Sugarloaf Village

Sugarloaf Village

1685 Old Norcross Rd
Lawrenceville, GA

Price: $6,026,000
Cap: 7.00%
NOI: $421,797
Building Size: 32,026
Lot Size: 3.5 AC

Investment Highlights

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

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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