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 | |
Updated | August 24th, 2018 |
Type | Retail |
Price | $850,000 |
Building | 5,135 Sq. Ft. |
Land | 0.6 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.