Essex Plaza II | Absolute NNN
$1,700,000
1215 Scenic Highway South, Lawrenceville, GA 30045
For Sale
Retail
Neighborhood Center
Pending
Last Updated: 07/19/2021
7.14
Cap Rate
121,316
NOI
Details:
Cap Rate: 7.14%
NOI: $121,316
Building Size: 5,360 sqft
Lot Area: 0.97 acres
Lease Type: Absolute Net
Year Built: 2002
Price Per Sqft: $317.16
Highlights:
- Absolute Net Lease (NNN) – Tenant is Responsible For All Expenses Including Roof, Structure, Taxes, Insurance and Common Area Maintenance
- Plaza is Anchored By Two National Brands Being Subway and Little Caesars Pizza
- COVID and Recession Proof Tenants With Take Out and/or Carry Out Abilities
- Strong Leases Favoring the Landlord With the Majority of Them Including Great Increases Built In
- Many of the Tenants Have Been at This Location For Multiple Years, Showing a Commitment to the Site
- Diverse Tenant Mix Will Provide Great Uses For the Local Community
- Located Across a Very Popular and Heavily Visited Shoppes at Webb Gin Shopping Mall
- Strategically Located on the Main Retail Strip of Scenic Hwy With Excellent Visibility
- Surrounded By an Extremely Densely Populated Area With Over 69,300 People Within a 3-Mile Radius
- Easy Access – Multiple Points of Entry
- Gwinnett County is Historically One of America’s Fastest-Growing Counties and is the Second-Most Populous County in Georgia With a Current Population of Over 936,250 Residents
- Nearby Tenants Include: Sprouts, ALDI, Hobby Lobby, AMC, Red Robin, Waffle House and More
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,360 SF Essex Plaza II Located at 1215 Scenic Hwy S, Bldg B in Lawrenceville, Georgia. This Deal Includes a 5 Tenant Plaza With a Subway and a Little Caesars, Providing For a Secure Investment Opportunity.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. # 67374
Documents:
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Offering Memorandum |
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