Historical Retail Sale Listing - Johnny Carino's

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Johnny Carino's

1802 North Brown Road, Lawrenceville, GA 30043

N/A

7,259 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
7,259 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Investment
Cap Rate:
7.75%
Tenancy:
Single
Year Built:
2001
Lot Size:
1 AC
Listing ID
14007740
Last Updated
over 1 year ago

Highlights

  • Brand New 15 Year NNN Lease
  • 7th Fastest Growing County in US
  • Solid Operator w/ Growth Potential
  • Average Income $70,510 within 5 Mile Radius
  • 20 Miles Northwest of Downtown Atlanta

Description

[Investment Description: The subject property is a 7,259 +/- Johnny Carino's Country Italian restaurant located at the corner of Sugarloaf Parkway and North Brown Road, Lawrenceville, Gwinnett County, Georgia. The property is right off Interstate 85, a major vessel for commuters in Metro Atlanta. The property is an outparcel to Discover Mills, which is a 1.2 million square foot shopping center, containing well known tenants, such as Bass Pro Shop, Last Call for Neiman Marcus, Off Saks Fifth Avenue, and several other quality retailers. Johnny Carino's is supported by a strong demographics, including a 1-mile average household income of $127,171. Interstate 85, the main artery for the subject area, experiences reported average traffic counts of 120,400 +/- cars daily. Ameliorate, LLC (Ameliorate), a partnership initiated to develop Johnny Carino's in Georgia, Alabama and Florida panhandle, desires to build on the momentum developed by the parent company. Ameliorate signed a development agreement with Fired Up to develop a 25-store franchise in the states of Georgia, Alabama and Florida panhandle.

Gwinnett County encompasses 437 square miles and is located 30 miles northeast of Atlanta, GA. Gwinnett is the 7th fastest growing county in the US, with average income of $70,510 within 5 mile radius.

Map of 1802 North Brown Road, Lawrenceville, GA 30043 (Gwinnett County)

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