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2930 Old Norcross Rd
Duluth, GA 30096
Retail Property For Sale
Executive Summary
Located at 2930 Old Norcross Road, Duluth, GA 30096, this well-positioned retail center offers excellent visibility along Old Norcross Road and convenient access to I-85.
Built in 2009, the property consists of approximately 24,550 square feet and is currently occupied by 16 tenants, many with long-term leases. Only one retail space is currently available, providing strong existing occupancy with additional leasing potential.
Investment highlights include:
7.75% capitalization rate
Approximately 24,550 square feet
16 existing tenants
Long-term tenant leases
Excellent road visibility
Convenient access to I-85
Close to Duluth’s popular shopping, dining, and entertainment areas
Built in 2009, the property consists of approximately 24,550 square feet and is currently occupied by 16 tenants, many with long-term leases. Only one retail space is currently available, providing strong existing occupancy with additional leasing potential.
Investment highlights include:
7.75% capitalization rate
Approximately 24,550 square feet
16 existing tenants
Long-term tenant leases
Excellent road visibility
Convenient access to I-85
Close to Duluth’s popular shopping, dining, and entertainment areas
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
24,550 SF
Building Class
B
Year Built
1994
Price
$4,640,000
Price Per SF
$189.00
Cap Rate
7.75%
NOI
$359,600
Percent Leased
98%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.38
Lot Size
1.50 AC
Zoning
AA031 - Strip Shopping Center
Parking
40 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
225’ on Old Norcross Rd
Amenities
- Dedicated Turn Lane
Property Taxes
| Parcel Number | 7-077-097 | Improvements Assessment | $2,613,920 |
| Land Assessment | $285,920 | Total Assessment | $2,899,840 |
Property Taxes
Parcel Number
7-077-097
Land Assessment
$285,920
Improvements Assessment
$2,613,920
Total Assessment
$2,899,840
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