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Browse More Listings in Shopping Center For Sale, Norcross, GA or Georgia

Shopping Center For Sale

Singleton Square Shopping Center | Atlanta MSA

6050 Singleton Road, Norcross, GA 30093

Price:
$21,505,444
Gross Leasable Area:
130,512 SF
Price/SF:
$164.78
Property Type:
Shopping Center
Property Sub-type:
Community Center
Property Use Type:
Investment
Cap Rate:
7.23%
Occupancy:
94%
Tenancy:
Multiple
Lot Size:
25 AC
Find Out More...

Last Verified 10/21/2009 Listing ID 16193825

Highlights

Rare Kroger (Part) Anchored Center
Motivated Seller
Excellent Below Market Financing In Place

94% Occupancy!
Atlanta, Georgia MSA
Submit All Offers!

Description

The property boasts an excellent mix of national tenants including Kroger, Dollar Tree, GNC, Pizza Hut, Wingstop, and Cingular Wireless as well as a variety of local restaurants, retailers, and businesses. There is significant rental upside as the property is currently mismanaged and lacks a leasing company. The rents are below market in comparison to other comparable properties in the submarket. There is potential to build an outparcel pending negotiations with Kroger.

Located 30 miles northeast of Atlanta, the city of Norcross is Gwinnett County's second oldest city. There are approximately 250,000 people within a 5 mile radius. As one of the fastest-growing counties in America for several decades, it's no surprise that business in Gwinnett County is booming. Three major shopping malls anchor the retail sector, while other businesses are attracted by the financial, legal, professional and technical services Gwinnett County has to offer. Encompassing 437 square miles, Gwinnett County has a current population of 697,455 with 1.2 million projected by the year 2025.

Financial Summary

Debt & Equity Information

Actual
Year
2009
Net Operating Income
$1,555,428

Map of 6050 Singleton Road, Norcross, GA 30093 (Gwinnett County)

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Presented by

The Kase Group

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Contact Listing Broker

Lindsey Lantis (831) 566-6270

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Created 4/15/2009

Additional Information for 6050 Singleton Road, Norcross, GA 30093

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 2 RecentSales Records

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 6050 Singleton Road, Norcross, GA 30093

Nearby Retail properties for saleSearch all commercial real estate for sale

SINGLETON SQUARE
$1,600,000
7,500 SF
90 Percent Leased -80,000 Sq Ft Super Center
$6,975,000
79,000 SF

Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

Singleton Square
$18.00/SF/Year
1,000 - 2,500 SF
Gwinnett South Place Shopping Center
$9.95/SF/Year
3,400 SF

Nearby Recently Sold Shopping Center propertiesSearch all recently sold commercial real estate

Neighborhood Center
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Sold 2Q 2007

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Singleton Square Shopping Center | Atlanta MSA

6050 Singleton Road, Norcross, GA, 30093