68 N Marietta Pkwy NW Marietta, GA 30064
- Retail space
- 19,070 SF
- 0.80 lot acres
Current Use by Public Records
- Tiny Bubbles Tea Bar at the Marietta Square Market / Cafe & Coffee Shop
- Lucky's Burger & Brew Marietta / Restaurant
- PITA Mediterranean Street Food-Marietta Square / Restaurant
- PONKO Chicken Marietta Square Market / Restaurant
- Shai Karr Eatery / Restaurant
Property Details for 68 N Marietta Pkwy NW
- Year built
- 1966
- Lot size
- 0.80 lot acres
- Property size
- 19,070 SF
- Zone code
- CBD
- Property type
- Retail space
- APN
- 16121810140
- APU
- 16121810140
Description
This exceptional investment opportunity presents the chance to acquire Marietta Square Market, a vibrant 18,925 square foot food hall located at 68 North Marietta Pkwy NW, Marietta, GA 30060. Built in 1996 and extensively renovated in 2019, this multi-tenant property boasts 20 units totaling 12,540 net rentable square feet and currently enjoys 100% occupancy. The property benefits from a strong location just off the historic Marietta Square, a bustling live-work-play destination in Cobb County with an average household income exceeding $103,000 within a one-mile radius and over 73,000 vehicles passing daily. The property's success is evident in its impressive sales, nearing $12 million annually, translating to nearly $1,000 per square foot. This adaptive reuse project, winner of multiple marketing and branding awards, benefits from a strong online presence and enjoys exceptional synergy among its carefully curated tenants. The property operates under a NNN lease structure and sits on separately owned land with a long-term ground lease extending until 2093, including options. Further enhancing the property's value is the upcoming development of 122 multi-family units directly adjacent to the property. The current Net Operating Income (NOI) stands at $793,509. This is a rare opportunity to acquire a high-performing, award-winning food hall in a prime suburban Atlanta location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,425,000
- ML approach
- $2,970,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,926,000
Market price range: $719k - $2.09M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,780,000 Current use
- OFFICE BUILDING
- $3,000,000 Change: +8% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,980,000 Change: +7% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,920,000 Change: +5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Marietta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.5515
- Latitude
- 33.9543
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA