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Essex Plaza II | Absolute NNN

$1,700,000

1215 Scenic Highway South, Lawrenceville, GA 30045

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

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Offering Memorandum
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