Creekside is a neighborhood strip retail center located in Woodstock, GA, a rapidly growing and affluent Atlanta suburb. Carolina Capital (CC) purchased the property in February 2018.
CC’s investment objective was to acquire a stabilized neighborhood retail property with a diverse and established tenant mix in a thriving Atlanta submarket. The center was acquired at an attractive cap rate, and below replacement costs. Furthermore, CC believes the asset strongly benefits from heavy traffic on Main Street, proximity to downtown Woodstock and residential growth in the area. In additional, value can be created through professional third party management and leasing.
CC plans to hold the asset as part of their inline retail and stabilized income portfolio.