Rd, Atlanta, GA 30305
Retail SF:
229,335 SF
Office SF:
124,834 SF
Occupancy:
85%
Office WALT:
9.1 Years
(BUCKHEAD SUBMARKET)
$142,000
household income
$7.15 Million 2017 Record Home Price
124,000
ROSWELL R
D. | 23,4 00
VPD
population
74% Bachelor’s Degree or Higher
65,000
households
Surrounded by Atlanta’s most affluent neighborhoods and Buckhead’s 23.8M SF Office Market, The Shops Buckhead Atlanta serves the top demographics in the Southeast. The Property’s irreplaceable location is strategically positioned along Peachtree Rd. - Atlanta’s most prestigious address. The demographic fundamentals and in-fill nature of the Property position The Shops Buckhead Atlanta to attract top local, national, and international tenant prospects.
$9.2 Billion Buying Power
WITHIN
3 MILES
150 Rooms | $368 ADR 53 Penthouse Condos +/- $4M Condo Price
2
2
N
THE THOMPSON HOTEL $80M Hotel Development 200 Rooms | 1H-2019
VPD
57 Condos $1.5M - $4M Dec-2019
PH AR R
PE AC HT RE ER
ES PAC
RD . | 13,9 00
D
VP 00 2 , 18 .| RD Y R FER
D, | 4 1,2 0
0V PD
DINE
LIVE
WOR
3
RK
3
BEST IN CLASS MIXED-USE PROJECT The Shops Buckhead Atlanta is the centerpiece of Buckhead - offering unique restaurant concepts, best-in-class retail brands, creative office, and unparalleled amenities. Recently constructed in 2014, the best-in-class materials and timeless architecture of The Shops Buckhead Atlanta have served as the catalyst for the emerging and recently constructed developments which surround the Property.
94
The seamlessly integrated and carefully planned streetscape provides maximum walkability – the highest of any mixed-use asset in Atlanta, and in turn optimizes the productivity of each component. The connectivity of The Shops Buckhead Atlanta positions retailers and restaurants for continued success by allowing them to capitalize on the densification of Buckhead.
WALK SCORE
Higher than any other
location in Atlanta
BUCKHEAD SUBMARKET STATISTICS
HOTEL KEYS
2,000+
RETAIL SF
11.7 M
OFFICE SF
23.8 M
RESIDENTIAL UNITS
28,000
SHOP
SHOP WO
LOCALLY | NATIONALLY | GLOBALLY RE The Shops Buckhead Atlanta is comprised of highly notable retail and office tenants.
LUXURY AND UPSCALE SHOPS & RETAIL
RESTAURANTS
ENTERT
24% 14 RESTAURANTS OF INCOME STREAM AVG. RESTAURANTS SALES OVER $600 PSF
4
ORK DINE
ECOGNIZED TENANCY
TAINMENT
4
FITNESS
CREATIVE OFFICE GLOBAL HEADQUARTERS
THE FIRST U.S. CONCEPT CO-WORKING LOCATION
LIVE RESIDENTIAL MOMENTUM
The Shops Buckhead Atlanta’s “main & main” location continues to benefit from the growing customer base residing in newly constructed residential developments and further densification surrounding the Property. The below timeline details the delivery of approximately 5,200 apartment and condo units in a ¼ mile radius.
Total MF Unit
4,111
3 CAMDEN PACES
A ST. REGIS CONDOS
379 Units
53 Units
4 RESIDENCE BUCKHEAD ATLANTA 370 Units
B OVATION CONDOS 268 Units
C ECLIPSE
1 ELLE OF BUCKHEAD
D 325 PACES
2 92 WEST PACES
358 Units
273 Units
206 Units
5 CAMDEN BUCKHEAD SQU 250 Units
210 Units
‘04 - ‘08
2013
2014
2015
10 3
13
$3.5M - $4M Penthouse Condo Price Range
6
12 A
B
2
5
NEW RESIDENTIAL DEVELOPMENT OVERVIEW
ts
1
Avg. Apartment Rental Rate:
$2,200 - $2,500 / MONTH
8
GABLES BUCKHEAD
244 Units
141 Units
10 CAMDEN BUCKHEAD 365 Units
327 Units
11 MODERA BUCKHEAD 399 Units
9 HANOVER EAST PACES
UARE
5
F THE SUTTON
57 Units
353 Units
ALEXAN BUCKHEAD VILLAGE
1,083
E THE CHARLES
6 HANOVER BUCKHEAD VILLAGE 7
Total Condo Units
Weighted Avg. Condo Price: $1,500,000
12
375 Units
2017
13 GENTRY
61 NW IRBY AVE 275 Units
2018
291 Units
2019 5
2020
8
$1.5M - $4M
Condo Price Range
9
D
E
7
4 C
1
11
$500K - $1.5M F
Condo Price Range
VALUE - ADD DEVELOPMENT OPPORTUNITIES
2 PRIME IN-FILL Development Sites
Investors are presented with the rare opportunity to acquire two (2) prime development sites that integrate into the Buckhead Atlanta and greater Buckhead Village micromarket. The exisiting zoning provides for maximum flexibility on uses under a 225 ft. height restriction. These development parcels represent a significant value-add opportunity to enhance the use and returns of the Project.
SIGNIFICANT VALUE enhancement potential through development of Parcels
Upgrade & continue to attract
THE BEST tenant mix
The Office Buckhead Atlanta (Rendering) Development Parcel F
6
6
DEVELOPMENT PARCEL D DETAILS 315 BUCKHEAD AVE. NE
2.7 FAR
(BONUSES UP TO 8.2)
1.13 ACRES
FLEXIBLE ZONING ALLOWS FOR:
RESIDENTIAL & HOTEL USES HEIGHT LIMITATION
225 FEET
ZONED
SPI-9–SA1
(Includes most commercial uses)
DEVELOPMENT PARCEL F DETAILS 300 EAST PACES FERRY RD. NE
OFFICE
8.2 FAR
PROJECTED AT: 332,000 SF AT: RETAIL PROJECTED 38,500 SF
ZONED
HEIGHT LIMITATION
225 FEET
SPI-9–SA1
(Includes most commercial uses)
D, | 4 1,2 0
0V
PD
DEVELOPMENT PARCEL D
DEVELOPMENT PARCEL F H AC PE
EE TR
R
1.57 ACRES
ATLANTA INTERNATIONAL GATEWAY HOME TO THREE TIER-1 RESEARCH UNIVERSITIES
Metro Area for Lowest Cost of Doing Business
North American Metro Area for Competitiveness in the Transportation and Logistics Industry
KPMG
Site Selection Magazine
Most Traveled Airport in the World
Metro Area for Inc. 5000 Headquarters (Fast-Growing Companies)
Airports Council International
Inc. 5000
ATLANTA WELCOMED 53 MILLION TRAVELERS IN 2017 Tourists spend over 2x the normal consumer on retail
ATLANTA
$63.1 Billion economic impact in 2017
75
285
400
BUCKHEAD 85 75
402
MIDTOWN
20
DOWNTOWN 401
285
20
75
85 401
7
7
ECONOMIC POWERHOUSE
A hub for technology, healthcare, and logistics industries and home to 220 of the nation’s fastest-growing private companies (Inc. 5000)
15
4.7%
8.2%
FORTUNE 500 HEADQUARTERS
UNEMPLOYMENT RATE
POPULATION GROWTH (2012-2017) TO 5.8 MILLION
LOW TAX RATE ENVIRONMENT
6%
4%
Corporate Income Tax
Sales Tax Base Rate
ATLANTA SNAPSHOT
1-6% State Individual Income Tax
MANHATTAN, NY
COST OF LIVING INDEX COMPARISON
WASHINGTON, DC
BOSTON, MA
LOS ANGELES, CA
CHICAGO, IL
MIAMI, FL
DALLAS, TX
NATIONAL
US Metro Areas
ATLANTA, GA
$60K
MEDIAN HH INCOME
Atlanta created 55,600 jobs in 2017, which is seventh among all MSAs in terms of absolute growth. Furthermore, since 2010, jobs have grown at a blistering 21%, recovering nearly twice the jobs lost in the recession. These exceptional labor market fundamentals, coupled with a surging population, have led to Amazon shortlisting Atlanta for their coveted HQ2 project.
SITE PLAN C343
E3 A172
A170
A156 A159 A160 A150 A1 A1 61 A146 A1662 3 A166
G004
G005
G006
A102
A108 G109 G110 G111 G115 G117
A180
G124
G130
G133
G140
G132
G001
A104
A174
A151
G010 G008
C334
C330 C328
C317
C315 C312 C311 C310
C308 C307 C305 C304 C300
Lower Level
G140
C342
B B21 212 4 B21 5
B21 7 B21 8
B200
C001
C345
8
C324
B20
C322
9
C352
B20
C353
Level 2
CAPITAL BUILDING
28
C320
H2 B21 0
C351
H230 C200
E1
E2
BUCKHEAD LIBRARY
Office No. 18 G120
Pharr Road
Level 1
G140
A201 A208A Office No. 18
Office Spanx Terrace
A208B
Office Spanx G140
Office Spanx
G140
Level 2
Office Spanx
Office Spanx
G140
Office Spanx
Level 4
Level 3
TE N A NT RO ST ER Suite
Tenant
A102 A104 A108 A146 A150 A151 A156 A159 A160 A161 A162 A163 A166 A170 A172
To Be Leased Etro To Be Leased Shake Shack Cacao To Be Leased Tom Ford Amorino Gelato ATTOM Diptyque Robert Talbott To Be Leased NARS Tod's Akris
SF
Suite
Tenant
2,139 2,220 3,218 2,500 600 508 4,215 927 1,224 496 939 933 1,454 2,101 2,164
A174 A180 A201
To Be Leased Le Bilboquet Le Colonial
2,104 3,200 6,050
SF
A208A A208B
Gypsy Kitchen & Southern Gentleman
7,500
B200 B208 B209 B210 B212 B214 B215 B217 B218 C001
To Be Leased To Be Leased Bella Bag To Be Leased Christian Louboutin La Perla Moncler Brunello Cucinelli Jimmy Choo Flywheel
9,119 3,497 1,178 1,596 1,787 1,870 1,905 2,485 2,165 5,979
Suite C200 C300 C304 C305 C307 C308 C310 C311 C312 C315 C317 C320 C322 C324 C328 C330
Tenant Ferguson Hermes Vilebrequin Canali Joie Anne O Art Gallery Alice + Olivia Bella Cucina MM La Fleur Warby Parker Taverna Planet Blue L'Occitane Buckhead Art & Co To Be Leased To Be Leased
SF 13,183 4,100 827 2,095 1,498 2,461 1,564 3,337 2,558 2,045 4,305 3,227 2,725 3,380 1,798 3,511
8
R AR PH .| RD 0 ,90 13
D VP
8
Suite
Tenant
PH AR R
RO AD
RE TA IL
PEACHTREE RD, | 41,200 VPD
SF
Suite
Tenant
SF
Suite
Tenant
SF
Highland Yoga
1,813
Office Office TOTAL
Spanx No. 18
93,661 31,173
C334
Biltong Bar
6,358
G010
C342
Barry's Boot Camp
5,558
G109
Intermix
2,180
C343
To Be Leased
837
G110
Billy Reid
2,104
C345
Venetian Nail Spa
2,774
C352
Qing Mu/Doraku Sushi
5,449
C353
Georgetown Cupcake
2,675
E1
Fado
6,625
E2
Ligne Roset
3,370
E3
Groomed
668
G001
Southern Vein & Laser
4,905
G004
To Be Leased
2,189
G005
Savant Salon
904
G006
F45 Training
2,512
G008
Engel & Volkers
1,815
G111
To Be Leased
2,401
G115
Theory
2,603
G117
Bonobos
1,308
Current Tenant
G120
COS
6,273
To Be Leased
G124
To Be Leased
3,452
G130
To Be Leased
3,579
Not Included
2,589
G132
To Be Leased
G133
Davidoff
2,884
G140
American Cut
10,163
H228
Dior
5,026
H230
To Be Leased
8,351
354,169
Investment Advisors
RICHARD REID Senior Managing Director rreid@hfflp.com dir 404.942.2209
BARRY BROWN Senior Managing Director bbrown@hfflp.com dir 469.232.1968
JIM HAMILTON Senior Managing Director jhamilton@hfflp.com dir 404.942.2212
RALPH SMALLEY Managing Director rsmalley@hfflp.com dir 404.942.2214
RYAN CLUTTER Senior Managing Director rclutter@hfflp.com dir 704.526.2805
MIKE ALLISON Director mallison@hfflp.com dir 404.942.3195
ANALYTICAL SUPPORT
THOMAS NEALON Analyst tnealon@hfflp.com dir 404.942.2217 Capital Markets
TREY MORSBACH Senior Managing Director tmorsbach@hfflp.com dir 469.232.1909
SHEA PETRICK Analyst spetrick@hfflp.com dir 404.942.2223 ED COCO Senior Managing Director ecoco@hfflp.com dir 404.942.2207