Crotts Enterprises sold the 98%-leased property to Network 21 Neighborhood Centers for $139.04 per sf. Buyer and seller are from Atlanta. Average asking rent is $16 per sf. Italian Oven and JR Crickets are the major tenants.

Besides its proximity to Atlanta, the Henry County property is strategically located across the street from Eagle's Landing County Club, an 18-hole golf course community, 20 minutes south of Downtown Atlanta.

Atlanta-based NewBridge Retail Advisors managing partner Gary Saykaly, who negotiated for the buyer, tells GlobeSt.com the deal was "an excellent example of the new investment capital entering market, given the attractive leverage returns." Network 21 Neighborhood Centers was "a motivated private investment entity that is relatively new to the retail investment market," Saykaly says.