Investment Overview

Cornerstone Village is a 100% occupied, three tenant - 9,101 square foot retail strip center located in the growing Atlanta suburb of Dacula, Georgia. The tenant roster features an e-commerce resistant mix of Friends Bar & Grill, Creations Barbershop, and Avanti Nail Spa. The property was built in 2007 with all brick construction and shows zero visible deferred maintenance. The local sub-market for retail shows very little vacancy with rents averaging about $24 per square foot range contrasted to the subject property with an average base rent of only $17.93 per square foot. The property is positioned adjacent to Dacula Village, a Publix anchored retail center and features direct visibility on Dacula Road with traffic counts approximately 17,300 +/- vehicles per day. The area surrounding the property has excellent demographics with an average household income of $117,451 in a one mile radius. There has been significant growth in the area with the five mile population up 230% since 2000, and projected to grow another 8% in the next five years. There are many new residential and retail developments nearby showing this continued growth in the area. It is directly across from Hebron Christian Academy which has over 1,150 students, and in 2019 underwent a $10M Expansion project with a State of the Art Middle School and Fine Arts Center.