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Atlanta & Southeast  + Retail  |  December 3, 2020
David Cohen
By: David Cohen

Stan Johnson Co. Arranges First U.S. Sale of Lidl Grocery Store

Investment sales brokerage firm Stan Johnson Co. has completed the ground lease sale of a Lidl grocery store in Marietta. The location is the first investment sale transaction for the brand since entering the U.S. market in 2017. The sales price was $4.8 million.

Located at 670 Whitlock Ave., the 29,136-square-foot retail building was constructed in 2020 and sits on three acres. The 20-year, absolute triple net lease features regular rent increases.

Mike Sladich, Joey Odom, Maggie Holmes, Mollie Alteri and Michael Watson of Stan Johnson Co. represented the Atlanta-based seller, Blanchard Real Estate, in the transaction. The property was acquired by a foreign investment fund.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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