A Vanguard-sponsored entity purchased this asset in 2018. Taqueria Tsunami is an established, multi-unit brand with a seasoned, successful ownership and management team. The building, which is approximately 4,400 square feet and sits on slightly less than one acre of land with on-site parking, was substantially renovated/expanded in conjunction with the opening of Taqueria Tsunami in 2018. Taqueria Tsunami signed a long-term lease for the building.
Positioned as a “generational” type of real estate located in one of the most desirable markets in metro Atlanta, the property enjoys excellent demographics and a market with very limited opportunities for future commercial development. The entire trade area has historically had very low vacancy numbers and rising rental rate trends. Immediately adjacent tenants include Chipotle, Whole Foods, Kohl’s, and Old Navy. Fresh Market, Publix, Trader Joe’s, and most other blue-chip retailers are in the immediate trade area.
The population in the immediate area will almost assuredly continue to climb as there is significant demand for residences within the highly-rated Walton High School district. Property values across the board have been going up significantly for the past several years, and this trend does not appear likely to reverse for the foreseeable future.