Vickery Village, GA

Vickers-Aerial

Vintage Real Estate Fund I, LLC provided partial capitalization for the Vickery Village project, which is an approximate 7.5 acre, multi-use, pedestrian friendly development originally developed in 2006 and part of the master planned development known as Vickery.  The world-renowned, New Urbanism focused architectural firm DPZ originally designed Vickery Village, which is characterized as a well located, adequately accessible, highly visible neighborhood shopping center (with office and residential) anchored by regional restaurants and shadow anchored by the Y.M.C.A.  The Property is comprised of 78,249 rentable square feet with the majority being restaurant and retail (73%) with the balance consisting of office space (3 separate buildings).  The site is located within the coveted northern corridor of Atlanta, GA “MSA” (Forsyth County) and serves as a primary retail node for a host of residential communities (well over 25 PUDs within the Vickery Village trade radius, including Vickery and to the immediate east The Polo Golf & Country Club).  The Property is located at the intersection of Post Rd. and Majors Rd. in the City of Cumming, GA.  The following serve as material economic drivers for Vickery Village;  1) Premier Residential – an abundance of middle and high-end residential communities within Forsyth County, which is ranked by Forbes Magazine as one of the fastest growing residential areas in the nation, 2) Education – the Property is adjacent to Vickery Middle and Elementary schools and falls within the West Forsyth High School district (all highly sought public education alternatives), 3) Low Tax Structure – Forsyth Co. has a lower property tax structure than the neighboring Fulton County, 4) Access – easy access to the main North – South corridor of GA 400 Hwy. and several key east-west corridors, 5) Nearby Commercial Development – more commercial development has occurred over the last few years to supplement Vickery Village’s tenancy and the surrounding residential neighborhood, 6) Recreation – Big Creek Greenway, Fowler Park and Midway Park are all within 2 – 3 miles of the Project and 7) Demographics – strong demographics with Avg. Household Income of $137,000 within one (1) mile radius and Avg. Home Value of $398,000 within that same radius.