2135 E Main St
Snellville, GA 30078
Snellville Oaks · Retail Property For Sale

Snellville Oaks is a 186,385 square foot shopping center situated on 35.6 acres in a dense retail corridor with great demographics on the northeast side of Atlanta. The center is located at 2135 E Main St (aka US Hwy 78) in Snellville, GA and is shadow anchored by NCG Cinemas (not included). The population in the area has grown 53% since 2000 and there are currently 160,190 people within a 5-mile radius with an average annual income of $89,600. The center is exposed to over 52,300 vehicles daily with excellent access, multiple points of egress, and a traffic light. It presents an investor the opportunity to reposition the center or redevelop it to a higher and better use. Presented with 46% vacancy, the property could be converted to mixed use, multifamily, townhomes, senior living, medical, government office, or any combination of uses. Most of the existing leases are landlord friendly with early termination clauses to accommodate potential redevelopment. The property also offers a great value-add opportunity with current occupancy at 54%, well maintained with all roofs replaced over last 10 years (still under warranty), and can be acquired at a very low price per square foot. The local high school, South Gwinnett High School, is a block west and across from the center. The site is also in close proximity to many national retailers including Target, Walmart, Home Depot, Lowes, Kohl’s, Publix, Kroger, and Academy Sports.