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Shopping Strip

Sugarloaf Village

1685 Old Norcross Rd, Lawrenceville, GA 30046

Listing Price: $6,026,000

Cap Rate
7.00%
Gross SF
32,060
Rentable SF
32,060
Price/Gross SF
$187.96
Lot Size
3.50 acres
Year Built
2008

Investment Overview

WELL LOCATED RETAIL STRIP CENTER • The subject property is a 32,060 SF value add retail strip center located in Lawrenceville (Atlanta MSA), GA • Sugarloaf Village presents investors an immediate upside opportunity through leasing & management • Below Market Rents | Average base rental rate of $14.39/SF Gross • All Tenants are on Gross Leases. $20/SF Market rent with NNN Reimbursements equals a 10.64% Proforma Cap • E-Commerce resistant | Complimentary mix of service-oriented tenants STRATEGIC LOCATION • High Traffic Area | Property is positioned on Old Norcross Road (18,800) connecting Sugarloaf Pkwy (45,800 VPD) to GA-120 (52,000 VPD) • Major Retail Corridor | Surrounding Tenants: Publix, Starbucks, Chick Fi La, McDonald’s, Chipotle, Wendy’s, KFC, and more • Sugarloaf Village is nestled in a dense and affluent suburban pocket (31,000 households in 3-Mile radius | $87K Avg. HHI) directly in the path of growth of the Atlanta MSA • Property sits at the entrance of Sugarloaf Crossing Apartment Complex (262 Units) • Subject sits on the same road & is in within 1-mile of Maxwell High School, Gwinnett School of Mathematics & Science, & Discovery Highschool 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

  • Attractive North Atlanta Suburb
  • High Traffic Intersection | 65k+ Combined VPD
  • Stellar Demos | 5-Mile Pop.: 228,708/HHI $87,154
  • Upside Opportunity | 10.64% Proforma Cap
  • Below Market Rent | $14/SF AVG
  • E-Commerce Resistant Tenants

Exclusively Listed By

Listing Price: $6,026,000

Cap Rate
7.00%
Gross SF
32,060
Rentable SF
32,060
Price/Gross SF
$187.96
Lot Size
3.50 acres
Year Built
2008

Investment Highlights

  • Attractive North Atlanta Suburb
  • High Traffic Intersection | 65k+ Combined VPD
  • Stellar Demos | 5-Mile Pop.: 228,708/HHI $87,154
  • Upside Opportunity | 10.64% Proforma Cap
  • Below Market Rent | $14/SF AVG
  • E-Commerce Resistant Tenants

Investment Overview

WELL LOCATED RETAIL STRIP CENTER • The subject property is a 32,060 SF value add retail strip center located in Lawrenceville (Atlanta MSA), GA • Sugarloaf Village presents investors an immediate upside opportunity through leasing & management • Below Market Rents | Average base rental rate of $14.39/SF Gross • All Tenants are on Gross Leases. $20/SF Market rent with NNN Reimbursements equals a 10.64% Proforma Cap • E-Commerce resistant | Complimentary mix of service-oriented tenants STRATEGIC LOCATION • High Traffic Area | Property is positioned on Old Norcross Road (18,800) connecting Sugarloaf Pkwy (45,800 VPD) to GA-120 (52,000 VPD) • Major Retail Corridor | Surrounding Tenants: Publix, Starbucks, Chick Fi La, McDonald’s, Chipotle, Wendy’s, KFC, and more • Sugarloaf Village is nestled in a dense and affluent suburban pocket (31,000 households in 3-Mile radius | $87K Avg. HHI) directly in the path of growth of the Atlanta MSA • Property sits at the entrance of Sugarloaf Crossing Apartment Complex (262 Units) • Subject sits on the same road & is in within 1-mile of Maxwell High School, Gwinnett School of Mathematics & Science, & Discovery Highschool 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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