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SHOPPES AT WILLIAM'S PLACE 2007 Scenic Hwy N

9,989 SF 100% Leased Retail Building Snellville, GA 30078 £3,566,895 (£357/SF) 7.03% Net Initial Yield

Investment Highlights

  • Strategic Hard Corner Site – Irreplaceable pin corner location on Scenic Highway with exceptional frontage, visibility, and multiple access points.
  • 100% Leased – Home to a synergistic mix of essential retail tenants including Smoothie King, Bon de Paris, Ubreakifix, and others.
  • Thriving Retail Corridor – The Scenic Highway Corridor is Snellville’s prime retail area with over 2.7M square feet of retail within one mile
  • Strong Rental Increases – Solid going in cap rate and steady rent bumps reflecting a 3.13% CAGR.
  • Rapidly Growing NE Atlanta Sub-Market – In the heart of Gwinnett County, the second most populous county in Georgia
  • Strong Trade Area Demographic – Within five miles of the property, the population is 189,425 with an average household income of $106,356

Executive Summary

Broker of Record
Bill Pedersen
License No. 80041 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,989 SF
Building Class
B
Year Built
2023
Price
£3,566,895
Price Per SF
£357
Net Initial Yield
7.03%
NOI
£250,905
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.16
Land Acres
1.42 AC
Zoning
BG - General Business zoning in the city of Snellville
Frontage
143 ft on Scenic Highway

Links

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Nearby Major Retailers

Stretchlab
Cook Out
Texas Roadhouse
Starbucks
United Community Bank
Checkers
LA Fitness
Chicken Salad Chick
Applebee's
Regions Bank

PROPERTY TAXES

Parcel Number 5-040-039 Improvements Assessment £397,372
Land Assessment £153,981 Total Assessment £551,353

PROPERTY TAXES

Parcel Number
5-040-039
Land Assessment
£153,981
Improvements Assessment
£397,372
Total Assessment
£551,353
(404) 849-1631

  • Listing ID: 33365718

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 2007 Scenic Hwy N, Snellville, GA 30078

The Retail Property at 2007 Scenic Hwy N, Snellville, GA 30078 is currently available For Sale. Contact SRS Real Estate Partners for more information.

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2007 Scenic Hwy N, Snellville, GA for sale Building Photo- Image 1 of 4
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Jeff Enck

(404) 849-1631

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