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Old Towne Grayson

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Featured Sale
Grayson, Gwinnett County, Georgia, 30017, United States, ,
Featured Sale

Old Towne Grayson

Grayson, Gwinnett County, Georgia, 30017, United States, ,
  • Contact Agent

Description

+ CBRE’s Capital Markets Atlanta Retail is pleased to exclusively offer for sale Olde Towne Grayson, a 13,896sf, 87% occupied shopping center built in 2010 in Grayson, an affluent area of of Gwinnett County, 30 miles northeast of Atlanta’s CBD. It is positioned along Grayson Hwy (GA Hwy 20; 24,740vpd) directly across from an institutionally-owned Kroger-anchored shopping center

+ The plaza is well-visible along GA Hwy 20 and draws from 60,000+ population with an Avg. HH Income approaching $120,000 in a 3-mile radius

+ Olde Towne Grayson’s tenancy is highlighted by a corporate AutoZone (48% of the total GLA and 50% of the total rent), an original tenant which in 2022 extended its lease by 10 years. The remaining tenants include Friends Grill with eight north Atlanta locations, as well as Little Caesar’s and Big Dog Custom T-Shirts and More

+ Olde Towne Grayson Shopping Center is offered on an all-cash basis at a price of $3,600,000, a cap rate of 6.74% on current NOI (7.49% cap on stabilized NOI upon lease-up of vacant bay)

Investment Highlights

​​​​​​+  Positioned along Grayson Hwy (GA Hwy 20; 24,740vpd) directly across from an institutionally-owned Kroger-anchored shopping center at Rosebud Road
+    The plaza is well-visible along GA Hwy 20 and draws from 60,000+ population with an Avg. HH Income approaching $120,000 in a 3-mile radius
+    Tenancy is highlighted by a corporate AutoZone (48% of the total GLA and 50% of the total rent), an original tenant which in 2022 extended its lease by 10 years
+    The remaining tenants include Friends Grill with eight north Atlanta locations, as well as Little Caesar’s and Big Dog Custom T-Shirts and More
+    Olde Towne Grayson Shopping Center is offered on an all-cash basis

Call Craig for more information at +1 (404) 923-1454.

  • Address 1950 Grayson Highway
  • Zip/Postal Code 30017

Details

Updated on October 10, 2022 at 6:20 pm
  • Price: Contact Agent
  • Property Size: 13896 sq ft
  • Property Type: Commercial
  • Property Status: Sale

Overview

  • Commercial
  • Property Type
  • 13896
  • sq ft

Contact Information

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Craig Taylor

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