2007 Scenic HwySnellville, GA 30078

Property Details for 2007 Scenic Hwy

Year built

1987

Construction

WOOD

Lot size

1.40 AC

Property size (Sq ft)

7,518 SF

Zone code

BG-GENERAL BUSINESS

Property type

Other commercial real estate

APN

5-040 -039

APU

5040039

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,510,174

  Hospitality

  $1,383,312

  Educational

  $1,150,899

  Medical

  $1,190,480

  Retail

  $1,790,288

Location Insight

City

Snellville

County

Gwinnett

State

Georgia

Latitude

33.8698

Longitude

-84.016

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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