OFFERING MEMORANDUM
PEACHTREE BOULEVARD ASSEMBLAGE Chamblee, GA 30341
± 6.46 Acres on High-Traffic Commercial Corridor (CC) in the City of Chamblee
Exclusively Listed & Marketed by:
JIM CONRAD
404-660-6105 | 404-537-5200 conradregroup@yahoo.com
SHOUMIC KHAN
678-577-9512 | 404-537-5200 shoumic.khan@bhhsga.com
BHHS GEORGIA PROPERTIES | COMMERCIAL DIVISION
TA B L E O F C O N T E N T S EXECUTIVE SUMMARY
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PROPERTY HIGHLIGHTS
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PHOTOS
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AREA OVERVIEW: CHAMBLEE, DORAVILLE & BROOKHAVEN
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AREA MAPS
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IN THE AREA
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ATLANTA: A BOOMING METROPOLIS
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CONTACT INFORMATION
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Peachtree Boulevard Assemblage | Chamblee, Georgia 30341
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EXECUTIVE SUMMARY Traveling just five miles North from Buckhead on Atlanta’s iconic Peachtree thoroughfare, this assemblage of five properties is in the ideal location to take advantage of the ever-growing area. Nestled amongst current and future developments and many national retail tenents, this property is less than a mile from one of the most anticipated in the state...the reimagination of the former GM plant in Doraville, which is positioned to be the largest sound stage development in Georgia. With high visibility and convenience, the property is situated between two MARTA stations and enjoys easy access to I-285, I-85 and GA 400.
• Price: $15 Million • Potential 1031 Exchange Property • 5640, 5636, 5630, 5622, 5604 Peachtree Blvd, Chamblee, GA 30341 • Total Acreage: ± 6.46 • Zoned CC (Commercial Corridor) City of Chamblee
BHHS GEORGIA PROPERTIES | COMMERCIAL DIVISION
PROPERTY HIGHLIGHTS • Property Consists of Freestanding Commercial Buildings and Land
• Avg HH Income within a 1-mile radius ± $83k | 3 miles ± $106k | 5 miles ± $117k
• ± 6 Acre Site with ± 4 Buildable Acres
• Close to MARTA Bus and Train Lines
• Premier Redevelopment Location with Excellent Visibility and Frontage on Peachtree Blvd in Chamblee, Georgia
• Located minutes from The Assembly Yards development site, which is positioned to be the largest sound stage development in Georgia, and with easy access to I-285
• Ideal Redevelopment Site for Hotel or Long-Term Hold: Located in one of the fastest growing areas in Metro Atlanta with Significant amount of New Development in Close Proximity • Traffic Count on Peachtree Blvd is ± 40k daily
• Located near many new high profile Multifamily developments • Surrounded by many National Retail Tenants such as Walmart, TJ Maxx, Publix, Whole Foods, etc.
Peachtree Boulevard Assemblage | Chamblee, Georgia 30341
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5 Properties. 6 Acres. Endless Possibilities. 5640
5636
5630
5622
5604
AREA OVERVIEW & CID Situated in North DeKalb County, these properties enjoy a highly visible location where three established, yet ever-growing, cities are flourishing due to Atlanta’s northward expansion. Commercial property owners in the area launched a Community Improvement District (CID) in 2019 in order to improve mobility and help revitalize the commercial area. A public-private partnership between local commercial property owners and the cities and county, the Chamblee Doraville CID will advance capital projects and community services critical to the health and vitality of the business community. The CID’s initial footprint includes parcels in a 2-square mile portion of the commercial area within both Chamblee and Doraville. Generally, the current boundaries include Peachtree Boulevard on the west, Buford Highway on the east, I-285 on the north and Chamblee Tucker Road on the south. The greater area is anchored by two MARTA rail stations, Peachtree-DeKalb Airport, highways, and a growing trail system. It has a rich and diverse cultural community as well as a growing multifamily, retail, and commercial presence. The CID will focus investments in projects that improve mobility, access, safety, and quality of life. The goal is to protect and enhance the existing commercial property owners’ investments and manage the area’s future growth needs.
Source: www.peachtreegatewaypartnership.com
BHHS GEORGIA PROPERTIES | COMMERCIAL DIVISION
The City of Chamblee, located in northern DeKalb, began as a southern rail town from an area originally consisting of dairy farms. Chamblee’s history is intertwined with three entities – dairies, railroads and the military. Over the decades, the city has been transformed into a progressive and vibrant international city. From the South’s largest collection of antiques to the extensive collection of auto dealerships at Chamblee’s Auto Dealer Row, Chamblee is an exciting city to explore. Chamblee also offers comfortable lodging, bargain hunting opportunities and an incredible selection of dining options.
www.chambleega.com
Founded in 1871, this diverse, international city of 10,000 is located 10 miles northeast of downtown Atlanta. Doraville is home to the Southeast’s most prosperous immigrant-owned small business community and the former General Motors Assembly Plant – a 165-acre swath of prime real estate poised for redevelopment. With progressive leadership and access to a market of 5 million and growing, Doraville has all the tangible assets one would seek in a start-up venture or business relocation.
www.doravillega.us
Brookhaven’s streets are graced with a mix of hundred-year-old summer cottages and bungalows and roomy midcentury ranch homes, as well as newer construction. The city is one of the Atlanta metro area’s more affluent suburbs, with many historic homes, and homes flanking the west side of the historic Capital City Club valued at more than $1 million. Brookhaven’s residents enjoy shopping at Town Brookhaven, which offers dozens of restaurants, shops and services, including hair salons, a fitness center and a movie theater. Northeast Plaza on Buford Highway offers discount and ethnic stores.
www.brookhavenga.gov
Peachtree Boulevard Assemblage | Chamblee, Georgia 30341
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CHAMBLEE PLAZA
CHAMBLEE PARK
30-Acre Mixed-Use Development
N O TA B L E D E V E L O P M E N T S 1. CHAMBLEE PARK: Mixed-use development on 30 acres near I-285 and Peachtree Boulevard consisting of 417 townhomes, 370 apartments, 28 single-family homes and 10,000 square feet of retail space. The developer, Thrive Residential (a subsidiary of Toll Brothers) expects to complete the project in 2024.
2. ASSEMBLY YARDS/“STUDIO CITY” (Former GM Assembly Plant): Gray Television—a digital media and broadcasting company headquartered in Atlanta—will turn the former General Motors plant site into what company heads are calling a “Studio City,” the largest mix of Hollywood meets mixeduse in Georgia. The project will turn 128 acres into at least 10 film studios, apartments, townhomes, a hotel, corporate offices, restaurants and retail space.
3. CHAMBLEE PLAZA: A nearly 20-acre retail center dating back to 1960 located on Peachtree Boulevard in the heart of historic Chamblee, GA. Tenants who opened early 2020 include TJ Maxx, Home Goods, Five Below and Rack Room Shoes. Publix delivering Fall 2021 along with an additional 8,000 SF of shop space.
Future “Studio City” Redevelopment (Former GM Assembly Plant)
4. THE KESWICK: Luxury apartment community consisting of 198 units along with restaurant space at street level featuring Five Guys Burger and Fries and Karv Kitchen.
5. PARKVIEW ON PEACHTREE: 45,000 square feet of street front boutique shops and restaurants as well as 10,000 square feet of loft office space and 503 multi-family units.
6. PEACHTREE STATION: 106,380 square feet of a unique lifestyle driven tenant mix such as natural foods, casual dining, medical, Pilates, wellness and beauty. The Whole Foods anchored center is located on an old railroad with Green Globe Certification and contemporary finishes.
A BOOMING METROPOLIS Fortune 500/1000 Headquarters
Busiest Airport in the World
Best State for Doing Business
30
#1
#1
In fiscal year 2019, these 30 Fortune 500/1000 companies generated aggregate revenues of $438 billion.
Since 1998, Hartsfield-Jackson Altanta International Airport has been the busiest airport in the world and functions as headquarters for Delta Air Lines.
Georgia’s business climate has been ranked #1 in the nation for the 6th consecutive year by Site Selection, and Area Development ranked Georgia top state for doing business for 5th year in a row.
Home to nearly 6 million people and more than 150,000 businesses, metro Atlanta continues to be an attractive place for Fortune 500 and 1000 companies because of the region’s low cost of doing business, ease of travel around the world through Hartsfield-Jackson Atlanta International Airport, the thriving innovative ecosystem, a business-friendly environment and its reputation as a logistics hub, says Gregg Simon, vice president of economic development at the Metro Atlanta Chamber. “We offer a steady talent pipeline through our graduates coming out of the region’s 66 colleges and universities,” he continues. “Atlanta’s economy has been fueled by a decades-long influx of population from around the world, offering a talent pipeline for all of our employers.” With Atlanta’s highly skilled and abundant workforce, the area has been a perfect place for these companies to thrive. “Atlanta is one of the country’s top cities in which to do business,” states a representative from The Home Depot. “It has great entrepreneurial opportunities, great career options and plenty of access to excellent education. Plus, it’s constantly growing.”
BHHS GEORGIA PROPERTIES | COMMERCIAL DIVISION
ATLANTA FORTUNE 500 COMPANIES 26.
The Home Depot - homedepot.com
43. United Parcel Service (UPS) - ups.com 68. Delta Air Lines Inc. - delta.com 88. The Coca-Cola Company - coca-colacompany.com 146. Aflac, Inc. - aflac.com 153. The Southern Company - southerncompany.com 171. Genuine Parts Company - genpt.com 177. WestRock - westrock.com 309. Pulte Group Inc. - pultegroupinc.com 316. Newell Brands - newellbrands.com 321. Mohawk Industries - mohawkind.com 350. AGCO Corporation - agcocorp.com 412. Veritiv - veritivcorp.com 428. Asbury Automotive Group, Inc. - asburyauto.com 439. NCR Corporation - ncr.com 459. Intercontinental Exchange (ICE) - intercontinentalexchange.com 477. Graphic Packaging International, Inc. - graphicpkg.com 478. HD Supply Holdings - hdsupply.com SOURCE: AtlantaChamber.com & KNOWAtlanta.com
Peachtree Boulevard Assemblage | Chamblee, Georgia 30341
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For More Information:
JIM CONRAD
SHOUMIC KHAN
conradregroup@yahoo.com jimconrad.commercialga.com
shoumic.khan@bhhsga.com shoumickhan.bhhsga.com
404-660-6105
678-577-9512
3744 Roswell Road | Atlanta, Georgia 30342 | 404-537-5200 © BERKSHIRE HATHAWAY HOMESERVICES GEORGIA PROPERTIES. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity.