Downtown Woodstock Retail Condos is a street retail investment located in the heart of Woodstock, GA, a rapidly growing and affluent Atlanta suburb. Carolina Capital (CC) purchased the property in December 2019.
CC’s investment objective was to acquire a stabilized retail property with a diverse and established tenant mix in a thriving Atlanta sub-market. The center was acquired at an attractive cap rate, and below replacement costs. Furthermore, the property is strategically located in a dense and thriving suburban downtown, and benefits from explosive population growth in the immediate area.
CC plans to hold the asset as part of their street retail and stabilized income portfolio.