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Suwanee Gateway, Suwanee, GA

Suwanee Gateway

GA, USA

Price $3,300,000
Cap Rate
NOI
Lease Term Various
Lease Type NNN + Various Administrative Fees
Rental Increases Various
Year Built 2017
Building Size 6,253 SF
Lot Size 0.84 Acres (36,590 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

Investment Highlights

100% LEASED MULTI-TENANT RETAIL CENTER
» 100% leased multi-tenant retail center with synergistic tenant mix
» Scheduled rental increases for all tenants, providing a hedge against inflation

HIGH-TRAFFIC LOCATION IN PRIMARY RETAIL AND COMMERCIAL CORRIDOR
» Located just south of the signalized intersection of Satellite Boulevard and Lawrenceville- Suwanee Road, which experiences a high traffic count of 66,356 vehicles per day
» Convenient access to Interstate 85 (166,000 AADT), the primary transportation corridor between Atlanta’s affluent northern suburbs and downtown Atlanta
» Outparcel to Lowe’s and directly across from a large shopping center anchored by Walmart
» Close proximity to major employers, including industrial operations for Mitsubishi and Avon

NEAR SIGNIFICANT NEW DEVELOPMENTS
» Part of the Terraces at Suwanee Gateway, a 148-acre mixed-use project which is currently under construction
» Upon completion, the Terraces at Suwanee Gateway will include 580,000 square feet of Class A office space, 360,000 square feet of retail space, 138 luxury townhomes, 340 urbanstyle apartments, 14 retail outparcels, and a full-service hotel and conference center
» Included in the larger Suwanee Gateway project, an extensive redevelopment of Suwanee’s commercial district into a vibrant mixed-use commercial center

AFFLUENT ATLANTA SUBURB WITH STRONG DEMOGRAPHICS
» The average household income within a one-mile radius of the property is $115,451, and the average household incomes within three- and five-mile radii exceed $100,000
» 171,585 residents within a five-mile radius, providing an exceptionally large customer base
» Suwanee and Gwinnett County are among the fastest growing areas in the Atlanta MSA

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located just south of the signalized intersection of Satellite Boulevard and Lawrenceville-Suwanee Road, which experiences a high traffic count of 66,356 vehicles per day. Lawrenceville-Suwanee Road provides convenient access to Interstate 85, located less than half a mile from the property. Interstate 85, which has a traffic count of 166,000 vehicles per day, is the primary transportation corridor between Atlanta’s affluent northern suburbs and downtown Atlanta. The property is located near major employers, including industrial operations for Mitsubishi and Avon; massive retail centers, such as the Mall of Georgia, Georgia’s largest mall; and wealthy, densely populated residential neighborhoods. The average household income within a one-mile radius of the property is $115,451, and the average household incomes within three- and five-mile radii exceed $100,000. Additionally, 171,585 residents live within a five-mile radius, providing an exceptionally large customer base.

Located in a dense retail and commercial corridor, the property is near major national tenants and important new developments. The property is outparcel to Lowe’s and is included in the larger Terraces at Suwanee Gateway project, a 148-acre mixed-use project which is currently under construction. Upon completion, the Terraces at Suwanee Gateway will include 580,000 square feet of Class A office space, 360,000 square feet of retail space, 138 luxury townhomes, 340 urban-style apartments, 14 retail outparcels, a full-service hotel and conference center, and a “town center” with a secured parking deck. The Terraces at Suwanee Gateway is part of the even larger Suwanee Gateway project, an extensive redevelopment of Suwanee’s commercial district into a vibrant mixed-use commercial center. Recent significant developments in the area include thousands of square feet of industrial and commercial space; the construction of hundreds of homes, apartments, and hotel rooms; and the addition of notable retailers, including Walmart Supercenter, Movie Tavern, and Main Event Entertainment.

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