For Sale
$5,999,000

10360 Medlock Brg RdJohns Creek, GA 30097

High-yield Johns Creek shopping center

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 22,788 square foot shopping center, located at 10360 Medlock Bridge Rd, Duluth, GA 30097, presents a compelling investment opportunity. The fully leased, multi-tenant property boasts 15 units across two stories, built in 1990 and situated on a 1.526-acre lot. With a 100% occupancy rate and a net rentable area of 22,013 square feet, it generates a substantial net operating income exceeding $375,000 in 2024, reflecting a 6.27% cap rate. The property benefits from a C-1 zoning designation and enjoys high visibility along Medlock Bridge Road, a major thoroughfare with over 44,000 vehicles per day. The affluent Johns Creek location, with average household incomes exceeding $160,000, ensures a strong and stable tenant base. Recent improvements include repaving and restripping of the ample parking lot. Below-market rents for current tenants offer significant value-add potential for future cash flow maximization. Seller financing options are available. This prime retail asset provides a rare chance to acquire a high-performing property in a thriving market.

Highlights

  • Value-add opportunity with below-market rents, offering strong cash flow potential.
  • High-visibility location on Medlock Bridge Rd, a major commercial thoroughfare in affluent Metro Atlanta, boasting ~260 linear feet of frontage.
  • Direct Medlock Bridge Road access.
  • 2024 projected NOI exceeding $375,000.
  • Seller financing options available.

Property Details for 10360 Medlock Brg Rd

Property type
Lifestyle centers, Power centers
Square Feet
22,788 SF
Year Built
1990
Stories
2
Lot Size (sq. ft)
66,473 SF
Units
15

Location Insight

City
Johns Creek
County
Fulton
State
Georgia
Latitude
34.0345356
Longitude
-84.1862882
10360 Medlock Brg Rd, Johns Creek, Georgia

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10360 Medlock Brg Rd
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