Sugarloaf Village

Sugarloaf Village

1685 Old Norcross Rd.
Lawrenceville, GA

Price: $7,665,000
Cap: 7.25%
NOI: $555,667
Building Size: 32,000
Lot Size: 3.50 AC.

Investment Highlights

UNANCHORED RETAIL STRIP CENTER | ATLANTA MSA
• The subject property is 32,060 SF of unanchored retail space located in a dense and affluent suburb of Atlanta – Lawrenceville, GA
• Sugarloaf Village presents investors a stabilized investment with organic NOI growth
• All tenants have annual increases in rent
• Rents in-line with market | Avg. Rent: $19/SF
• E-Commerce resistant | Complimentary mix of service-oriented Tenants

STRATEGIC LOCATION
• High Traffic Area | Property is positioned at the corner of Old Norcross Road (19,100) and Sugarloaf Pkwy (43,900 VPD)
• Adjacent to major throughfare SR-316 (108,000 VPD)
• Major Retail Corridor | Surrounding Tenants: Publix, Starbucks, Chick-Fil-A, McDonald’s, Chipotle, Wendy’s, KFC, and more
• Sugarloaf Village is positioned in a dense and affluent suburban pocket & directly in the path of growth of the Atlanta MSA
• 32,000 households in 3-Mile radius | $85K Avg. HHI
• Property sits at the entrance of Sugarloaf Crossing Apartment Complex (262 Units)
• Sugarloaf Village sits on the same road & is in within 1-mile of Maxwell High School, Gwinnett School of Mathematics & Science, & D iscovery Highschool

SIGNIFICANT CAPITAL INVESTMENT
• Seller has spent $500,000+ on new capital improvements to the center including:
• New buildout to several spaces including two grease traps
• New paint to the center
• Landscape enhancements including new drainage system to back of the building
• New Gutters & Downspouts
• New Monument Sign
• 4 New HVAC Units
• New LED Lighting on back of building & parking lot lights
• Parking Lot Repairs with Stripe & Seal
• In addition to these, the seller cleaned up and legitimized leases for many of the tenants during ownership
• Over $100,000 was spent in leasing commissions
• Over $900,000 was invested by tenants in buildouts between Paws and Parks, Michoacan Ice Cream, Al Pan
Caliente Bakery, Apex Nails, Adecco, Something Healthy, and Venezuelan Food Mart

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 nonprofit, 500-bed health care network comprised of two

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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