5895 Jimmy Carter Blvd
Norcross, GA 30071
Norcross Square Plaza · Retail Property For Sale

Norcross Square Plaza is a five tenant, 100% leased retail shopping center located in densely populated Norcross in northeast Atlanta. This 8,000 SF center was constructed in 2007 and is in excellent physical condition. The current tenants are boutique businesses and serve the area well. Tenants include a bakery, a Mexican grill, a clothing store, a nail salon, and a hair salon. The opportunity is to acquire a 100% leased, turn-key retail center benefitting from its position along a major roadway with over 60,000 vehicles per day. Norcross Square Plaza has had zero vacancy since the initial lease-up period. A new investor can realize additional income by billing tenants their full prorata share of pass throughs, which are currently not being collected. With a new loan, total returns are projected to be above 16% in the first year. The property is being offered free and clear of debt. Norcross Square Plaza sits in a densely populated area with 100,000 residents within 3 miles. Norcross makes its home in Gwinnett County, Georgia' s second largest county by population and one of the fastest growing over the last thirty years. Gwinnett has experienced a 50% increase in population since 2000 as the Atlanta metropolitan area has continued to stretch through the north and northeast areas of the county.