881 Ridgewalk Pkwy, Woodstock, GA for sale

Investment Overview

881 Ridgewalk (the “Property”) is a 9.6K SF, five-tenant retail center positioned at the front door of The Outlet Shoppes at Atlanta at the I-575/Ridgewalk Parkway interchange (Exit 9) in Woodstock, Georgia. Constructed in 2014 as part of the master-planned Ridgewalk commercial district, the Property occupies an entry-corner, outparcel-style position along the primary approach into a 370K SF outlet center featuring nearly 100 national brands — the closest outlet center to downtown Atlanta — with a 154K SF Costco anchoring the opposite side of the corridor. The Property is 100% leased to a complementary, internet-resistant mix of national, franchise, and proven local operators: Marlow's Tavern, AT&T, Rock N Roll Sushi, Pigtails & Crewcuts, and SoHo Nail Bar. Four of the five tenants have operated at the Property since 2015–2016, evidencing roughly a decade of sustained sales performance across market cycles. The rent roll is anchored by Marlow's Tavern — an Atlanta-based, full-service tavern group representing 36.5% of GLA and 40.5% of base rent — committed through June 2035, while Rock N Roll Sushi executed a fresh 10-year lease in December 2024 running through 2034. All five leases are triple-net with pro-rata expense reimbursement, producing 2026 in-place NOI of $400,552 against a 6.5-year weighted average lease term, with 67% of base rent contractually committed beyond 2031.

Investment Highlights

• FRONT DOOR POSITION AT A DOMINANT REGIONAL DRAW - The Property sits at the entrance to The Outlet Shoppes at Atlanta, a 370,000 SF outlet center with nearly 100 national brands (Nike, Coach, Michael Kors, Saks OFF 5TH), the closest outlet center to downtown Atlanta. A 154,000 SF Costco anchors the opposite side of the Ridgewalk corridor.
• STAGGERED ROLLOVER PROFILE - Only one lease (AT&T, 17.7% of GLA) expires before 2031, providing near-term mark-to-market optionality while preserving durable term — 67% of base rent is contractually committed beyond 2031.
• INFRASTRUCTURE TAILWINDS - GDOT and the City of Woodstock are converting the I-575/Ridgewalk Parkway interchange into a diverging-diamond configuration, expanding capacity at the Property's front door and preparing the corridor for continued commercial development.
• EXPLOSIVE TRADE-AREA GROWTH - Woodstock's population has grown from approximately 23,900 (2010) to roughly 40,000 today, and the Ridgewalk corridor is absorbing hundreds of new residential units at The Heights at Ridgewalk and Sutton Row (290 units, delivering 2026–2027), part of the 200-acre Buice Lake master plan.
• ANCHORED BY LONG-TERM RESTAURANT COMMITTMENT - Marlow's Tavern - 36.5% of GLA and 40.5% of base rent - has operated at the Property since its 2015 opening and is committed through June 2035, evidencing more than a decade of proven sales performance at this location. Rock N Roll Sushi executed a new 10-year lease in December 2024, running through 2034.