For Sale
$4,515,000

2007 Scenic HwySnellville, GA 30078

Prime Retail Center, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 9,989 square foot shopping center, built in 2023, is ideally situated on a 1.42-acre hard corner lot at 2007 Scenic Hwy N in Snellville, Georgia (30078). Boasting an irreplaceable pin corner location with exceptional frontage and visibility, the property offers multiple access points and benefits from high traffic counts on a thriving retail corridor. Currently 100% occupied by seven tenants, including Smoothie King, Bon de Paris, and Ubreakifix, the center generates a strong NOI of $317,597, representing a 7.00% cap rate. The property features 50 parking spaces and is zoned BG - General Business. The strong tenant mix and steady rent increases, reflecting a 3.13% CAGR, contribute to a stable investment opportunity. Located in Gwinnett County's rapidly growing Snellville submarket, the center benefits from a robust demographic profile. Within a five-mile radius, the population exceeds 189,425, with an average household income of $106,356 and a projected annual growth rate of 3.8% within one mile. The Scenic Highway corridor boasts over 2.7 million square feet of retail within a one-mile radius, ensuring a constant flow of customers. This property presents a compelling investment opportunity with significant upside potential. The asking price is $4,515,000.

Highlights

  • Hard corner location on Scenic Highway in Snellville, GA, offering high visibility and multiple access points.
  • Strong current cap rate with a 3.13% compound annual growth rate (CAGR) in rental income.
  • Fully leased to a mix of essential retail tenants including Smoothie King, Bon de Paris, and Ubreakifix.
  • Located in rapidly growing Gwinnett County, GA, with projected job growth exceeding 45% in the coming years.
  • Situated in Snellville's prime retail corridor on Scenic Highway, with over 2.7M square feet of retail within one mile.
  • Densely populated trade area with 189,425 residents within five miles, average household income of $106,356, and projected annual population growth of 3.8% within one mile.

Property Details for 2007 Scenic Hwy

Property type
Lifestyle centers, Power centers
Year Built
2023
Lot Size (sq. ft)
61,855 SF

Location Insight

City
Snellville
County
Gwinnett
State
Georgia
Latitude
33.8698029
Longitude
-84.01553
2007 Scenic Hwy, Snellville, Georgia

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2007 Scenic Hwy
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