SATTERFIELD MARKETPLACE - FAYETTEVILLE (ATLANTA MSA), GA - CONFIDENTIAL OFFERING MEMORANDUM
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SATTERFIELD MARKETPLACE
FAYETTEVILLE (ATLANTA MSA), GA
CONFIDENTIAL OFFERING MEMORANDUM
CONTENTS PRESENTED BY
3 NEAL PRINGLE
Director of Investment Sales
EXECUTIVE P 770.955.2434
Neal.Pringle@tscg.com
SUMMARY
ADAM BIRNBREY
12 Investment Sales Associate
P 770.955.2434
LOCATION Adam.Birnbrey@tscg.com
OVERVIEW
18
DEMOGRAPHICS
24
FINANCIAL
ANALYSIS
EXECUTIVE SUMMARY
IN T RODUC T ION
INVESTMEN T SUM M A RY
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INTRO DUCTIO N
HO M E
TSCG is pleased to announce the opportunity to purchase the newly constructed Satterfield Marketplace (the
EX ECUT IVE
“Property”) located at 1135 GA Hwy-85 N, Fayetteville, GA. The Property is ideally situated on GA Hwy-85
SUM M A RY
N (N Glynn St) two blocks south of the 1.5M SF Fayette Pavilion anchored by major retailers: Publix, Walmart,
Home Depot, Target, Cinemark, Kohl’s, Hobby Lobby, Dick’s and Burlington. Totaling 12,277 SF, Satterfield
Marketplace has a unique blend of restaurants and service users with Chipotle, Aspen Dental, My Eye Lab,
Tropical Smoothie Café and The Original Mattress Factory. The Property is part of a larger development with
notable national credit tenants including RaceTrac, Discount Tire, Navy Federal, Panda Express and Freddy’s.
OVERVIEW
L OCAT ION
Situated at the signalized intersection of GA Hwy-85 N (30,800 AADT) and Banks Crossing, the Property has
exceptional access and visibility to the road. Immediately across from Satterfield Marketplace includes Lowe’s,
Aldi and the Kroger anchored Banks Crossing Shopping Center. Directly behind the subject Property are
planned townhomes entitled for 72 units. Fayetteville continues to be one of the most coveted submarkets of
metro Atlanta with significant population growth year-to-year. Due to the city’s convenient location, Fayetteville
DEMOG RAPHI CS
is home to the 700-acre world class Pinewood Studios (18 sound stages), six miles away from the Property.
1135 GA Hwy-85 N,
ADDRESS Fayetteville, GA 30214
F INAN CIAL
ANALYS IS
TOTAL GLA 12,277 SF
PARCEL SIZE 2.30 Acres
YEAR BUILT 2019
OCCUPANCY 100%
S AT T E R F I E L D M A R K E T P L A C E – TSCG.COM 5
INVESTMENT SUMMARY
HO M E
BRAND NEW 2019 CONSTRUCTION DENSE DEMOGRAPHICS IN FAST GROWING
WITH DRIVE THRU WINDOW MARKET
• Ground up construction completed in 2019 • Fayette County Income Average Household Income
exceeds $88,000 within a 1–mile radius
EX ECUT IVE
SUM M A RY
• Features tenants latest prototypes | Chipotle has drive
thru window • Daytime population more than doubles the total residential
population within a 1–mile radius
• Minimal capital expenditures with new construction and
warranties in place • Fayette County ranks third highest by per capita income
in Georgia
OVERVIEW
L OCAT ION
PRIME LOCATION IN VIBRANT RETAIL
CORRIDOR CLOSE PROXIMITY TO REGIONAL HOSPITAL
• Over 2.5 million sf of retail within a 1–mile stretch AND PROLIFIC FILM & TV STUDIO
• Less than five miles from the 282–bed Piedmont Fayette
• Two blocks south of the 1.5M SF Fayette Pavilion Hospital with over 1,600 employees
anchored by Publix, Walmart, Home Depot, Target,
DEMOG RAPHI CS
Representative Photo Cinemark, Kohl’s, Hobby Lobby, Dick’s and Burlington • Six miles from the 700–acre world class Pinewood
Atlanta Studios (Film & TV) – home to 18 sound stages
P R O P E R T Y I N F O R M AT I O N • Immediately adjacent to Lowe’s, ALDI and the Kroger ranging from 15,000 – 40,000 square feet
1135 GA Hwy-85 N, anchored Banks Crossing Shopping Center
Address
Fayetteville, GA 30214
Total GLA 12,277 SF • Part of a larger development with national credit tenants OFFERED FREE AND CLEAR
Parcel Size 2.30 Acres and luxury residential • Satterfield Marketplace is being offered free and clear
of existing debt
F INAN CIAL
ANALYS IS
Year Built 2019
• Signalized access with approximately 31,000 vehicles
OCCUPANCY per day
Aspen Dental, Chipotle, Tropical Smoothie Café,
Tenant Mix
My Eye Lab, The Original Mattress Factory
Leased 100% UNIQUE BALANCE OF NATIONAL AND
PRICING REGIONAL TENANTS
NOI $457,426 • Healthy balance of service users, restaurants and retail
Cap Rate 6.25%
• E–Commerce resistant tenant mix
Price $7,320,000 Representative Photo
• 10–year lease terms with Aspen Dental, Chipotle, My
Eye Lab and Tropical Smoothie Café
S AT T E R F I E L D M A R K E T P L A C E – TSCG.COM 6
MARKET HIGHLIGHTS
HO M E
CENTRAL LOCATION IN ESTABLISHED RETAIL NODE
The Property is located in an expansive retail node anchored by the following major retail centers:
EX ECUT IVE
SUM M A RY
• Fayette Pavilion (1,506,107 SF): Situated two blocks north of the Property – Fayette Pavilion
is a regional power center with access to SR 85 N and SR 314 N, anchored by Publix,
Walmart, Home Depot, Target, Cinemark, Kohl’s, Hobby Lobby, Dick’s and Burlington.
• Banks Crossing (256,671 SF): Catty corner to Satterfield Marketplace, Banks Crossing
is positioned at the northwest corner of Banks Rd and N Glynn St. Banks Crossing is
anchored by Kroger, JCPenney and Planet Fitness.
OVERVIEW
L OCAT ION
• Banks Station (178,871 SF): Located one block south of the Property at the southeast corner
of Banks Rd and N Glynn St. The retail center is anchored by Food Depot, Cinemark
Movies and Staples.
PINEWOOD ATLANTA STUDIOS
DEMOG RAPHI CS
Since opening in February 2014, Pinewood Atlanta Studios has grown to a full–service film
and entertainment studio complex. The massive compound sits on 700–acres, just 6 miles away
from Satterfield Marketplace. The world class studio has over 18 sound stages ranging from
15,000 to 40,000 square feet. The first production set to film at Pinewood Atlanta was Marvel
Studios’ film Ant–Man in 2014 (box office: $520 million). Since then, multiple famous films have
been produced here including Black Panther, Guardians of the Galaxy, Captain America: Civil
F INAN CIAL
ANALYS IS
War, Spider–Man: Homecoming and Avengers: Infinity War and Avengers: Endgame (Highest
Grossing Film of All Time: $2.795 billion)
PIEDMONT FAYETTE HOSPITAL
Piedmont Fayette Hospital is a 282–bed, acute care community hospital. Piedmont Fayette
Hospital has been catering to the Fayetteville community since 1997 and has received the
Healthgrades America’s 50 Best Hospitals Award for 5 consecutive years. The hospital is staffed
by more than 1,600 employees and a medical staff of over 500 physicians. Piedmont Fayette
Hospital operates under Piedmont Healthcare serving nearly two million patients annually.
S AT T E R F I E L D M A R K E T P L A C E – TSCG.COM 7
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TENANT PROFILE – CHIPOTLE
HO M E
2,500+
EX ECUT IVE
Locations
SUM M A RY
70,000+ Company Name Chipotle Mexican Grill
Employees Property Type Fast Casual Restaurant
Parent Company Name Chipotle Mexican Grill, Inc.
Ownership Public
OVERVIEW
L OCAT ION
8.7% INCREASE Number of Locations 2,500+
in sales in 2018 Headquarters Newport Beach, CA
Website www.chipotle.com
Year Founded 1993
$4.9 BILLION Traded as NYSE: CMG
DEMOG RAPHI CS
in total revenue in 2018
Founded in 1993, Chipotle is a fast casual Mexican restaurant chain. Chipotle began
when founder, Steve Ells, took an $85,000 loan from his father after attending culinary
school in New York. Steve opened the first Chipotle in Denver, Colorado. The restaurant
quickly gained momentum and the company’s footprint began rapid expansion.
The first store outside of Colorado opened in 1998 in Kansas City, Missouri.
F INAN CIAL
Subsequently, McDonald’s made an initial minority investment in the company allowing
ANALYS IS
the firm to quickly expand from 16 stores to over 500 in seven years. Shortly after, in
January 2006, Chipotle made its IPO on the New York Stock Exchange.
Today, Chipotle operates over 2,500 stores in the US, UK, Canada, Germany and
France. The #1 fast–casual Mexican chain serves over 1 million customers per day,
generating a revenue of $4.9 billion in 2018. Chipotle trades under the ticker symbol,
CMG, and is an S&P 500 Component.
Representative Photo
S AT T E R F I E L D M A R K E T P L A C E – TSCG.COM 9
TENANT PROFILE – ASPEN DENTAL
HO M E
750+
EX ECUT IVE
SUM M A RY
Locations in 41 States
4,300+ VETERANS
Company Name Aspen Dental
free dental care in 2018
Property Type Dental Clinic
Parent Company Name Aspen Dental Management, Inc.
OVERVIEW
L OCAT ION
Ownership Private
$15 MILLION
Number of Locations 750+
in free care since 2014
Headquarters Syracuse, NY
Website www.aspendental.com
Year Founded 1998
1.8 MILLION
DEMOG RAPHI CS
Patients in 2018
Headquartered in Syracuse, New York, Aspen Dental is a dental practice management
corporation that offers an extensive list of services to individuals who do not have
an established dental provider. An estimated 47 million Americans have no access
to affordable dental care. For this reason, Aspen Dental started the Healthy Mouth
Movement. Since 2014, Aspen Dental has provided more than $15 million in dentistry
for free to over 22,000 veterans and people in need.
F INAN CIAL
ANALYS IS
Since its inception in 1998, Aspen Dental now operates over 750 facilities in 41 states
and serves over 25,000 patients a day. Each Aspen Dental branded practice is owned
and operated by a licensed dentist. Aspen Dental Management, Inc. (ADMI) provides
administrative and business support services to Aspen Dental branded dental practices.
Today, ADMI is the largest branded dental support organization in the United States.
Representative Photo
S AT T E R F I E L D M A R K E T P L A C E – TSCG.COM 10TENANT PROFILES
HO M E
EX ECUT IVE
SUM M A RY
OVERVIEW
L OCAT ION
DEMOG RAPHI CS
Founded in 2013, My Eyelab has become a leader in A restaurant chain in the United States that offers a wide Built around the philosophy of removing the middleman,
the eye health industry. From eye exams to color blind array of smoothies, sandwiches, wraps, salads, flat The Original Mattress Factory provides customers
tests, the company takes a hands–on approach to fulfill its breads and bowls. The company began in 1997 in mattresses and box springs without markups. The company
customer needs. With over 2,000 men’s, women’s and Destin, FL only serving real–fruit smoothies. It wasn’t until makes every mattress they sell in their own factories, which
F INAN CIAL
ANALYS IS
children’s frames, My Eyelab has different styles for any 1999 when Tropical Smoothie Cafe expanded the menu they have in every city they service. Today, The Original
preference. into healthy food options that included breakfast, lunch Mattress Factory operates 11 factories, over 100 show
and dinner. Today, Tropical Smoothie Café operates over rooms and employs more than 400 people.
Parent company, Vision Precision Holdings, LLC, is the 750 locations in more than 44 states.
owner to Stanton Optical and My Eyelab. Since its
beginnings in 2006 (Stanton Optical) and 2013 (My
Eyelab), Vision Precision Holdings has grown to over
150 combined corporate and franchise locations.
S AT T E R F I E L D M A R K E T P L A C E – TSCG.COM 11LOCATION OVERVIEW
LOC AT ION M A P
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HO M E
ATLANTA MARKET BUSINESS
Atlanta is a highly desirable city due to its Southern hospitality, its world class business Atlanta’s top industry sectors are trade, transportation and utilities, professional and business
community, and its convenient accessibility to the southeast US, the nation and the world. The services and government. Atlanta is home to 16 Fortune 500 headquarters and 26 Fortune 1000
city is home to 16 Fortune 500 companies (#3 in the nation) and four Fortune 100 Companies. companies. The city is headquarters to major companies including Home Depot, UPS, Delta,
The city continues to grow at a rapid pace with recent statistics marking Atlanta as the 4th fastest Coca Cola, Southern Company, Genuine Parts Company and NCR. Recent announcements
EX ECUT IVE
SUM M A RY
growing population in the US. More than 5.95 million people live in the Atlanta Metropolitan of major corporate moves to Atlanta include US headquarters of Mercedes Benz with 800
Statistical Area (29 counties). The population growth in Atlanta does not expect to decelerate, employees, State Farms new regional corporate campus with 8,000 employees and Porsche’s
as analysts project an increase of nearly 3 million residents within the next 20 years. US headquarters with 450 employees. Atlanta has emerged as one of the world’s top leaders
in the film and TV sectors. In the fiscal year 2018, Georgia hosted a record 455 projects
that had an overall economic impact of $9.5 billion. Recently, the Atlanta urban market has
been transformed by the Atlanta BeltLine – a 22–mile loop connecting 45 neighborhoods and
multiple pockets within the city. The project today, which began in 2005, has created 12 miles
OVERVIEW
L OCAT ION
of trails, 315 acres of parks, nearly 3,000 affordable homes and $4.6 billion in economic
development. Upon completion, the BeltLine will create 30,000 permanent jobs, 1,300 acres
of parks, 33 miles of multi–use trails and nearly $15 billion in economic development in Atlanta.
EDUCATION
Atlanta’s universities also attract a significant number of college aged students. Emory University
DEMOG RAPHI CS
with 15,481 students (2018 enrollment) consistently ranks as one of the nation’s top private
universities. The Georgia Institute of Technology (Georgia Tech) is consistently ranked top 10
public universities in the nation and has the #4 undergraduate engineering program in the
world. Georgia Tech is located in the heart of Atlanta, where more than 32,000 total students
enroll and over 20,000 students receive a technology based education. Both Spelman and
Morehouse colleges are prestigious members of the Atlanta University Center, the largest
contiguous consortium of African American higher education institutions in the US. Georgia
State University is an urban research university located in downtown Atlanta with nearly 53,000
F INAN CIAL
ANALYS IS
total students. Overall, Atlanta is home to over 250,000 students attending 57 colleges and
universities.
TRANSPORTATION
Today, the city is a major business city and the primary transportation hub of the Southeastern
United States (via highways, railroads and air). Hartsfield–Jackson Atlanta International Airport
remains one of the city’s biggest economic drivers as it is accredited as the world’s busiest
airport serving over 107 million passengers annually. The metro area also benefits from having
three Eisenhower Interstate Highway systems that intersect in Atlanta (I–20, I–75 and I–85).
MARTA, the public transportation system with bus and rail services, is the nation’s eighth largest
public transportation system and has the capability to transport 1 million passengers daily.
S AT T E R F I E L D M A R K E T P L A C E – TSCG.COM 17DEMOGRAPHICS
DRIVE T IMES
GP S DATA | WORK LOC AT ION
GP S DATA | HOME LOC AT ION
HOUSEHOL D INCOMEPIEDMONT FAYETTE HOSPITAL
282 STUDENTS
SO U THWEST
PINEWOOD ATLANTA
STUDIOS
FAYETTEVILLE COUNTY HIGH SCHOOL
1,364 STUDENTS
FAYETTEVILLE ELEMENTARY SCHOOL
478 STUDENTS
HUDSON PLAZA
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HO M E
5 minutes 10 minutes 15 minutes
Population
2018 Total Population 5,157 55,422 176,277
2023 Total Population 5,326 57,729 185,072
2010 Total Population 4,781 51,331 161,082
EX ECUT IVE
2018 Group Quarters Population 4 409 2,616
SUM M A RY
2010-2017 Population: Annual Growth Rate 0.82% 0.83% 0.98%
2017-2022 Population: Annual Growth Rate 0.65 0.82 0.98
2018 Male Population 2,425 26,144 83,385
2018 Female Population 2,732 29,278 92,892
2018 Median Age 48.9 39.6 36.9
Households
2018 Total Households 2,057 20,201 61,653
OVERVIEW
L OCAT ION
2023 Total Households 2,127 21,076 64,756
2018 Owner Occupied Housing Units 1,664 13,650 41,470
2018 Median Home Value $196,338 $174,860 $147,148
Population By Race
2018 White Population 2,136 41.41% 15,248 27.51% 37,139 21.07%
2018 Black/African American Population 2,465 47.79% 33,923 61.21% 121,590 68.98%
2018 American Indian/Alaska Native Population 12 0.23% 165 0.30% 502 0.28%
DEMOG RAPHI CS
2018 Asian Population 323 6.26% 2,414 4.36% 6,350 3.60%
2018 Pacific Islander Population 7 0.14% 53 0.10% 129 0.07%
2018 Other Race Population 77 1.49% 2,102 3.79% 5,875 3.33%
2018 Hispanic Population 262 5.08% 4,443 8.02% 13,035 7.39%
Educational Attainment
2018 Pop 25 +: Less than 9th Grade 50 1.28% 898 2.35% 3,523 3.00%
2018 Pop 25 +: 9-12th Grade/No Diploma 113 2.89% 1,869 4.90% 7,333 6.24%
2018 Pop 25 +: High School Diploma 867 22.14% 9,789 25.65% 31,110 26.48%
2018 Pop 25 +: GED/Alternative Credential 161 4.11% 1,299 3.40% 4,008 3.41%
F INAN CIAL
ANALYS IS
2018 Pop 25 +: Some College/No Degree 915 23.37% 8,346 21.87% 27,901 23.75%
2018 Pop 25 +: Associate's Degree 269 6.87% 3,321 8.70% 10,741 9.14%
2018 Pop 25 +: Bachelor's Degree 959 24.49% 8,049 21.09% 20,863 17.76%
2018 Pop 25 +: Graduate/Professional Degree 582 14.86% 4,587 12.02% 11,985 10.20%
Income
2018 Average Household Income $87,325 $77,452 $71,691
2018 Median Household Income $71,051 $59,137 $54,951
2018 Per Capita Income $33,482 $28,302 $25,120
Daytime Population
2018 Total Daytime Population 11,712 50,934 136,223
2018 Daytime Population: Workers 8,969 22,402 44,405
2018 Daytime Population: Residents 2,743 28,532 91,818
Source: Esri, U.S. Census Copyright: The Shopping Center Group, LLC
S AT T E R F I E L D M A R K E T P L A C E – TSCG.COM 20The map tracks devices of people that are known to have visited Fayette Pavilion from their work locations. Each dot on the map reflects ½ square mile, and the percentage associated with each Trade Area represents the number of devices seen in that Trade Area out of all devices seen at the subject property. A statistical methodology is used to create each color–coded Trade Area break with the density of devices in the grids from Primary to Quinary. Note: This data represents density of devices, not frequency of visits.
The map tracks devices of people that are known to have visited Fayette Pavilion from their households. Each dot on the map reflects ½ square mile, and the percentage associated with each Trade Area represents the number of devices seen in that Trade Area out of all devices seen at the subject property. A statistical methodology is used to create each color–coded Trade Area break with the density of devices in the grids from Primary to Quinary. Note: This data represents density of devices, not frequency of visits.
FINANCIAL ANALYSIS
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HO M E
Primary Term Rental Rates Options Option Term Rental Rates
Suite Tenant Name GLA (SF) PRS Primary Term Years PSF Monthly Annual (# / Yrs.) Option PSF Monthly Annual
EX ECUT IVE
SUM M A RY
1 Aspen Dental 3,520 28.67% 10 Years 1–5 $38.00 $11,146.67 $133,760 Two / 5–Yrs. Option 1 $45.98 $13,487.47 $161,850
6–10 $41.80 $12,261.33 $147,136 Option 2 $50.58 $14,836.80 $178,042
2 The Original Mattress Factory 2,400 19.55% 5 Years 1–5 $34.00 $6,800.00 $81,600 One / 5–Yrs. Option 1 $37.40 $7,480.00 $89,760
3 Tropical Smoothie Cafe 1,407 11.46% 10 Years 1–5 $36.50 $4,279.63 $51,356 Two / 5–Yrs. Option 1 $44.17 $5,178.93 $62,147
6–10 $40.15 $4,707.59 $56,491 Option 2 $48.58 $5,696.01 $68,352
4 My Eyelab 2,430 19.79% 10 Years 1–5 $37.00 $7,492.50 $89,910 Two / 5–Yrs. Option 1 $44.77 $9,065.93 $108,791
6–10 $40.70 $8,241.75 $98,901 Option 2 $49.25 $9,973.13 $119,678
OVERVIEW
L OCAT ION
5 Chipotle Mexican Grill 2,520 20.53% 10 Years 1–5 $40.00 $8,400.00 $100,800 Four / 5–Yrs. Option 1 $48.40 $10,164.00 $121,968
6–10 $44.00 $9,240.00 $110,880 Option 2 $53.24 $11,180.40 $134,165
Option 3 $58.56 $12,297.60 $147,571
Option 4 $64.42 $13,528.20 $162,338
Occupied Sqft: 12,277 100% $38,118.79 $457,426
Vacant Sqft: 0 0% $0 $0
DEMOG RAPHI CS
Total Sqft: 12,277 100% $38,118.79 $457,426
REIMBURSEMENT METHO DOLOGY
F INAN CIAL
ANALYS IS
Tenant Name GLA PRS CAM Taxes Insurance
(SF)
Aspen Dental 3,520 28.67% Fixed – 3% annual increase Net Net
The Original Mattress Factory 2,400 19.55% Fixed – 3% annual increase Net Net
Tropical Smoothie Cafe 1,407 11.46% Fixed – 5% annual increase Net Net
My Eyelab 2,430 19.79% Fixed – 3% annual increase Net Net
Chipotle Mexican Grill 2,520 20.53% Fixed – 2% annual increase Net Net
S AT T E R F I E L D M A R K E T P L A C E – TSCG.COM 26CASH FLOW
HO M E
EX ECUT IVE
SUM M A RY
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
Oct–2020 Oct–2021 Oct–2022 Oct–2023 Oct–2024 Oct–2025 Oct–2026 Oct–2027 Oct–2028 Oct–2029 Oct–2030
RENTAL REVENUE
Potential Base Rent 457,426 457,426 457,426 457,426 457,426 503,168 503,168 503,168 503,168 503,168 553,492
Absorption & Turnover Vacancy 0 0 0 0 0 0 0 0 0 0 –16,456
Scheduled Base Rent 457,426 457,426 457,426 457,426 457,426 503,168 503,168 503,168 503,168 503,168 537,036
OVERVIEW
L OCAT ION
Total Rental Revenue 457,426 457,426 457,426 457,426 457,426 503,168 503,168 503,168 503,168 503,168 537,036
OTHER TENANT REVENUE
Expense Recoveries
CAM 39,290 40,504 41,758 43,054 44,392 45,776 47,205 48,682 50,209 51,787 51,402
DEMOG RAPHI CS
Taxes 15,346 28,958 29,826 30,721 31,643 32,592 33,570 34,577 35,614 36,683 36,552
Insurance 3,683 3,794 3,907 4,025 4,145 4,270 4,398 4,530 4,666 4,806 4,789
Total Other Tenant Revenue 58,319 73,255 75,492 77,800 80,181 82,638 85,173 87,789 90,489 93,275 92,743
Effective Gross Revenue 515,744 530,681 532,917 535,225 537,606 585,806 588,341 590,957 593,657 596,444 629,779
OPERATING EXPENSES
CAM 39,290 40,468 41,682 42,933 44,221 45,547 46,914 48,321 49,771 51,264 52,802
F INAN CIAL
ANALYS IS
Taxes 15,346 28,958 29,826 30,721 31,643 32,592 33,570 34,577 35,614 36,683 37,783
Insurance 3,683 3,794 3,907 4,025 4,145 4,270 4,398 4,530 4,666 4,806 4,950
Total Operating Expenses 58,319 73,220 75,416 77,679 80,009 82,409 84,882 87,428 90,051 92,752 95,535
NET OPERATING INCOME 457,426 457,461 457,501 457,547 457,597 503,397 503,460 503,529 503,606 503,691 534,244
S AT T E R F I E L D M A R K E T P L A C E – TSCG.COM 27N O RTH
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FAYETTEVILLE CORNERSDISCLAIMER
This Offering Memorandum has been prepared by TSCG for The Offering Memorandum does not constitute a representation This Offering Memorandum and the contents, except such
use by interested parties to evaluate the potential acquisition that there has been no change in the business or affairs of information which is a matter of public record or is provided
of Satterfield Marketplace located in Fayetteville, Georgia (the the Property or Owner since the date of preparation of the in sources available to the public, are of a confidential nature.
“Property”). All projections have been developed by TSCG, Offering Memorandum. Analysis and verification of the By accepting this Offering Memorandum, you agree that you
Owner and designated sources, are based upon assumptions information contained in the Offering Memorandum is solely will hold and treat it in the strictest confidence, that you will
relating to the general economy, competition, and other factors the responsibility of the prospective purchaser. not photocopy or duplicate it, that you will not disclose this
beyond the control of TSCG and Owner, and therefore are Offering Memorandum or any of the contents to any other entity
subject to variation. No representation is made by TSCG or Additional information and an opportunity to inspect the (except to outside advisors retained by you, if necessary, for
Owner as to the accuracy or completeness of the information property will be made available to interested and qualified your determination of whether or not to make a proposal and
contained herein, and nothing contained herein is or shall prospective investors upon written request. Owner and TSCG from whom you have obtained an agreement of confidentiality)
be relied on as a promise or representation as to the future each expressly reserve the right, at their sole discretion, to reject without the prior written authorization of Owner or TSCG and
performance of the Property. Although the information contained any or all expressions of interest or offers regarding the property that you will use the information in this Offering Memorandum
herein has been obtained from sources deemed to be reliable and/or terminate discussions with any entity at any time with for the sole purpose of evaluating your interest in the property
and believed to be correct, TSCG, Owner and its employees or without notice. Owner shall have no legal commitment or and you will not use the Offering Memorandum or any of the
disclaim any responsibility for inaccuracies and expect obligations to any entity reviewing this Offering Memorandum contents in any fashion or manner detrimental to the interest of
prospective purchasers to exercise independent due diligence or making an offer to purchase the property unless and until Owner or TSCG. If you have no interest in the property, please
in verifying all such information. Further, TSCG, Owner and such offer is approved by Owner, a written agreement for the return the Offering Memorandum to TSCG.
its employees disclaim any and all liability for representations purchase of the property has been fully executed, delivered and
and warranties, expressed and implied, contained in, or for approved by Owner and its legal counsel, and any obligations © 2019 TSCG All Rights Reserved
omissions from, the Offering Memorandum or any other written set by Owner thereunder have been satisfied or waived.
or oral communication transmitted or made available to the
recipient.
S AT T E R F I E L D M A R K E T P L A C E – TSCG.COM 29NEAL PRINGLE ADAM BIRNBREY
Director of Investment Sales Investment Sales Associate
P 770.955.2434 P 770.955.2434
Neal.Pringle@tscg.com Adam.Birnbrey@tscg.comYou can also read
