For Sale
$1,650,000

4168 Abbotts Bridge RdDuluth, GA 30096

Duluth, GA Creative Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 7,368 square foot creative office building in Duluth, Georgia presents a compelling owner-user or investment opportunity. Located at 4168 Abbotts Bridge Road, this Class B property boasts a desirable location with high visibility, situated on a 0.88-acre lot and offering 25 parking spaces. Built in 2002, the two-story building features three units, currently leased under a triple-net (NNN) lease with a 5.92% cap rate and a net operating income (NOI) of $97,638. The asking price is $1,650,000 ($223.94/sq ft, $550,000/unit). The current tenant, LightSpeed Automation, is open to lease buyout negotiations, offering potential upside through increased rental rates upon lease expiration or subdivision into three separate suites. The property benefits from high traffic counts on Abbotts Bridge Road and Peachtree Industrial Boulevard, serving a densely populated area with a high average household income projected to increase significantly in the coming years. The lease includes two 2-year renewal options with a 3% annual base rent increase. Zoned O1, this property offers significant long-term potential for investors and owner-users alike. The property's strategic location and strong financial performance make it an attractive investment in a thriving market.

Highlights

  • Excellent investment or owner-user opportunity.
  • Tenant, LightSpeed Automation, will consider lease buyout.
  • Triple-net (NNN) lease with two, two-year renewal options at 3% annual rent increases.
  • Significant rental upside potential upon lease expiration.
  • Easily divisible into three separate suites.
  • High visibility location with over 15,500 VPD on Abbotts Bridge Road and over 19,800 VPD on Peachtree Industrial Boulevard.

Property Details for 4168 Abbotts Bridge Rd

Property type
Office properties, Office space
Square Feet
7,368 SF
Class
B
Year Built
2002
Buildings
1
Stories
2
Lot Size (sq. ft)
38,333 SF
Units
3

Location Insight

City
Duluth
County
Gwinnett
State
Georgia
Latitude
34.0189856
Longitude
-84.1574043
4168 Abbotts Bridge Rd, Duluth, Georgia

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4168 Abbotts Bridge Rd
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