3900 Lavista Rd
Tucker, GA 30084
Northlake Plaza · Local commercial Bien À vendre

Offers accepted on a rolling basis.
CBRE National Retail Partners – Southeast is proud to offer Northlake Plaza, a 12,125 SF neighborhood value-add center in infill Atlanta, GA. The multi-tenant center is distinguished by its in-town location along Lavista Road, a dense, heavily trafficked retail thoroughfare that observes over 20,000 VPD. Northlake Plaza benefits from it’s positioning and being surrounded by major national retailers including Publix, ALDI, Best Buy, Target, T.J. Maxx, Ross, Sprouts, and Kroger to name a few.
At 40% occupied, the asset presents a rare value-add opportunity. The remaining ±7,308 SF of vacant space is primed for retail, office, medical or service-oriented users. The Property was formerly anchored by an Ace Hardware (franchise) and current ownership demised the former anchor suite and re-leased portions to Dauphin Dance Studio and State Farm Insurance. In addition to the immediate cashflow growth via lease-up, Dauphin Dance Studio and State Farm are both paying below market rents
and have no renewal options remaining, allowing an investor further upside via mark-to-market.
Conveniently located 15 minutes from Downtown Atlanta, Tucker provides immediate access to I-285, I-85, and US-78. Northlake Plaza’s location near Midtown, Buckhead, Decatur, Emory, and CHOA, presents a unique opportunity for potential long-term redevelopment. The asset is also situated in the Tucker Northlake CID (Commercial Improvement District) which will further benefit the future owner and tenants.