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2645 N Berkeley Lake Rd - 2645 N Berkeley Lake Rd #123 Duluth, GA 30096 1,200 SF Retail Condo Unit Offered at $360,000 in Duluth, GA 30096
INVESTMENT HIGHLIGHTS
- rare opportunity to acquire one of the last affordable retail spaces in the high-demand Duluth area
- Landlords benefit from a hassle-free, low-maintenance investment as the Condo Association (COA) oversees professional property management and building
- 5-year long-term lease agreement that remains in effect until August 31, 2028
PROPERTY FACTS
1 UNIT AVAILABLE
Unit 123
| Unit Size | 1,200 SF | Sale Type | Investment |
| Price | $360,000 | Cap Rate | 6.75% |
| Price Per SF | $300.00 | NOI | $24,300 |
| Condo Use | Retail | APN/Parcel ID | 6-260-641 |
| Unit Size | 1,200 SF |
| Price | $360,000 |
| Price Per SF | $300.00 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| NOI | $24,300 |
| APN/Parcel ID | 6-260-641 |
DESCRIPTION
Point Berkeley II Retail Condominium: A Premier Business Destination
Established in 2007/2008, Point Berkeley II Retail Condominium is a strategically located commercial hub in Duluth, Gwinnett County. This expansive development covers a total of 168,994 square feet and is meticulously designed to support a thriving mix of Retail and Retail/Office environments.
The complex is anchored by Building C, a massive 53,794 square foot facility that serves as the heart of the development, perfectly accommodating major destinations like SpaLand. Surrounding the main anchor is a collection of high-quality buildings (A, A-1, B, D, E, and F) featuring 97 units primarily sized at 1,200 square feet each, offering the perfect scale for boutique shops, professional services, or medical offices.
Whether for a high-traffic restaurant, a professional firm, or a specialty retail store, this condominium offers an established, well-structured environment for business success
SALE NOTES
1. A rare opportunity to acquire one of the last affordable retail spaces in the high-demand Duluth area.
2. A 5-year long-term lease agreement remains in effect until August 31, 2028.
3. Investment value is enhanced by $100 annual monthly rent increases that serve as a consistent hedge against inflation.
4. 6.75% CAP rate based on the $360,000 asking price with significant potential for future income growth.
5. Landlords benefit from a hassle-free, low-maintenance investment as the Condo Association (COA) oversees professional property management and building maintenance
NEARBY MAJOR RETAILERS
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2645 N Berkeley Lake Rd - 2645 N Berkeley Lake Rd #123 Duluth, GA 30096
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