Property Listing No Longer Available for Sale

5475 Buford Highway, Norcross, GA

Retail for Sale - $850,000 - 5,135 Sq. Ft. on 0.6 acres


Property Info

CIMLS#1013258
Location
  5475 Buford Highway
  Norcross GA 30071
UpdatedAugust 24th, 2018
TypeRetail
Price$850,000
Building5,135 Sq. Ft.
Land0.6 acres

Property Description

Recently renovated, 100% leased, 5,135 square foot, three tenant retail building in a prime location at Buford Highway and Beaver Ruin Road in Norcross, GA. Excellent opportunity for mid to long-term investor. Current rents below market average. Recently signed up tenant in last vacant suite. Property is located in a high growth corridor near I-85 and I-285 for a strong longer-term buy and hold opportunity for future redevelopment. Renovation includes new roof, exterior paint, main water line, awnings and parking lot.


Financials

- NOI of $55,600.

- $850,000 represents 6.5% in-place cap rate.

- Fully leased at market rates once tenants roll: $94,000 NOI, roughly $1,200,000 value at 8% cap rate.



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