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The Village at Oak Grove

5345 Jefferson Road, Athens, GA, 30606
For Sale

Property Details

  • Price: $23,100,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.00%
  • Lot Size: 10.47 AC
  • Lease Type: NNN
  • Lease Term: 20 years
  • Year Built: 2023
  • Tenancy: Multi Tenant
  • Available SF: 67,587 SF

Property Description


  • Grocery anchored by Publix Super Market, the dominant grocer in the southeast, and most preferred grocery anchor by investors with an implied A+ credit rating
  • Publix Super Markets opened their grocery store in April 2023 under a new 20-year lease
  • Publix Super Markets accounts for 72% of the GLA and 54% of the Revenue, providing ideal investment grade security
  • New Publix prototype with drive-thru pharmacy, extensive prepared meal and wine selection, robust fresh food offerings, and in-store seating areas
  • 13.1 Miles from nearest Publix Serving Northwest Athens and Jefferson County, providing ideal store spacing and allowing for Publix to capture an outsized portion of the trade area’s extensive residential growth
  • Publix is a Fortune 500 company with 1,397 locations across the Southeast employing over 250,000 people
  • Newly constructed shopping center, part of 53-arce master planned development with 296 apartment units
  • Brand new construction with no near-term capital needs
  • 100% of the GLA is comprised of a necessity-based, internet-proof merchandising mix, promoting in-person visits
  • 124,264 residents in primary trade area with an average household income of $79,506
  • Outstanding residential growth with more than 2,500 new residential units under construction or planned within trade area
  • Excellent access and visibility to 27,000 VPD along Hwy 129, direct access to Downtown Athens
  • Less than 5 miles from the University of Georgia, home to over 40,000 students and 11,541 Employees
  • University of Georgia Generated $7.6 Billion for the State of Georgia in 2022
  • Minutes to Piedmont Athens Regional, a 427-Bed Hospital with 3,300 Employees and St. Mary’s Hospital with 196-Beds and 1,600 Employees

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Financial Summary

Investment Highlights

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