2695 Sugarloaf Parkway, SE
Lawrenceville, GA
Retail for Sale - $3,100,000 - 22,658 Sq. Ft. on 1.79 acres
Property Info
| CIMLS# | 763058 |
| Location 2695 Sugarloaf Parkway, SE Lawrenceville GA 30046 | |
| Updated | December 5th, 2014 |
| Type | Retail |
| Price | $3,100,000 |
| Building | 22,658 Sq. Ft. |
| Land | 1.79 acres |
Property Description
Beautiful 100% leased retail center located in high traffic location in Lawrenceville, Georgia. Sugarloaf Walk is located in a high growth residential corridor in Lawrenceville, with a population exceeding 69,000 within 3 miles and 184,000 within 5 miles; both projected to grow by 9.5% over the next 5 years. The center is strategically positioned with excellent access and visibility along Sugarloaf Parkway, a major east-west route connecting with GA 316 and Interstate 85.
Key Highlights:
-NOI: $247,077
-CAP Rate: 7.9%
-Cash-on-cash Return: 15.15%
-IRR: 17.77%
-100% leased to mix of franchise and local tenants
-Excellent demographics and traffic counts
-In place assumable debt (10 year term/30 year amortization) reduces cash requirements (debt must be assumed)
-Well-built facility constructed in 2006
See offering package for details. Visit http://sugarloafwalk.weebly.com/ for property website.
For more information, please contact Frank Meyrath or John Harrison.
Frank Meyrath
Bull Realty, Inc.
404-876-1640 ext. 129
FMeyrath@BullRealty.com
John Harrison
Bull Realty, Inc.
404-876-1640 ext. 106
JHarrison@BullRealty.com
