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Esplanade At Gwinnett Place 3525 Mall Blvd 44,835 SF 100% Leased Retail Building Duluth, GA 30096 $14,000,000 ($312.26/SF) 5.96% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime location next to major public redevelopment zone (Gwinnett Place Mall area)
- Substantial long-term appreciation potential tied to county investment
- Diverse tenant base supports income stability and community relevance
- High visibility and traffic exposure from nearby Satellite Blvd
- Potential for additional 6,000–10,000 SF development (subject to approval)
EXECUTIVE SUMMARY
This exceptional commercial property presents a rare opportunity to acquire a strategically located asset in one of Gwinnett County’s most dynamic redevelopment zones. Positioned directly adjacent to Gwinnett Place Mall, the site benefits from both its current utility and substantial long-term growth potential driven by public investment and redevelopment plans.
Prime Location Adjacent to Gwinnett Place Mall
The property sits immediately next to the Gwinnett Place Mall area, which is the centerpiece of Gwinnett County’s major redevelopment vision. The County currently owns approximately 60 acres of the former mall site, and plans are underway for a comprehensive mixed-use revitalization project. Although the official timeline has yet to be finalized, the scale and scope of the county’s efforts are expected to significantly enhance the area’s visibility, livability, and long-term property values. This puts the subject property in a prime position to benefit directly from public investment and infrastructure enhancements as redevelopment unfolds.
High Visibility Near Satellite Boulevard
Strategically located just off Satellite Boulevard, one of the busiest and most well-known commercial corridors in Duluth and Gwinnett County, the property enjoys strong drive-by exposure and easy accessibility. The area experiences consistently high daily traffic volumes, making it ideal for retail, medical, and service-based tenants who rely on visibility and customer access. Its close proximity to major thoroughfares and highways also enhances regional connectivity, drawing from both local and commuter populations.
Strong Future Appreciation Potential
This property offers more than just income stability — it is a long-term investment play with meaningful upside. Its location within the orbit of a future county-led urban revitalization zone adds a unique layer of appreciation potential. As Gwinnett County continues to advance plans for mixed-use development, greenspace, residential infill, and public transit improvements in the immediate area, surrounding commercial assets like this one are well-positioned for price appreciation and rising lease demand over the next 5–10 years.
Development & Expansion Opportunity
Sitting on a generous parcel, the property features enough lot frontage and depth to allow for additional development. Subject to zoning and appropriate approvals, the site may support new construction of an additional 6,000 to 10,000 square feet along the street-facing portion of the lot. This makes it particularly appealing to investors and owner-users interested in value-add or redevelopment strategies, whether for expanding the current footprint, building out retail bays, or introducing a new freestanding structure.
Diverse & Stable Tenant Mix
The center currently hosts a balanced and synergistic tenant mix, which includes restaurants, personal service providers such as beauty salons and travel agencies, and healthcare-oriented businesses including dental or medical users. The second floor is occupied by office tenants, contributing to steady weekday foot traffic and long-term income durability. The variety of uses within the building not only provides economic resilience but also ensures a broad appeal to the surrounding community, making it a high-performing multi-use center.
This property is ideally suited for investors seeking both reliable current income and strong future upside, as well as for owner-users seeking a foothold in one of the most anticipated redevelopment corridors in suburban Atlanta. With its strategic location, expansion potential, and market positioning, this offering represents a rare blend of immediate value and long-term opportunity.
Prime Location Adjacent to Gwinnett Place Mall
The property sits immediately next to the Gwinnett Place Mall area, which is the centerpiece of Gwinnett County’s major redevelopment vision. The County currently owns approximately 60 acres of the former mall site, and plans are underway for a comprehensive mixed-use revitalization project. Although the official timeline has yet to be finalized, the scale and scope of the county’s efforts are expected to significantly enhance the area’s visibility, livability, and long-term property values. This puts the subject property in a prime position to benefit directly from public investment and infrastructure enhancements as redevelopment unfolds.
High Visibility Near Satellite Boulevard
Strategically located just off Satellite Boulevard, one of the busiest and most well-known commercial corridors in Duluth and Gwinnett County, the property enjoys strong drive-by exposure and easy accessibility. The area experiences consistently high daily traffic volumes, making it ideal for retail, medical, and service-based tenants who rely on visibility and customer access. Its close proximity to major thoroughfares and highways also enhances regional connectivity, drawing from both local and commuter populations.
Strong Future Appreciation Potential
This property offers more than just income stability — it is a long-term investment play with meaningful upside. Its location within the orbit of a future county-led urban revitalization zone adds a unique layer of appreciation potential. As Gwinnett County continues to advance plans for mixed-use development, greenspace, residential infill, and public transit improvements in the immediate area, surrounding commercial assets like this one are well-positioned for price appreciation and rising lease demand over the next 5–10 years.
Development & Expansion Opportunity
Sitting on a generous parcel, the property features enough lot frontage and depth to allow for additional development. Subject to zoning and appropriate approvals, the site may support new construction of an additional 6,000 to 10,000 square feet along the street-facing portion of the lot. This makes it particularly appealing to investors and owner-users interested in value-add or redevelopment strategies, whether for expanding the current footprint, building out retail bays, or introducing a new freestanding structure.
Diverse & Stable Tenant Mix
The center currently hosts a balanced and synergistic tenant mix, which includes restaurants, personal service providers such as beauty salons and travel agencies, and healthcare-oriented businesses including dental or medical users. The second floor is occupied by office tenants, contributing to steady weekday foot traffic and long-term income durability. The variety of uses within the building not only provides economic resilience but also ensures a broad appeal to the surrounding community, making it a high-performing multi-use center.
This property is ideally suited for investors seeking both reliable current income and strong future upside, as well as for owner-users seeking a foothold in one of the most anticipated redevelopment corridors in suburban Atlanta. With its strategic location, expansion potential, and market positioning, this offering represents a rare blend of immediate value and long-term opportunity.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
44,835 SF
Building Class
B
Year Built
1986
Price
$14,000,000
Price Per SF
$312.26
Cap Rate
5.96%
NOI
$834,400
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.13
Lot Size
7.70 AC
Zoning
C3, County - Zoned C-3 (General Business District) under the City of Duluth/Gwinnett County, this property allows for a wide range of commercial uses.
Parking
479 Spaces (10.68 Spaces per 1,000 SF Leased)
Frontage
251’ on Mall Blvd
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Chef Wong Chinese Restaurant
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Hanbat Restaurant
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Ozuri Japanese Restaurant
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Sound Of Music Karaoke
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Chef Wong Chinese Restaurant | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Hanbat Restaurant | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Ozuri Japanese Restaurant | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Sound Of Music Karaoke | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 6-232-020 | Total Assessment | $2,280,000 (2024) |
| Land Assessment | $1,207,480 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,072,520 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
6-232-020
Land Assessment
$1,207,480 (2024)
Improvements Assessment
$1,072,520 (2024)
Total Assessment
$2,280,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Esplanade At Gwinnett Place | 3525 Mall Blvd
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