for sale independence commercial opportunity in growing

10
3340 Peachtree Road · Suite 1660 Atlanta, GA 30326 P: 404.504.8793 · F: 404.504.8771 www.avalonrepartners.com Brooks Battle Direct: 404.504.8776 [email protected] Brent Story Direct: 404.504.8793 [email protected] Fully entitled 74+ commercial acres available in the Master Planned Community, Independence. Located in one of the fastest growing submarkets of Gwinnett County, adjacent to Bay Creek Park and Grayson High School. Features 3 signalized intersections on Hwy 20 (traffic counts 33,000), and directly adjacent to a 765 new home community (homes priced $360k-$450k). FOR SALE Under Construction for 110 new active- adult homes ‘Independence’ 765 new homes ‘Independence’ Phase II Magnolia Senior Living GRAYSON HIGH SCHOOL (ENROLLMENT: 2,850 STUDENTS) Bay Creek Park AVAILABLE AVAILABLE 5 Star Academy Pre-School 1

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Page 1: FOR SALE Independence Commercial Opportunity in Growing

Independence – Commercial Opportunity in Growing Gwinnett County Market

3340 Peachtree Road · Suite 1660

Atlanta, GA 30326

P: 404.504.8793 · F: 404.504.8771

www.avalonrepartners.com

Brooks Battle

Direct: 404.504.8776

[email protected]

Brent Story

Direct: 404.504.8793

[email protected]

Fully entitled 74+ commercial acres available in the Master Planned Community, Independence.

Located in one of the fastest growing submarkets of Gwinnett County, adjacent to Bay Creek

Park and Grayson High School. Features 3 signalized intersections on Hwy 20 (traffic counts

33,000), and directly adjacent to a 765 new home community (homes priced $360k-$450k).

FOR SALE

Under Construction

for 110 new active-

adult homes

‘Independence’

765 new homes

‘Independence’

Phase II

Magnolia Senior

Living

GRAYSON HIGH SCHOOL

(ENROLLMENT: 2,850 STUDENTS)Bay Creek Park AVAILABLE

AVAILABLE

5 Star Academy

Pre-School

1

Page 2: FOR SALE Independence Commercial Opportunity in Growing

Independence – Commercial Opportunity in Growing Gwinnett County Market

3340 Peachtree Road · Suite 1660

Atlanta, GA 30326

P: 404.504.8793 · F: 404.504.8771

www.avalonrepartners.com

Brooks Battle

Direct: 404.504.8776

[email protected]

Brent Story

Direct: 404.504.8793

[email protected]

INDEPENDENCE | Hwy 20, Gwinnett County | Aerial

GRAYSON HIGH SCHOOL

(ENROLLMENT: 2,850 STUDENTS)

DR HORTON – 765 NEW HOMES

UNDER CONSTRUCTION ON PHASE I

(Home prices $360,000 - $450,000

DR HORTON PHASE II

SOLD AND UNDER

CONSTRUCTION FOR

110 NEW HOMES

AVAILABLE COMMERCIAL

OUTPARCELS OUTLINED IN RED

2

6 ACRES OF PAD 8 SOLD

PAD 15 UNDER CONTRACT

Page 3: FOR SALE Independence Commercial Opportunity in Growing

Independence – Commercial Opportunity in Growing Gwinnett County Market

3340 Peachtree Road · Suite 1660

Atlanta, GA 30326

P: 404.504.8793 · F: 404.504.8771

www.avalonrepartners.com

Brooks Battle

Direct: 404.504.8776

[email protected]

Brent Story

Direct: 404.504.8793

[email protected]

❖450,000 SqFt zoned for - retail, restaurant, office

❖3 median breaks & signalized traffic intersections

❖Hwy 20 Traffic County – 33,000 cars / day (GDOT)

❖Adjacent acreage under development for 875 new

homes

❖2,700 new homes are in the pipeline

❖Avg HH Income - $90,000 (Neustar)

❖Adjacent to Grayson High – enrollment 2,850

❖Site plan is conceptual - zoning is not site plan

specific

3

INDEPENDENCE | Hwy 20, Gwinnett County | Highlights

GRAYSON HIGH SCHOOL

‘Independence’

Phase II

‘Independence’ Phase I

765 new homes

110 new homes

Page 4: FOR SALE Independence Commercial Opportunity in Growing

Independence – Commercial Opportunity in Growing Gwinnett County Market

3340 Peachtree Road · Suite 1660

Atlanta, GA 30326

P: 404.504.8793 · F: 404.504.8771

www.avalonrepartners.com

Brooks Battle

Direct: 404.504.8776

[email protected]

Brent Story

Direct: 404.504.8793

[email protected]

4

INDEPENDENCE | Hwy 20, Gwinnett County | Demographics

2018 Household Ages in a 3 Mile Radius

Source: Neustar

Radius 5 Miles 3 Miles 1 Mile

Demographic Snapshot

2019 Q2 Pop 128,433 42,012 3,992

2019 Q2 HHs 41,926 13,644 1,287

HH Growth 2019 Q2 To 2024 Q2 6.5% 6.8% 7.0%

Pop Growth 2019 Q2 To 2024 Q2 6.6% 7.0% 7.1%

2019 Q2 Pop Below Age 19 38,319 12,652 1,204

2019 Q2 Pop Age 20-64 76,075 24,995 2,390

2019 Q2 Pop Age 65+ 14,041 4,365 397

2019 Q2 Household Income

2019 Q2 Average HH Income $93,685 $98,358 $93,594

Incomes <$25,000 4,310 12% 1,136 8% 146 12%

Incomes $25,000 - $50,000 7,878 18% 2,291 17% 223 18%

Incomes $50,000 - $75,000 7,807 18% 2,201 16% 190 18%

Incomes $75,000 - $100,000 7,481 20% 2,700 20% 272 20%

Incomes $100,000 - $125,000 5,142 12% 2,201 16% 170 12%

Incomes $125,000 - $150,000 3,452 7% 1,063 8% 79 7%

Incomes $150,000 - $200,000 3,224 8% 1,211 9% 144 8%

Incomes $200,000 + 2,633 5% 839 6% 63 5%

5 mile 3 mile 1 mile

Page 5: FOR SALE Independence Commercial Opportunity in Growing

Independence – Commercial Opportunity in Growing Gwinnett County Market

3340 Peachtree Road · Suite 1660

Atlanta, GA 30326

P: 404.504.8793 · F: 404.504.8771

www.avalonrepartners.com

Brooks Battle

Direct: 404.504.8776

[email protected]

Brent Story

Direct: 404.504.8793

[email protected]

4 MILE RADIUS

HollowstoneUnder development for 215 new homes

Brushy Fork/OaksUnder development for

98 new homes

Brookfield Farm Under developmentfor 113 new homes

SaddlebrookUnder development for 166 new homes

Gladstone Landing (TH)Under development for

66 new homes

Langley Farms Under development for

54 new homes

Planned for 176 new homes

StonecreekUnder development for

128 new homes

IndependenceUnder development for

765 homes

Ozora LakeUnder developmentfor 63 new homes

INDEPENDENCE | Hwy 20, Gwinnett County | Market

Central Park Under developmentfor 250+ new homes

• There are 30 new

construction

neighborhoods under

construction that will

bring an additional 1,284+

new homes to the market

(neighborhoods with 40 or

more remaining

opportunities are shown

on the map).

• Another 2,723+ new

homes are in the pipeline.

• 525 new homes were sold

between July 2018 –

November 2020 , bringing

an additional 525 new

rooftops to the submarket.

In a 5-mile radius:

• 129,500 population

• 42,200 households (HH)

• $82,200 avg HH income

• Average HH Age: 50

5

Aspen GroveUnder developmentfor 159 new homes

Newberry Place Under development for

204 new homes

Page 6: FOR SALE Independence Commercial Opportunity in Growing

Independence – Commercial Opportunity in Growing Gwinnett County Market

3340 Peachtree Road · Suite 1660

Atlanta, GA 30326

P: 404.504.8793 · F: 404.504.8771

www.avalonrepartners.com

Brooks Battle

Direct: 404.504.8776

[email protected]

Brent Story

Direct: 404.504.8793

[email protected]

INDEPENDENCE | Hwy 20, Gwinnett County | Site Plan

SOLD TO A NATIONAL

HOMEBUILDER

FOR THE CONSTRUCTION

OF 765 NEW HOMES

SOLD TO A NATIONAL

HOMEBUILDER

FOR THE CONSTRUCTION

OF 765 NEW HOMES

SOLD AND UNDER

CONSTRUCTION FOR 110 NEW

FOR-SALE HOMES FOR THE

ACTIVE ADULT

Site plan is conceptual in nature. Zoning is not site plan specific.

6 ACRES SOLD FOR

SELF STORAGE

DEVELOPMENT

PAD 15 UNDER

CONTRACT

Page 7: FOR SALE Independence Commercial Opportunity in Growing

Independence – Commercial Opportunity in Growing Gwinnett County Market

3340 Peachtree Road · Suite 1660

Atlanta, GA 30326

P: 404.504.8793 · F: 404.504.8771

www.avalonrepartners.com

Brooks Battle

Direct: 404.504.8776

[email protected]

Brent Story

Direct: 404.504.8793

[email protected]

INDEPENDENCE | Hwy 20, Gwinnett County | Plan Exhibit

SOLD SOLD

SOLD

Site plan is conceptual in nature. Zoning is not site plan specific.

6 ACRES SOLD!PAD 15 U/C

Page 8: FOR SALE Independence Commercial Opportunity in Growing

Independence – Commercial Opportunity in Growing Gwinnett County Market

3340 Peachtree Road · Suite 1660

Atlanta, GA 30326

P: 404.504.8793 · F: 404.504.8771

www.avalonrepartners.com

Brooks Battle

Direct: 404.504.8776

[email protected]

Brent Story

Direct: 404.504.8793

[email protected]

INDEPENDENCE | Hwy 20, Gwinnett County | Parcel Pricing

PAD 5 SOLD AND UNDER

CONSTRUCTION FOR 110

NEW FOR-SALE HOMES IN

AN ACTIVE ADULT (55+)

COMMUNITY

SOLD

6 ACRES OF PAD 8

SOLD

6 acres of pad 8 is SOLD!

Pad 15 is under

contract

Pad - Parcel No.*

Approx. Acreage

Per Acre PriceEstimate Full

Price*

1 10 300,000.00$ 3,000,000.00$

2 2.8 300,000.00$ 840,000.00$

3 1.4 600,000.00$ 840,000.00$

4 1.6 300,000.00$ 480,000.00$

5 8.9 200,000.00$ 1,780,000.00$

6** 2.7 370,370.37$ 1,000,000.00$

7** 1.5 500,000.00$ 750,000.00$

8 8.4 250,000.00$ 3,600,000.00$

9 2.4 500,000.00$ 1,200,000.00$

10 1.3 500,000.00$ 650,000.00$

11 1.6 500,000.00$ 800,000.00$

12 2.2 500,000.00$ 1,100,000.00$

13 1.9 500,000.00$ 950,000.00$

14 1.7 500,000.00$ 850,000.00$

15 1.9 500,000.00$ 950,000.00$

16 2.8 500,000.00$ 1,400,000.00$

17 2.8 500,000.00$ 1,400,000.00$

18 2 500,000.00$ 1,000,000.00$

19 2 500,000.00$ 1,000,000.00$

20 1.8 500,000.00$ 900,000.00$

21 13.6 350,000.00$ 4,760,000.00$

22 7.7 350,000.00$ 2,695,000.00$

Page 9: FOR SALE Independence Commercial Opportunity in Growing

Independence – Commercial Opportunity in Growing Gwinnett County Market

3340 Peachtree Road · Suite 1660

Atlanta, GA 30326

P: 404.504.8793 · F: 404.504.8771

www.avalonrepartners.com

Brooks Battle

Direct: 404.504.8776

[email protected]

Brent Story

Direct: 404.504.8793

[email protected]

Pad - Parcel No.*

Approx. Acreage

Per Acre PriceEstimate Full

Price*

1 10 300,000.00$ 3,000,000.00$

2 2.8 300,000.00$ 840,000.00$

3 1.4 600,000.00$ 840,000.00$

4 1.6 300,000.00$ 480,000.00$

5 8.9 200,000.00$ 1,780,000.00$

6** 2.7 370,370.37$ 1,000,000.00$

7** 1.5 500,000.00$ 750,000.00$

8 8.4 250,000.00$ 3,600,000.00$

9 2.4 500,000.00$ 1,200,000.00$

10 1.3 500,000.00$ 650,000.00$

11 1.6 500,000.00$ 800,000.00$

12 2.2 500,000.00$ 1,100,000.00$

13 1.9 500,000.00$ 950,000.00$

14 1.7 500,000.00$ 850,000.00$

15 1.9 500,000.00$ 950,000.00$

16 2.8 500,000.00$ 1,400,000.00$

17 2.8 500,000.00$ 1,400,000.00$

18 2 500,000.00$ 1,000,000.00$

19 2 500,000.00$ 1,000,000.00$

20 1.8 500,000.00$ 900,000.00$

21 13.6 350,000.00$ 4,760,000.00$

22 7.7 350,000.00$ 2,695,000.00$

9

INDEPENDENCE | Hwy 20, Gwinnett County | Parcel Pricing

SOLD

Pad 15 is under

contract

6 acres of Pad 8 is SOLD!

Page 10: FOR SALE Independence Commercial Opportunity in Growing

Independence – Commercial Opportunity in Growing Gwinnett County Market

3340 Peachtree Road · Suite 1660

Atlanta, GA 30326

P: 404.504.8793 · F: 404.504.8771

www.avalonrepartners.com

Brooks Battle

Direct: 404.504.8776

[email protected]

Brent Story

Direct: 404.504.8793

[email protected]

INDEPENDENCE | Gwinnett Commercial Opportunity