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Shopping Strip

Sugarloaf Walk

2695 Sugarloaf Pkwy, Lawrenceville, GA 30045

Listing Price: $2,495,000

Cap Rate
7.00%
Gross SF
22,291
Rentable SF
22,291
Price/Gross SF
$111.93
Lot Size
1.79 acres
Year Built
2006

Investment Overview

WELL LOCATED STRIP • The subject property is a bank owned 22,291 SF retail strip center located in the Atlanta MSA • At 85% leased, Sugarloaf Walk presents investors an immediate upside opportunity through lease up of the two vacant suites. • Below Market Rents | Average base rental rate of $10.73/SF • Leasing Momentum | 3 leases/extensions signed in the last 12 months. • E-Commerce resistant | Complimentary mix of service-oriented tenants STRATEGIC LOCATION • Property is positioned at the high traffic intersection of Sugarloaf Pkwy (32,000 VPD) & Scenic HWY N (41,400 VPD) and sees over 73,000+ vehicles per day • Sugarloaf Walk is nestled in a dense and affluent suburban pocket (24,000 households in 3-Mile radius | $96K Avg. HHI) directly in the path of growth of the Atlanta MSA DENSE NORTH ATLANTA SUBURB • Lawrenceville, GA is the county seat of Georgia’s second most populated county (Gwinnett: Pop 936K | 16% Growth since 2010) and is Atlanta Metropolitan Area. • The City of Lawrenceville is the second oldest city in Metro Atlanta. • Lawrenceville is home to the Atlanta Braves Minor League Baseball Team at Coolray Field and the Atlanta Gladiators, a professional minor league hockey team • Lawrenceville has Two Public Colleges: Gwinnett Technical College (12+K Students) and Georgia Gwinnett (12+K Students) • Lawrenceville is home to Northside Hospital Gwinnett (formerly Gwinnett Medical Center) which is a non-profit, 500-bed health care network comprised of two hospitals & several supporting medical facilities, more than 4,300 employees and 800 affiliated physicians

Investment Highlights

  • High Traffic Intersection | 73,000 VPD
  • Upside Through Vacancy
  • Below Market Rent | $10 PSF
  • Stellar Demos | 5-Mile Pop: 190K | 5-Mile HHI: $90,820
  • Leasing Momentum | 3 Leases/Extensions Signed
  • E-Commerce Resistant Tenants

Exclusively Listed By

Listing Price: $2,495,000

Cap Rate
7.00%
Gross SF
22,291
Rentable SF
22,291
Price/Gross SF
$111.93
Lot Size
1.79 acres
Year Built
2006

Investment Highlights

  • High Traffic Intersection | 73,000 VPD
  • Upside Through Vacancy
  • Below Market Rent | $10 PSF
  • Stellar Demos | 5-Mile Pop: 190K | 5-Mile HHI: $90,820
  • Leasing Momentum | 3 Leases/Extensions Signed
  • E-Commerce Resistant Tenants

Investment Overview

WELL LOCATED STRIP • The subject property is a bank owned 22,291 SF retail strip center located in the Atlanta MSA • At 85% leased, Sugarloaf Walk presents investors an immediate upside opportunity through lease up of the two vacant suites. • Below Market Rents | Average base rental rate of $10.73/SF • Leasing Momentum | 3 leases/extensions signed in the last 12 months. • E-Commerce resistant | Complimentary mix of service-oriented tenants STRATEGIC LOCATION • Property is positioned at the high traffic intersection of Sugarloaf Pkwy (32,000 VPD) & Scenic HWY N (41,400 VPD) and sees over 73,000+ vehicles per day • Sugarloaf Walk is nestled in a dense and affluent suburban pocket (24,000 households in 3-Mile radius | $96K Avg. HHI) directly in the path of growth of the Atlanta MSA DENSE NORTH ATLANTA SUBURB • Lawrenceville, GA is the county seat of Georgia’s second most populated county (Gwinnett: Pop 936K | 16% Growth since 2010) and is Atlanta Metropolitan Area. • The City of Lawrenceville is the second oldest city in Metro Atlanta. • Lawrenceville is home to the Atlanta Braves Minor League Baseball Team at Coolray Field and the Atlanta Gladiators, a professional minor league hockey team • Lawrenceville has Two Public Colleges: Gwinnett Technical College (12+K Students) and Georgia Gwinnett (12+K Students) • Lawrenceville is home to Northside Hospital Gwinnett (formerly Gwinnett Medical Center) which is a non-profit, 500-bed health care network comprised of two hospitals & several supporting medical facilities, more than 4,300 employees and 800 affiliated physicians

Exclusively Listed By

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