Asset Snapshot
Offering Summary
Investment Highlights
- A unique and rare opportunity to purchase a large, opportunistic asset with numerous avenues of value enhancement and redevelopment possibilities, in a strong and high growth market.
- Located less than 10 miles from downtown Atlanta, with excellent access and frontage within an active retail and commercial corridor, adjacent to I-20 and Candler Road.
- In-line sales for national tenants have consistently outperformed, with key tenants House of Hoops, Champs, DTLR and Jimmy Jazz performing at or above national averages.
- Included in the offering are three owned outparcel pads (Firestone, Metro PCS, and SunTrust Bank) in addition to an approximately 40,000 SF strip center.
- Excess land development: The Mall is located in a market where plots of land are suitable for a redevelopment project at a premium.
The Offering
Newmark and RealINSIGHT Marketplace are pleased to present to qualified investors the opportunity to acquire The Gallery at South Dekalb (the “Property” or “Mall”), a regional mall located less than 10 miles from downtown Atlanta in Decatur, GA. The Mall consists of approximately 618,370 square feet of gross leasable area (442,370 SF owned), situated on approximately 71 acres. This offering represents a unique opportunity to acquire a value-add Atlanta MSA located regional mall with strong in-place cash flow and numerous avenues of value enhancement.The Gallery at South Dekalb serves a population north of 909,000 residents within a 10-mile radius. The Mall benefits from its location within the thriving Atlanta-Sandy Springs-Alpharetta MSA, which continues to experience growing household incomes, robust population growth and low business costs. The opportunity to acquire The Gallery at South Dekalb presents a new owner with the option to maintain in-place cash flow while creating value through vacancy lease-up or pursue a greater redevelopment plan. The Atlanta-Sandy Springs-Alpharetta metro continues to undergo significant development and densification, paving the way for repositioning opportunities at The Gallery at South Dekalb.
Property Tours
Please contact the Newmark team to schedule a tour of the Property.
Due Diligence
Transaction Manager
Platform Fee
Buyer pays platform fee at closing.
5% or $25,000 minimum
How it Works
Learn about bidding, reserve prices, and closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
