3590 Breckinridge Blvd
Duluth, GA 30096
Retail Property For Sale
Investment Highlights
- Located within the Atlanta MSA
- 1.5% annual rental escalations
- Long and successful operating history since 1999 at this location
- Absolute NNN – Zero landlord responsibilities
- Well above brand-wide average sales
- Strong profitability and a low rent to sales ratio
Property Facts
Amenities
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Monument Signage
About 3590 BRECKINRIDGE BLVD , DULUTH, GA 30096
The Bahama Breeze property is strategically located in a dominant retail corridor near numerous hotels, business offices, car dealerships and retailers. The property is located immediately off of Interstate 85 (262,000 VPD) along Pleasant Hill Road (60,357 VPD), a primary north-south thoroughfare. The large 3.74 acre property is ideally located at the corner of a signalized intersection along Pleasant Hill Road. Retailers in the trade area include Publix, Kroger, Costco, Sam’s Club, Best Buy, Kohl’s, Home Depot, Walmart Supercenter and Gwinnett Place Mall (1,278,000 square feet and anchored by Macy’s). There are over 250,000 people living within five miles of the property. Additionally, the annual population is projected to grow 1.54% annually through 2023. Forbes ranked Duluth 26th in "America's Best Places to Move" in 2009, while BusinessWeek named it the "Best Affordable Suburb in Georgia" in 2010. The absolute triple net property has zero landlord responsibilities and features 1.5% annual rental escalations. There are approximately nine years remaining on the lease which expires November 1, 2027. The lease features five 5-year renewal options with 1.5% annual increases in the first three options.
Property Taxes
| Parcel Number | 6-204-055 | Improvements Assessment | $909,000 |
| Land Assessment | $205,360 | Total Assessment | $1,114,360 |
Property Taxes
