Highlights

• 12%+ Cash on Cash Return
• Located at Highly Trafficked Intersection (79,000 +/- ADTC)
• Significant Below Market Rents (28% or $3.50/SF Lower)

• Adjacent to Publix, Burger King, CVS, KFC
• Priced Below Replacement Cost at $126/SF (Low Basis)
• Strong Demographics (AHHI $136,000)

Description

While the subject property is situated on great real estate in a great neighborhood it has several other factors that contribute to making it a greatpiece of investment real estate. The subject property has substantially below market rents (approximately 28% below the market or $3.50). Withrents being so low investors have the opportunity to keep their basis in the property low while having significant upside over the long-term. Wedidn't include any of the upside in our pricing as we understand that this process will take anywhere from 3-5 years to add value and substantiallyraise the rents. The property can deliver investors a double digit cash on cash return year one as is (At the current occupancy level and rent level).

The subject property is a Mixed-Use property consisting of Retail and Office Tenants located at the intersection of Holcomb Bridge Road andSpalding Drive in Norcross, Georgia. The Property was developed in 1985 to serve the needs of the rapidly expanding Norcross community, whichis part of Gwinnett County. Gwinnett County has been one of the fastest growing counties in the United States since 1990 ranking consistently inthe top ten (10) nationally in terms of percentage growth. The property is located just off the signalized corner and adjacent to a Publix anchoredShopping center. Surrounding the subject property you will find a Chevron Gas Station, Shell Gas station, Burger King, Kentucky Fried Chicken,and a CVS pharmacy. The subject property is also surrounded by several high-end subdivisions and has an average household income ofapproximately $121,000 within a three (3) mile radius of the property.