Woodstock Shopping Center is a 32,450 square foot building located on Main Street and Highway 92 in fast-growing Woodstock, Georgia. This property was purchased from a lender in 2014, and is fully occupied by two tenants; Park Avenue Thrift Outlet (part of a multi-store chain) and Dollar General. Since the purchase of this asset, the surrounding area has seen substantial development, including a new Sam’s Club and a new apartment complex on two corners of the shared intersection.
This acquisition represented an opportunity to buy a lender-owned property at a huge discount to comparable properties in the area, and with a very high leveraged return on investment. At the same time, there is significant future upside through growth in base rents and/or redevelopment/ repositioning of the asset to reflect growth trends in the immediate area.
In addition to Sam’s Club, other area retailers include Big Lots, Office Depot, Goodwill, and Stars & Strikes.
9740 Main Street, Woodstock, Georgia 30188