675 E E Butler Pky
Gainesville, GA 30501
Retail Property For Sale

Northeast Georgia Medical Center. The retail center fronts E E Butler Rd and is situated on ± 2.2 acres. Gainesville is that rare market where manufacturing employment still dominates the metro, with more than a fifth of jobs in the sector. Gainesville certainly caters to the small-business owner, where 93% of its companies employ fewer than 50 employees. The property offers an investor a low maintenance asset with all new HVAC systems as well as a new roof. The remaining lease terms range from 1-4 years with an average of three years remaining on the initial lease term. Rent increases are scheduled every year and each lease has built in renewal options. The property is located within an Opportunity Zone which offers tax abatement incentives. Qualified Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act. These zones are designed to spur economic development and job creation in distressed communities throughout the country and U.S. possessions by providing tax benefits to investors who invest eligible capital into these communities. Taxpayers may defer tax on eligible capital gains by making an appropriate investment in a Qualified Opportunity Fund and meeting other requirements.