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Shopping Strip

Village Shoppes at Creekside

860 Duluth Hwy, Lawrenceville, GA 30043

Listing Price: $12,626,000

Cap Rate
7.88%
Gross SF
98,859
Rentable SF
98,859
Price/Gross SF
$127.72
Lot Size
10.95 acres
Year Built
2006

Investment Overview

VILLAGE SHOPPES AT CREEKSIDE • The subject property is a 98,859 SF Retail Offering in the Atlanta MSA • Village Shoppes offers investors a unique mix of leasing momentum, stability, & upside • Center is 90% occupied (Pending Lease execution from Hibbett & AAA Insurance) • Center has WALT of 5.23 Years • Proforma CAP: 10.73% • 5-Year IRR: 25.72% LEASING MOMENTUM • 2019 - Badcock Furniture executed a 10-year lease • 2019 - Bol-Deals executed a 6-Year Lease • 2020 - Harbor Freight tools executed a 10-Year lease • 2020 - Results Physiotherapy executed a 6-Year lease • 2020 - Priority Shipping executed a 6-year lease • 2021 - Mas Por Menos Grocery executed a 6-year lease • 2021 - Xhale City executed 5-Year Lease • Seller has Pending Leases with AAA and Hibbett Sports for 7,858 SF • In addition to these tenants, center has brought on Starbucks, Chipotle, Firehouse Subs, Tropical Smoothie Cafe & AcuQuest Diagnostics in the outparcels UPSIDE OPPORTUNITY • The subject is offered at 90% occupied with 5 vacant units • Year 1 CAP Rate: 8.00% | Cash on Cash: 11.34% • Year 5 Cap Rate: 10.75% | IRR: 23.85% (Fully Occupied under Current Market Leasing Assumptions) EXCELLENT PHYSICAL CONDITION • This asset features upgraded construction with an attractive stone facade & new paint • The roof on buildings 100 & 200 were replaced in 2019 and have transferable 20-year warranties • Recent sections of the parking lot were replaced in 201

Investment Highlights

  • 98,858 SF Retail Center
  • 10.75% Proforma CAP | 23% IRR
  • GA-120 (52,000 VPD)
  • Major Retail Corridor | 2M SF of Retail
  • 53,024 SF Leased Since 2019

Exclusively Listed By

Shopping Strip

Village Shoppes at Creekside

Listing Price: $12,626,000

Cap Rate
7.88%
Gross SF
98,859
Rentable SF
98,859
Price/Gross SF
$127.72
Lot Size
10.95 acres
Year Built
2006

Investment Highlights

  • 98,858 SF Retail Center
  • 10.75% Proforma CAP | 23% IRR
  • GA-120 (52,000 VPD)
  • Major Retail Corridor | 2M SF of Retail
  • 53,024 SF Leased Since 2019

Investment Overview

VILLAGE SHOPPES AT CREEKSIDE • The subject property is a 98,859 SF Retail Offering in the Atlanta MSA • Village Shoppes offers investors a unique mix of leasing momentum, stability, & upside • Center is 90% occupied (Pending Lease execution from Hibbett & AAA Insurance) • Center has WALT of 5.23 Years • Proforma CAP: 10.73% • 5-Year IRR: 25.72% LEASING MOMENTUM • 2019 - Badcock Furniture executed a 10-year lease • 2019 - Bol-Deals executed a 6-Year Lease • 2020 - Harbor Freight tools executed a 10-Year lease • 2020 - Results Physiotherapy executed a 6-Year lease • 2020 - Priority Shipping executed a 6-year lease • 2021 - Mas Por Menos Grocery executed a 6-year lease • 2021 - Xhale City executed 5-Year Lease • Seller has Pending Leases with AAA and Hibbett Sports for 7,858 SF • In addition to these tenants, center has brought on Starbucks, Chipotle, Firehouse Subs, Tropical Smoothie Cafe & AcuQuest Diagnostics in the outparcels UPSIDE OPPORTUNITY • The subject is offered at 90% occupied with 5 vacant units • Year 1 CAP Rate: 8.00% | Cash on Cash: 11.34% • Year 5 Cap Rate: 10.75% | IRR: 23.85% (Fully Occupied under Current Market Leasing Assumptions) EXCELLENT PHYSICAL CONDITION • This asset features upgraded construction with an attractive stone facade & new paint • The roof on buildings 100 & 200 were replaced in 2019 and have transferable 20-year warranties • Recent sections of the parking lot were replaced in 201

Exclusively Listed By

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