Texaco Strip Center Absolute NNN Net Lease Investment 2074 Old Norcross Road, Lawrenceville, GA Lawrenceville ( Georgia, US ) Built

$1,750,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 12,476 sq. ft.
  • Development Level: Built
  • Lot Size: 1.28 acres
  • Year Built: 2019

Description

Texaco Strip Center Absolute NNN Net Lease Investment 2074 Old Norcross Road, Lawrenceville, GA

NOI: $132,482
Building Size: 12,476 sqft
Lot Area: 1.28 acres
Occupancy: 91.8%
Lease Type: Absolute Net
Year Built: 2001
Price Per Sqft: $140.27
Year Last Renovated: 2019

DESCRIPTION
Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,476 SF Texaco Strip Center Located at 2074 Old Norcross Road in Lawrenceville, Georgia. This Deal Includes a 83% Occupied Multi-Tenant Opportunity With 4 Tenants That All Have an Absolute Triple Net Lease, Providing For a Secure Investment With a Value-Add Component.

HIGHLIGHTS
• Absolute Net Lease (NNN) – Tenant is Responsible For All Expenses Including Roof, Structure, Insurance, Taxes and Common Area Maintenance
• 83% Occupied Multi-Tenant Location With a Strong C-Store Tenant as a Master Lease With Annual 1.25% Rent Increases
• Gas Station Makes Up 63% of the Center: Entire Property Allows For Accelerated Depreciation (Contact CPA)
• Over $300,000 in Renovations, Facelift, New AC and Coolers in 2019
• COVID and Recession Proof Tenants
• Extremely Dense Population
• Prized Location With Multiple Ingress/Egress
• Strategically Located Between Two Major Highways, Interstate 85 With Over 266,900 VPD and GA State Route 316 With Over 106,500 VPD
• Located Within 1-Mile of Fountain Park Academy, Baggett Elementary School and CISCO Systems Headquarter/Campus
• Half-Mile From Gwinnett School of Mathematics, Science and Technology (GSMST) “Top 3 Best High Schools in the U.S.” and “Top High School in GA” and “#20 Top STEM Actual Property Image Schools of America”
• Other Nearby Tenants Include: Chick-fil-A, Starbucks, Taco Bell, Publix, Wendy’s, Burger King, Panera Bread, Kroger, McDonald’s, Dunkin’ and More

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.