High-yield investment opportunity!
9 % CAP rate with vacancy factor calculated from Jan 2025.
Excellent value-add potential
Major renovations were recently completed, including new roof and new HVAC units on Suite #14. Suite #1 and #2 have major HVAC repaired or replaced upon signing the lease.
Strong property management in place.
Out of two vacant units, one is out-parcel which has many interested buyers and the other is fully ready restaurant space that you can lease quickly and add immediately add $1,000,000 additional value.
Rent is below market rate, with significant upside potential
The building is in good condition and the price is below the replacement cost.
Three in & out entrances for easy customer access
Successful tenants include Afkan Grocery (It is opening its 2nd location in Gwinnett county at its own building now. It also want to lease additional 10,000 SF here in the plaza ), Beauty Supply, Amazing Offer and and Dex(CCS) is busy during the weekend. Dex is one of the largest card game stores in Atlanta Georgia
Fabric store is coming soon at #1
Suite #1 is preparing to have a Fabric store from Jan 2025. It just applied C/O now. All interior work has been done. The seller has fixed the whole space with walls, floor, lightings, bathroom and HVAC for a year. The tenant has proven history of business experience.
Out-Parcel Opportunity
Drive Tru ATM place can be sold as an out-parcel. Seller has many parties who wanted lease it for Emission but left for vacant for the future development opportunity
Interest only Financing by the Seller
With the full-price offer, the seller can provide seller finance with a $5,000,000 down payment for one or two years. Buyer has to use NDI management company upon Seller financing. Buyer can not mix loan with lender and seller financing since seller wants 1st lender position which bank will refuse. Interest rate shall be market rate .
Beauty Supply Store, Afkanistan grocery & restaurant, Fabric Store, Amazing offer for discount items, CCS(Dex) card game store, and Nail salon are well-known for the reputation in the community.
Cell Tower is not included in the sale. It is not owned by the seller. Sell tower has drive way easement.
Multi Ethnic Area
Unique Corner Lot Investment Opportunity
High-traffic location with 100,000 refugees community from all over the world,(Afkan grocery store is doing business with the Afkan refugee people. Also there is a GA State Clarkston Campus near by. Walmart and other national brand retailers are at the corner of intersection.
Property is in the Memorial Drive Revitalization Corridor, which is undergoing significant redevelopment.
Spring Village Mill has many large size spaces with high ceilings, perfect for a variety of retail businesses.
This is a prime opportunity to invest in a growing community with a diverse and affluent population.
