10360 Medlock Brg RdJohns Creek, GA 30097

Property Details for 10360 Medlock Brg Rd

Year built

1990

Lot size

1.55 AC

Property size (Sq ft)

23,020 SF

Zone code

C1

Property type

Retail properties

Property subtype

Strip malls

APN

11 092003250267

APU

11092003250267

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,938,652

  6.5%

  $5,481,833

  7%

  $5,090,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,315,509

  Geo Method

  $11,315,509

• Alternative Use

  Use

  Valuation

  Residential

  $4,624,131

  Hospitality

  $4,235,679

  Educational

  $3,524,036

  Medical

  $3,645,232

  Retail

  $5,481,833

Location Insight

City

Johns Creek

County

Fulton

State

Georgia

Latitude

34.0347

Longitude

-84.1864

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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