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LNR Partners LLC.  PROPERTIES FOR SALE

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PROPERTY LOCATION
Habersham Village
1145 Highway 441 North
Cornelia, Georgia 30531
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PROPERTY SUMMARY
Type: Retail
Class: C
Price: Contact Broker   Auction
Measurement/Yardstick: 147,182 Sq Ft
Number of Buildings: 1
Number of Floors: 1
Occupancy: 40%
Year Built: 1985
Year Renovated:
PROPERTY DESCRIPTION
Subject is a 147,182 sf, 2 building "L" shaped Class C formerly anchored Kmart (Big K)/Big Lots shopping center located in Cornelia, GA, built in 1985. There is also a .53-acre undeveloped outparcel. Property enjoys good visibility with frontage along Jay Warren Rd and Hwy 441 N. The property competes with three large shopping centers within less than a mile of the center, anchored by a Wal-Mart, Lowe's and Goody's respectively. Kmart went dark (March 2017) and declared Chapter 11 (October 2018), which has triggered co-tenancy provision for Hibbett's Sporting. Kmart rejected the lease and no longer paying rent. Newmark is the PM & Leasing Agent.
Habersham Village

For more information contact  

Eva Horton
Newmark Grubb Knight Frank
ehorton@ngkf.com
Tel: 770-552-2404
http://www.ngkf.com


Any information that may be provided by LNR Partners, LLC. under this “General Property Information” is for informational purposes only and is subject to change at any time without notice at the sole and absolute discretion of LNR Partners, LLC. This is not to be construed as an offer, commitment or promise of any kind by LNR Partners, LLC. Please contact the appropriate individual referred to above for more information on this property. The information provided herein has been obtained from third party sources. While LNR Partners, LLC. has no reason or basis to doubt the accuracy of such information, LNR Partners, LLC. makes no guarantee, covenant, warranty or representation about its accuracy and disclaims any liability with respect thereto. It is your responsibility to confirm that this information is accurate and complete.

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