1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt...

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FOR LEASE MAY BE SUBDIVIDED REDEVELOPMENT/ RETENANTING OPPORTUNITY 177,917± SF BIG BOX AVAILABLE ON 12.77± AC 2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022 Property Summary Property Description Aerials & Photos Signage Site Plan & Survey Demographics Demographic Maps Market Overview Legal Disclaimer Files for Download Contacts Leasing Guidelines CBRE is proud to announce this exciting big box leasing opportunity. Located in the East Village Shopping Center with Marshalls, Rack Room Shoes, Dollar Tree, Taco Mac and several small shop retail buildings. Nearby retailers include Marshall’s, Ross, HomeGoods, Babies R Us, Petco and Staples, Haverty’s and American Signature Furniture. Mall anchors include DKohl’s, Petco, Kroger, The Home Depot, and Office Depot. The SuperTarget building was built in 2008 and is in very good condition. It is zoned OI, by Fulton County, Georgia. We invite you to review this information package and make an offer on this property. Cover Page CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

Transcript of 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt...

Page 1: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing GuidelinesCBRE is proud to announce this exciting big box leasing opportunity. Located in the East Village Shopping Center with Marshalls, Rack Room Shoes, Dollar Tree, Taco Mac and several small shop retail buildings. Nearby retailers include Marshall’s, Ross, HomeGoods, Babies R Us, Petco and Staples, Haverty’s and American Signature Furniture. Mall anchors include DKohl’s, Petco, Kroger, The Home Depot, and Office Depot. The SuperTarget building was built in 2008 and is in very good condition. It is zoned OI, by Fulton County, Georgia.

We invite you to review this information package and make an offer on this property.

Cover Page

CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

Page 2: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

Property Summary

PROPERTY SUMMARY

SIZE: + 12.765± AC + 177,917± SF building

LOCAT ION:

+ East Village Shopping Center, Alpharetta, GA

PROPERTY INFORMAT ION: + DOT Traffic Counts:

- 40,600 AADT on Holcomb Bridge Road + Built in 2008 + Very good quality/excellent condition + Excellent re-tenanting/redevelopment opportunity + Store ceased operations on January 28, 2017

NOT A PART

NOT A PART

NOT A PART

SUBJE

CT

Page 3: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

Property Description The following information is included herein for informational reference purposes only.

DESCRIPTION OF THE PROPERTY

The subject property consists of a 177,917± square foot SuperTarget occupied building on approximately 12.765 acres of land. The subject property is part of the East Village Shopping Center including Marshalls, Rack Room Shoes, Dollar Tree, Taco Mac and several small shop retail buildings. Nearby retailers include Kohl’s, Petco, Kroger, The Home Depot, and Office Depot.

The site has traffic counts of 41,660 VPD west of Nesbitt Ferry Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt Ferry Road on Holcomb Bridge Road and 16,832 VPD north of Holcomb Bridge Road on Nesbitt Ferry Road according to the GA DOT.

Location/Access

East Village is a Super Target and Marshalls anchored retail center on Holcomb Bridge Road in Roswell, Georgia. Situated within walking distance to East Village will be home to The Towns at East Village, containing 62 townhomes starting in the $300k’s now selling.

The site has easy access with two signalized intersections serving the shopping center, and several other accesses.

Size/Dimensions

The subject property is a 177,917± SF building and contains approximately 12.765 acres of land. The site is irregularly shaped.

Please refer to the survey available in the Files for Download section of this report for more details.

Legal Owner

Target Corporation (“TARGET”), a Minnesota Corporation.

Flood Plain

The majority of the subject property is identified as being in Flood Zone X, according to Flood Insurance Community Panel No. 13121C0068F dated September 18, 2013. Flood Zone X is defined as areas outside of the 100-year flood plain. This area is typical of the immediate area.

ZONING AND LAND USE CONTROLS

Zoning

The property is zoned O-1 by Fulton County, GA.

For complete zoning information please see the Files for Download section of this package.

GOVERNING AND RESTRICTIVE AGREEMENTS

Operation and Easement Agreement

The site is subject to an Operation and Easement Agreement, dated May 1, 2007, as amended by a First Amendment to Operation and Easement Agreement, dated March 29, 2010. Target opted out of CAM by letter dated June 27, 2012. Please refer the to the entire document in the Files for Download section. All Tenants must acknowledge receipt and acceptance of this Agreement.

This store ceased operations on January 28, 2017. All tours or investigations of the property must be arranged with Broker.

PROPERTY DESCRIPTIONPages 1 2

Page 4: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

PROPERTY DESCRIPTION RECIPROCAL EASEMENT AGREEMENT

An Amended and Restated Declaration of Reciprocal Easements, dated May 16, 2008 provides shared drainage and retention pond facilities between the center and property to the North. Please refer the to the entire document in the Files for Download section. All Tenants must acknowledge receipt and acceptance of this Agreement.

DESCRIPTION OF IMPROVEMENTS

Age

The Target building was originally built in 2008 and is in very good condition.

Type of Construction

Class C-5, Commercial Large Tracts, Discount Department Store.

Foundation/Floor Design

Poured, reinforced concrete footings, slab on grade construction.

Exterior Walls/Windows

Concrete masonry unit exterior walls. The front elevation of the store includes a brick facade. The store features two primary entrances along the southwest elevation of the building. The main entries feature four sets of double glass doors (two automatic) and dual cart doors.

RoofThe subject has the original roof; a 36mil Fibertite E PVC installed in 2008 by Carolina Roofing.

Special Features

Along the southern elevation of the building are three dock high bay doors for receiving plus a trash compactor door (trash compactor to be removed prior to lease).

INTERIOR DESCRIPTION

Interior Partitioning

Interior space is partitioned utilizing a combination of masonry block with gypsum board and metal studding with gypsum board wall construction. Fire walls, per code, are constructed of the masonry block and/or metal studding with fire rated gypsum board.

Interior Dimensions of Space

Column spacing varies throughout the store. Building plans will be made available to Tenants once a LOI is executed.

EQUIPMENT AND MECHANICAL SYSTEMS

HVAC

A summary of the HVAC units and ages is available upon request.

Fire Protection

The property features a wet-pipe sprinkler fire protection system. Note that Target will remove all proprietary monitoring systems of the fire protection service.

Property Description

Pages 1 2

Page 5: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

PROPERTY AERIAL

Aerials & Photos

Pages 1 2 3

SITE

HOLCOMB BRIDGE RD 40,600 AADT

THE TOWNS AT EAST VILLAGE

Page 6: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

RETAIL AERIAL

Aerials & Photos

Pages 1 2 3

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STARBUCKS

SITE

STARBUCKS

STARBUCKS

OLD ALABAMA RD

HOLCOMB B

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Page 7: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

PHOTOS

Aerials & Photos

Pages 1 2 3

Page 8: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

SIGNAGE

Signage

View of signage on Holcomb Bridge Road going East View of signage on Holcomb Bridge Road going West

East entrance to property with signage on both sides of the road

Page 9: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

SITE PLAN

Site Plan & Survey

Pages 1 2

Page 10: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

SURVEY

Site Plan & Survey

Pages 1 2

Page 11: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

DEMOGRAPHICS

Demographics HOUSEHOLDS1 Mile 3 Miles 5 Miles

2016 Households - Current Year Estimate 4,831 26,936 80,685

2021 Households - Five Year Projection 5,025 28,381 84,819

2010 Households - Census 4,689 25,723 77,327

2000 Households - Census 4,442 24,105 71,790

2010-2016 Annual Household Growth Rate 0.48% 0.74% 0.68%

2016-2021 Annual Household Growth Rate 0.79% 1.05% 1.00%

2016 Average Household Size 2.40 2.62 2.57

POPULATION1 Mile 3 Miles 5 Miles

2016 Population - Current Year Estimate 11,610 70,687 207,691

2021 Population - Five Year Projection 12,144 75,000 219,836

2010 Population - Census 11,142 66,627 196,157

2000 Population - Census 10,790 63,716 181,773

2010-2016 Annual Population Growth Rate 0.66% 0.95% 0.92%

2016-2021 Annual Population Growth Rate 0.90% 1.19% 1.14%

HOUSEHOLD INCOME1 Mile 3 Miles 5 Miles

2016 Average Household Income $107,793 $130,134 $112,925

2021 Average Household Income $115,160 $140,097 $121,697

2016 Median Household Income $69,675 $89,265 $75,496

2021 Median Household Income $76,006 $100,032 $83,275

2016 Per Capita Income $44,259 $49,758 $43,848

2021 Per Capita Income $47,032 $53,188 $46,926

HOUSING UNITS1 Mile 3 Miles 5 Miles

2016 Housing Units 5,106 28,542 87,093

2016 Vacant Housing Units 275 1,606 6,408

2016 Occupied Housing Units 4,831 26,936 80,685

2016 Owner Occupied Housing Units 2,691 17,839 44,781

2016 Renter Occupied Housing Units 2,140 9,097 35,904

EDUCATION1 Mile 3 Miles 5 Miles

2016 Population 25 and Over 7,836 47,920 138,304

HS and Associates Degrees 3,141 15,926 51,318

Bachelor's Degree or Higher 4,447 29,835 78,016

PLACE OF WORK1 Mile 3 Miles 5 Miles

2016 Businesses 281 2,510 12,670

2016 Employees 2,310 22,660 158,264

Page 12: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

LOCATION

Demographic Maps

Pages 1 2 3 4

Page 13: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

MEDIAN HOUSEHOLD INCOME

Demographic Maps

Pages 1 2 3 4

Page 14: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

POPULATION DENSITY

Demographic Maps

Pages 1 2 3 4

Page 15: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

POPULATION GROWTH

Demographic Maps

Pages 1 2 3 4

Page 16: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

AREA ANALYSIS

The property is located on Holcomb Bridge Road in Roswell, Georgia, in Fulton County and approximately 24 miles north of downtown Atlanta. It is part of the East Village Shopping Center including Marshalls, Rack Room Shoes, Dollar Tree, Taco Mac and several small shop retail buildings. Nearby retailers include Petco, Kroger, The Home Depot, Publix, PGA Superstore and Office Depot. The subject is situated between East Roswell and Johns Creek and we have included discussions of both markets.

The SuperTarget building was built in 2008 and is in very good condition. Situated within walking distance to East Village is home to The Towns at East Village, containing 62 townhomes starting in the $300k’s now selling.

The East Roswell area has grown significantly within the last ten years to serve the East Roswell and Alpharetta market. The majority of any new retail and residential development and growth has occurred within a five mile radius of this property. In general, the trade area really consists of only the East Roswell portion from GA 400 east to Norcross as the larger retail trade is covered by the Northpoint Mall trade area.

Construction

Commercial development is providing a nice lift to construction, and the residential segment is ready to make a stronger contribution. The two big projects are the construction of new stadiums for the Atlanta Falcons and Atlanta Braves, and their multiplier effects will be sizable. In addition to the direct but temporary lift to construction payrolls, these plans will encourage mixed-use multifamily, retail and office development, which will have lasting effects in those neighborhoods. In addition to the stadiums, the general tenor among builders is just as encouraging. Vacancy rates are falling in every market segment, so more construction will be needed in the coming years.

ATLANTA MARKET OVERVIEW

Market Overview

Pages 1 2 3 4 5

Page 17: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

ROSWELL OVERVIEW

Market Overview

LOCATION

The city of Roswell is considered a suburban location. The city is situated in north-central Fulton County, about 20 miles north of the Atalanta Central Business District. General neighborhood characteristics are summarized below.

Land Use

The development in the neighborhood is considered quite varied and diverse, and consists primarily of a blend of single-family residential and commercial uses. Retail development in the immediate neighborhood is concentrated along Holcomb Bridge Road and Roswell Road. While residential development is spread throughout the neighborhood, development in the neighborhood has been very strong, with most growth and residential development occurring in the past 30 years. The development along the primary roadways includes shopping centers, franchise restaurants, convenience stores, office buildings, and numerous similar uses.

Holcomb Bridge Road is the main commercial corridor through the neighborhood and is highly developed with very little vacant land available. Over the past decade redevelopment has occurred on numerous sites as developers saw opportunity relative to new types of retail, office or multi-family development to meet the demands of the high-income households in the area.

Commercial development consists of shopping centers, office buildings, restaurants, branch banks, and other similar uses. Most of the commercial development was constructed in the 1980s and 1990s, and is located along Holcomb Bridge Road. The area is mature, with minimal vacant land available for new development; however, with strong residential foundations there has been an increase in redevelopment, especially with commercial and retail uses. An example of this is Kings Market Blvd shopping center located off Holcomb Bridge Road, right off Georgia 400. It is a 298,294 square foot retail center which

was originally built in 1988 but has been redeveloped over the last two decades. There is also Roswell Town Center which is a 400,920 square foot retail center located at the corner of Holcomb Bridge Road and Highway 9.

There is an ample amount of office development, as well as some light industrial uses along Holcomb Bridge Road. The office development consists of office condominiums and mid-rise office buildings. Most of the office development in the vicinity lies south in the densely developed Central Perimeter area and to the north in neighboring Alpharetta. Central Perimeter is generally defined as the area within approximately one-mile of the intersection of Interstate 285 and Georgia 400.

The neighborhood has some industrial development, most being better quality business park developments, along with some light distribution and warehousing. This development is primarily located in the northern portion of the neighborhood, along Georgia Highway 400.

Residential development is spread throughout the neighborhood and is located along both the primary and secondary roadways and consists primarily of single-family. In the past economic cycle, developers have built homes ranging in price from $250,000 to $1,000,000. Most of the homes were built in the 1980s and 1990s. Due to the lack of land, but a desire by many people to be closer to their place of work and avoid extended driving times, many in-fill subdivisions have been developed in the neighborhood. Residential development is heavily spread throughout the neighborhood.

The neighborhood has experienced rapid growth primarily due to the desirable secondary and primary public schools that have a reputation of being among the best in Georgia.The neighborhood also has a good level of support developments, including schools, parks and houses of worship.

Pages 1 2 3 4 5

Page 18: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

Market Overview

Growth Patterns

Development in the neighborhood is considered diverse and generally consists of a mixture of commercial, residential and industrial uses. Most development has occurred along primary neighborhood corridors, including Holcomb Bridge Road, Roswell Road and Old Alabama Road.

Access

The neighborhood has very good access due to the transportation linkages that traverse the area. Holcomb Bridge Road is a major thoroughfare that serves the area. Georgia 400 is a north/south state highway that passes through the neighborhood. These roadways are the primary transportation corridors, which link the neighborhood with the surrounding metropolitan Atlanta area. Specifically, Georgia 400 provides access to the Perimeter Center area and Atlanta to the south, and the northern Atlanta suburbs such as Alpharetta to the north.

The area also has a significant level of secondary roadways, which enhance accessibility throughout the neighborhood. CONCLUSION

The East Roswell neighborhood has had moderate population growth the past few years and this is projected to continue over the near- to mid-term. The overall development and demographic nature of the neighborhood should remain relatively consistent with its current state over the near- and long-term. Household income, education and property value statistics indicate a middle-upper class population.

ROSWELL OVERVIEWPages 1 2 3 4 5

Page 19: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

Market Overview

LOCATION

The city of Johns Creek is considered a suburban location within the north/northwest portion of metro Atlanta. The city of Johns Creek is situated in northeast Fulton County on the border of Gwinnett County. General neighborhood characteristics are summarized below.

LAND USE

The city of Johns Creek contains a mix of newer and older development, consisting primarily of retail and commercial uses, but with residential and industrial uses nearby. Single-family homes oriented toward middle-income families comprise the bulk of development. According to information obtained from Esri, approximately 2% of the houses were constructed prior to 1970, while approximately 81% have been constructed since 1990. Single-family residential development accounts for most of the housing stock. The majority of the single-family residential development varies widely, with prices ranging from $200,000 to $750,000. Overall, residential properties in the neighborhood appear to reflect above-average levels of maintenance.

According to Esri data, a majority, or about 67%, of residents within a one-mile radius are home-owners. Multi-family rentals can range from $950 to $1,400 and up depending on the age of the property and number of bedrooms/floor plan. The range of quality varies.

The neighborhood also features a good level of supportive developments, including schools, parks and houses of worship.

GROWTH PATTERNS

Growth patterns have occurred primarily along major commercial thoroughfares such as Pleasant Hill Road, Satellite Boulevard, Duluth Highway, Peachtree Industrial Boulevard and Buford Highway. The neighborhood is part of one of the state and nation’s

fastest growing counties. Gwinnett County continues to expand with the available land in this southern/southwestern section of the county rapidly diminishing. This area includes a rapidly expanding retail, office, industrial, and residential segment. The retail, office, and industrial development are concentrated in relatively close proximity to I-85, with residential development then being the more dominant segment. This section along Interstate 85 beginning near I-285 to the south northeastward to I-985, is the largest Atlanta industrial submarket and one of the largest concentrations of retail/commercial development in metro Atlanta.

Significant growth has occurred throughout the neighborhood, primarily along the Pleasant Hill Road corridor, Satellite Boulevard, and Sugarloaf Parkway. In addition to office and industrial development, the construction of Gwinnett Place Mall in 1984 provided the catalyst for significant growth in the area. Surrounding the mall is the typical level of supportive developments that normally accompany a mall, including numerous shopping centers, automobile sales and service facilities, banking facilities, franchise restaurants, etc. and most recently, office development. Virtually all of these developments were constructed since the mall was completed.

Development has progressed northward along Satellite Boulevard and in the Sugarloaf Parkway area. These two corridors have been the general location for much of the new office development as well as additions to the retail and multi-family sectors. The most recent major developments being Hillside, a multiple-building Class A office development. The most recent major retail project was completed in 2001 and is near the intersection of I-85 and Sugarloaf Parkway. This mall, identified as Sugarloaf Mills, consists of 1.3 million square feet and is oriented to outlet tenants. This project is anchored by Bass Pro Shops, Burlington Coat Factory and an AMC movie theater.

JOHNS CREEK OVERVIEWPages 1 2 3 4 5

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FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

Market Overview

The mall also includes outlet stores for nationally recognized brands such as Saks Fifth Avenue, Eddie Bauer, Kenneth Cole, and Nike.

Just north of the neighborhood is another major factor influencing this section of Gwinnett County, The Mall of Georgia. Located at the intersection of I-85 and I-985, this 1.7 million-square foot mall is anchored by Nordstrom, Dillard’s, JC Penney, and Dick’s, and is the largest shopping mall in the state of Georgia. Adjacent properties consist of various power centers, community centers, and “big box” retail stores, with anchors such as Nordstrom Rack, Costco, Staples, Target, and Best Buy. However, to date no major office development has occurred near the mall.

As noted, there has been significant recent development of new single-family subdivisions in most areas of the neighborhood. These have typically been in-fill in nature as the area has a significant number of existing subdivisions. Most of the subdivisions in the area are experiencing very good levels of pride of ownership and the new developments have experienced very good demand from purchasers. The area is expected to continue receiving good demand from new single-family development.

The neighborhood also has a significant level of multi-family residential uses, which consist mostly of apartments, although there are some townhouses and condominiums. The multi-family residential development in the area is generally oriented to middle-income groups. These developments are typically located along major roadways and along some minor roadways.

ACCESS

The neighborhood has good access due to its location and proximity to I-85 and Georgia Highway 316. I-85 is the major interstate in the northeast Atlanta area, providing access to Atlanta to the southwest and to the Carolinas to the northeast. Interchanges along I-85 are located at Pleasant Hill Road, Georgia Highway 120, Sugarloaf Parkway and Old Peachtree

Road. Satellite Boulevard parallels I-85 to the north intersecting Pleasant Hill Road, Old Norcross Road, Georgia Highway 120, Sugarloaf Parkway and Old Peachtree Road. Georgia Highway 316 is a major corridor extending eastward out of the neighborhood area toward Lawrenceville.

CONCLUSION

The neighborhood has significantly increased in population growth over the past few years and is projected to expand significantly over the near- to mid-term. The overall development and demographic nature of the neighborhood should remain relatively consistent with its current state over the near- and long-term. Household income, education and property value statistics indicate an upper-middle income class population. This situation should support demand for various types of development, including future retail growth as the population base increases.

JOHNS CREEK OVERVIEWPages 1 2 3 4 5

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FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

CBRE, Inc. | Licensed Real Estate Broker

CBRE, Inc., (“CBRE”), has been retained as exclusive advisor and broker to Target Corporation (“Owner”), regarding the lease of a 177,917 square foot building on 12.766 acre tract of land at T-2443 Alpharetta, GA (“Property”).

This Confidential Offering Memorandum has been prepared by CBRE for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective tenants may need or desire. All projections have been developed by CBRE, Owner and designated sources and are based upon assumptions relating to the general economy, competition and other factors beyond the control of CBRE and Owner, and therefore are subject to variation. No representation is made by CBRE or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, CBRE, Owner and their employees, disclaim any responsibility for inaccuracies and expect prospective tenants to exercise independent due diligence in verifying all such information. Further CBRE, Owner and their employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the Confidential Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Properties or Owner since the date of preparation of the Confidential Offering Memorandum. Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of the prospective tenant. Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective tenants.

Owner expressly reserves the right, at its sole discretion, to reject any or all expression or interest or offers regarding the Property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing the Confidential Offering Memorandum or making an offer to lease the Property unless and until such offer is approved by Owner, a written agreement for the lease of the Property has been fully executed, delivered and approved by Owner and its legal counsel, and any conditions to Owner’s obligations there under have been satisfied or waived.

This Confidential Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Confidential Offering Memorandum, you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or CBRE. If you have no interest in the Property at this time, please return the Confidential Offering Memorandum forthwith to CBRE.

LEGAL DISCLAIMER

Legal Disclaimer

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FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

Documents may take a few minutes to open and may open in a new window, depending on your individual computer settings. If you are not prompted to Save or Open, click refresh on your browser’s window.

You may also request a hard copy from [email protected]

+ Notice to PartiesClick toDownload

FILES FOR DOWNLOAD

Files for Download

+ Full Demographic ReportClick toDownload

+ Survey + Site PlanClick to

Download

+ Amended Operation and Easement AgreementClick to

Download

+ Amended and Restated Reciprocal Easement AgreementClick to

Download

+ Brokerage Registration CertificateClick to

Download

Page 23: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

BROKER CONTACTS:

Suzanne Pinel WashburnSenior Vice President +1 407 839 3111 [email protected]

Amy FingerhutFirst Vice President+1 404 812 [email protected]

CBRE, Inc. | Licensed Real Estate Broker 200 S Orange Ave | Suite 2100 Orlando, FL 32801 | www.cbre.com/orlando +1 407 404 5000

CBRE, Inc. | Licensed Real Estate Broker 3280 Peachtree Road | Suite 1400Atlanta, GA 30305 | www.cbre.com/atlanta+1 404 504 7900

FULTON COUNTY WEBSITES:

Fulton Countyhttp://www.fultoncountyga.gov/

CONTACTS

Contacts

FULTON COUNTY CONTACTS:

County Clerk

Public Defender

Planning Department

Economic Development

Police Department

+1 404 612 8200

+1 404 612 5200

+1 404 612 7800

+1 404 612 1021

+1 404 613 5711

Page 24: 1,1 SF BIG BOX AVAILABLE ON 12 AC · The site has traffic counts of 41,660 VPD west of Nesbitt Ferry . Road on Holcomb Bridge Road, 46,630 VPD east of Nesbitt ... entries feature

FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

TIMING OF TRANSACTIONThe lease of the property may occur no sooner than April 15, 2017.

INITIAL DUE DILIGENCEThe opportunity to investigate and tour the Property will be made available upon request to interested and qualified Tenants. Tenants and their representatives may not tour the interior of the buildings on their own. Once arranged in accordance with these guidelines, property tours will be scheduled coordinated and conducted by representatives of CBRE, Inc. Each prospective Tenant is to rely solely upon its own investigation, evaluation and judgment as to the conditions attributes and value of the property.

CONDITION OF LEASEThe property is being offered in its “As Is” condition, however, Tenant improvement allowance may be available to a qualified Tenant at Target’s discretion. Property may be subdivided. Owner and Broker have limited property information. Tenant shall confirm by Tenant’s own due diligence the condition and suitability of the property, without any reliance upon information provided herein.

PERSONAL PROPERTY, TRADE FIXTURES AND SYSTEMSOn or before the Lease Date, notwithstanding any provision in this Agreement that may be construed to the contrary, Tenant shall have the right (but not the obligation) to remove from the Property: (i) any or all of Lessor’s inventory, trade fixtures and other removable personal property (including but not limited to point of lease equipment), (ii) Lessor’s compactor, bailer and generator, and (iii) Lessor’s security, energy management and phone systems.

DOCUMENTATIONTARGET will prepare the Lease Agreement and related documents.

TITLE REPORTTo be provided by TARGET, upon execution of the Lease Agreement.

ENVIRONMENTALEnvironmental Reports will be made available upon execution of the Lease Agreement.

EXCLUSIVE BROKERCBRE, Inc., hereinafter referred to as “Lessor’s Brokers,” pursuant to a separate listing agreement with Target Corporation. All brokers and prospective Tenants must sign and return the Broker Registration Certificate contained in the Files for Download section herein.

PROPERTY CONTACTSA list of property contacts is contained in the Contact section of this presentation.

LEASING GUIDELINESPages 1 2 3

Leasing Guidelines

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FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

OFFER FORMATIt is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include, at a minimum, the following information:

+ A full outline of the terms offered. + Contingencies (detailed) and length of due diligence period (see below). + Source of Tenant’s financing. + A detailed description of the proposed use of the site, including the nature of the planned operator(s). In this regard,

TARGET intends to confirm anchor tenant(s) interest in this location. + A Tenant’s corporate resume including a list of recent leases of similar properties with at least five related references. + A contact name and means of contact for Tenant’s firm (including e-mail address). + Identification of Tenant’s broker, if any, together with a statement that no other brokers are involved whom can rightfully

claim to represent the Tenant. Tenant understands that TARGET will rely on this information. A Broker Registration Certificate must be completed and submitted with each offer. Certificates can be requested by contacting [email protected]

REVIEW OF OFFER(S)

Right to Reject

CBRE, Inc. and TARGET will review all offers. Acceptability of offers will be based on lease price, Tenant’s financials, Tenant’s business resume and reputation, ability and willingness of the Tenant to close the lease, length of time to close and other pertinent factors of concern to TARGET. CBRE, Inc. and TARGET expressly reserve the right, in their sole discretion, to review and/or reject any or all expressions of interest or offers to lease the Property, and/or to terminate discussions with any person or entity at anytime with or without notice. TARGET shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum or making an offer to lease the Property unless and until such offer is approved by TARGET, a Lease Agreement for the lease of the Property has been fully executed, delivered and approved by TARGET and its legal counsel, and any conditions to TARGET’s obligations thereunder have been satisfied or waived.

LEASING GUIDELINES

Leasing Guidelines

Pages 1 2 3

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FOR LEASE

MAY BE SUBDIVIDED

REDEVELOPMENT/RETENANTINGOPPORTUNITY

177,917± SF BIG BOX AVAILABLE ON 12.77± AC2600 HOLCOMB BRIDGE ROAD | ALPHARETTA, GA 30022

Cover Page

Property Summary

Property Description

Aerials & Photos

Signage

Site Plan & Survey

Demographics

Demographic Maps

Market Overview

Legal Disclaimer

Files for Download

Contacts

Leasing Guidelines

LEASING GUIDELINES

Leasing Guidelines

Confidentiality, Conditions and Disclaimer

This Offering Memorandum has been prepared by CBRE, Inc. for use by a limited number of parties, and does not purport to provide a necessarily accurate summary of the subject Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective tenants may need or desire. No representation is made by CBRE, Inc. or TARGET as to the accuracy or completeness of the information contained herein, nor in subsequently provided materials, and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property. Although the information contained herein is believed to be correct, CBRE, Inc. as well as TARGET and its employees disclaim any responsibility for inaccuracies, and expect prospective tenants to exercise independent due diligence in verifying all such information. Further, CBRE, Inc., TARGET and its employees disclaim any and all liability for representations and warranties, expressed and/or implied, contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective Tenant.

Pages 1 2 3

© 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.