Shopping Strip
Essex Plaza III
1195 Scenic Hwy S, Lawrenceville, GA 30045
Listing Price: $3,325,000
Investment Overview
Essex Plaza III is a 12,937 SF neighborhood shopping center located in Lawrenceville, GA - a highly desirable suburb just north of Atlanta. The property benefits from excellent visibility from Scenic Highway with almost 40,000 vehicles per day. It sits in a dense retail corridor with close proximity to both Snellville Exchange and The Shoppes at Webb Gin, each with full rosters of national tenants and drawing traffic to the area. The center has maintained very strong tenancy with 4 of the 5 tenants exercising lease extensions and giving a weighted average lease term over 5 years.
The property features all brick construction with new LED parking lot lights and new TPO roof completed in 2019 with a 20 year warranty. The area boasts a strong demographic profile with an average household incomes over $126k in a one mile radius of the property. Population for this area is 196k people within a five mile radius and expected to reach over 205k by 2027.
Essex Plaza III
Investment Highlights
- 12,973 SF Inline Neighborhood Retail Center Located in Lawrenceville, GA | High Growth Atlanta MSA Submarket
- 100% Occupied with 5 Tenants on Fully NNN Leases | Excellent Synergy Among Tenant Businesses
- Located in a Dense Retail Corridor with Visibility from Scenic Highway (39,600+ Vehicles Per Day)
- All Brick Construction | New Roof Installed in 2019 with 20 Year Warranty | New LED Parking Lot Lights
- Established Tenancy - 4 of 5 Tenants Have Exercised Lease Extensions | Long Lease Terms with WALT over 5 Years
- Strong Demographics with Over 197k People in a 5-Mile Radius | $126k Average Household Income in a 1-Mile Radius
Exclusively Listed By
Financing By
Listing Price: $3,325,000
Investment Highlights
- 12,973 SF Inline Neighborhood Retail Center Located in Lawrenceville, GA | High Growth Atlanta MSA Submarket
- 100% Occupied with 5 Tenants on Fully NNN Leases | Excellent Synergy Among Tenant Businesses
- Located in a Dense Retail Corridor with Visibility from Scenic Highway (39,600+ Vehicles Per Day)
- All Brick Construction | New Roof Installed in 2019 with 20 Year Warranty | New LED Parking Lot Lights
- Established Tenancy - 4 of 5 Tenants Have Exercised Lease Extensions | Long Lease Terms with WALT over 5 Years
- Strong Demographics with Over 197k People in a 5-Mile Radius | $126k Average Household Income in a 1-Mile Radius
Investment Overview
Essex Plaza III is a 12,937 SF neighborhood shopping center located in Lawrenceville, GA - a highly desirable suburb just north of Atlanta. The property benefits from excellent visibility from Scenic Highway with almost 40,000 vehicles per day. It sits in a dense retail corridor with close proximity to both Snellville Exchange and The Shoppes at Webb Gin, each with full rosters of national tenants and drawing traffic to the area. The center has maintained very strong tenancy with 4 of the 5 tenants exercising lease extensions and giving a weighted average lease term over 5 years. The property features all brick construction with new LED parking lot lights and new TPO roof completed in 2019 with a 20 year warranty. The area boasts a strong demographic profile with an average household incomes over $126k in a one mile radius of the property. Population for this area is 196k people within a five mile radius and expected to reach over 205k by 2027.
Exclusively Listed By
Financing By
