offering memorandum · 2018. 6. 6. · disclaimer & limiting conditions bg zoned retail pad |...

18
Offering Memorandum Offering Memorandum BG ZONED RETAIL PAD | 1.01 ACRES BG ZONED RETAIL PAD | 1.01 ACRES

Upload: others

Post on 04-Aug-2021

2 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

Offering MemorandumOffering MemorandumB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Page 2: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

P a g e 2 o f 1 8

D I S C L A I M E R & L I M I T I N G C O N D I T I O N S 3

E X E C U T I V E S U M M A R Y 4

P R O P E R T Y O V E R V I E W 5

T A X P L A T 6

S U R V E Y 7

B G Z O N I N G 8

A D D I T I O N A L P H O T O S 9

L O C A T I O N M A P S 12

R E T A I L M A P 13

I N T H E A R E A 14

D E M O G R A P H I C S M A P 16

B R O K E R P R O F I L E 17

T E A M P R O F I L E 18

T A B L E O F C O N T E N T ST A B L E O F C O N T E N T S

50 Glenlake Parkway, Suite 60050 Glenlake Parkway, Suite 600

Atlanta, GA 30328Atlanta, GA 30328

BullRealty.comBullRealty.com

Michael WessMichael Wess

Commercial Real Estate AdvisorCommercial Real Estate Advisor

[email protected]@BullRealty.com

404-876-1640 x150404-876-1640 x150

Exclusively listed by Bull Realty, Inc.

Page 3: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

D I S C L A I M E R & L I M I T I N G C O N D I T I O N SD I S C L A I M E R & L I M I T I N G C O N D I T I O N SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

P a g e 3 o f 1 8

Bull Realty has been retained as the exclusive listing broker to arrange the sale of the Subject Property.

This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information

that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions

relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not

rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective

purchasers.

In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or

accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review

independently all documents.

This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation,

endorsement or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own

investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate

discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this

Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed,

delivered and approved by the Owner/Seller and any conditions to the purchaser's obligations therein have been satisfied or waived. The Seller reserves the

right to move forward with an acceptable offer prior to the call for offers deadline.

This Offering Memorandum may be used only by parties approved by the Owner. The Property is privately offered, and by accepting this Offering

Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of a confidential

nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed

to anyone without the prior written authorization of Bull Realty, Inc. or Owner/Seller. The terms and conditions set forth above apply to this Offering

Memorandum in its entirety and all documents, disks and other information provided in connection therewith.

Page 4: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

5042 Nelson Brogdon Boulevard is a 1.01 acre rectangular tract located in themiddle of the booming municipality of Sugar Hill. There is currently an 8,250 squarefoot retail building on the parcel, but it can be redeveloped into a variety of retailuses.

The back of the property overlooks The Bowl and EpiCenter developments. Theproperty fronts high traffic counts on Nelson Brogdon Boulevard, which leads toGA-400 to the northwest and Peachtree Industrial Blvd, Mall of Georgia, and I-985to the southeast.

• 1.01 acre rectangular parcel in downtown Sugar Hill surrounded by almost 25acres of city-owned land

• Current structure on property is an 8,250 SF retail building with eight 20' x 18'drive-in doors (four on front and back of building)

• BG Zoning (City of Sugar Hill) allows for bank, convenience store, fitness center,office, restaurant, and many others (see page 8 for details)

• 240' of frontage along Nelson Brogdon Blvd, downtown Sugar Hill's mosttrafficked thoroughfare with 27,579 vehicles per day

• 280’ on backside of property lies adjacent to The Bowl, Sugar Hill’s recentlycompleted, 1,750-person amphitheater, and overlooks the EpiCenterdevelopment (delivering 2018)

• $200,000,000 in private investment currently ongoing in the downtown area

P a g e 4 o f 1 8

E X E C U T I V E S U M M A R YE X E C U T I V E S U M M A R YB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

PRICE | $1,200,000PRICE | $1,200,000LEASE RATE | $10/SF NNNLEASE RATE | $10/SF NNN

Page 5: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

P a g e 5 o f 1 8

P R O P E R T Y O V E R V I E WP R O P E R T Y O V E R V I E WB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Address: 5042 Nelson Brogdon Blvd, Sugar Hill, 30518

County: Gwinnett

Site Size: 1.01 Acres

Building Size: 8,250 SF

Parcel ID: R7292-069A

Zoning: BG

Proposed Use: Owner / User

Lease Rate $10/SF NNN

Sale Price: $1,200,000

Page 6: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

P a g e 6 o f 1 8

T A X P L A TT A X P L A TB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Page 7: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

P a g e 7 o f 1 8

S U R V E YS U R V E YB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Page 8: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

BG ZONING

(BG) General Business District provides for a wide range of retail land service establishments in a central business environment. Intended to provide adequate space in appropriate locations along major streets, thoroughfares and at intersections for various types of business use. These uses should include the retailing of major goods and services, general office facilities and public functions that would serve a community area of several neighborhoods. Development of uses in the district characteristically occupies a larger area than in the HSB district because it is intended to serve a greater population and to offer a wider range of services. Orientation and expansion of this district should occur as an increase in depth at major intersections rather than as a strip-like extension along the street or thoroughfare.and evacuation procedures. Changes in processing or manufacturing after initial approval relative to this requirement must be reported to the planning director within 15 days. Information provided herein shall be provided to the emergency medical service, the fire department and the sheriff’s department.

Please visit the link below for a list of permitted uses:http://properties.bullrealty.com/docs/documents/728659?token=90ad987e171a52f5ee07bb73f78870a6aaec61cf

P a g e 8 o f 1 8

B G Z O N I N GB G Z O N I N GB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Page 9: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

P a g e 9 o f 1 8

A D D I T I O N A L P H O T O SA D D I T I O N A L P H O T O SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Page 10: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

P a g e 1 0 o f 1 8

GA-20 is currently being expanded into 6 lanes in many areas and is a direct route to GA-400 and the City of CummingSite of 'Iconic,' Sugar Hill's massive eight story development that will be breaking ground summer of 2018

GA-20 is currently being expanded into 6 lanes in many areas and is a direct route toGA-400 and the City of Cumming

5042 Nelson Brogdon is the last one-acre site that lies in the middle of downtown SugarHill’s ongoing transformation with frontage on GA-20

5042 Nelson Brogdon is only 0.3 miles from Peachtree Industrial Blvd and 2.8 miles toI-985

Site of 'Iconic,' Sugar Hill's massive eight story development that will be breakingground summer of 2018

A D D I T I O N A L P H O T O SA D D I T I O N A L P H O T O SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Page 11: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

P a g e 1 1 o f 1 8

View of The Bowl and Epicenter from left edge of 5042 Nelson Brogdon

View of 5042 Nelson Brogdon from The Bowl

View of The Bowl and Epicenter from left edge of 5042 Nelson Brogdon

A D D I T I O N A L P H O T O SA D D I T I O N A L P H O T O SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Page 12: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

P a g e 1 2 o f 1 8

L O C A T I O N M A P SL O C A T I O N M A P SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Page 13: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

P a g e 1 3 o f 1 8

R E T A I L M A PR E T A I L M A PB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Page 14: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

P a g e 1 4 o f 1 8

I N T H E A R E AI N T H E A R E AB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Page 15: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

P a g e 1 7 o f 1 9

I N T H E A R E AI N T H E A R E AB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

E P I C E N T E R ( 2 0 1 8 D E L I V E R Y )E P I C E N T E R ( 2 0 1 8 D E L I V E R Y )

An infill mixed-use destination, which will host a full-sized

gymnasium, 351-seat movie theater, roof top terrace

with beer garden, and 30,000 square feet of premier

restaurants, shopping, and studio/office suites.

I C O N I C ( B R E A K I N G G R O U N D 2 0 1 8 )I C O N I C ( B R E A K I N G G R O U N D 2 0 1 8 )

Built by JWM Ventures and designed by Avalon and

Braves Battery designer Wakefield Beasley, Iconic will

go up eight stories and include a full-service Wyndham

hotel with views of The Bowl, a 20,000-square-foot

convention center on the roof, a rooftop restaurant,

37,000 square feet of retail, 60,000 square feet of office,

a grocery store, 80 condominiums and a parking deck

suited for 999 spaces.

T H E B O W LT H E B O W L

Sugar HillÕs recently completed, 1,750-person

amphitheater and pond that has hosted international

acts such as Sister Hazel, Third Eye Blind, and Collective

Soul.

C I T Y H A L LC I T Y H A L L

In 2010 Sugar Hill approved the process of constructing

a larger city hall to accommodate for the city's increase

in population. The new city hall was completed and

opened in January 2013.

Source: http://www.northfulton.com/stories/sugar-hill-yes-sugar-hill-exploding-with-downtown-growth,105697

P a g e 1 5 o f 1 8

I N T H E A R E AI N T H E A R E AB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Page 16: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

D E M O G R A P H I C S M A PD E M O G R A P H I C S M A PB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

P a g e 1 6 o f 1 8

* Demographic data derived from 2010 US Census

1 Mile1 Mile 3 Miles3 Miles 5 Miles5 Miles

Total PopulationTotal Population 6,605 47,551 114,386

Population DensityPopulation Density 2,102 1,682 1,456

Median AgeMedian Age 35.5 34.8 34.8

Median Age (Male)Median Age (Male) 34.1 33.7 34.0

Median Age (Female)Median Age (Female) 36.6 35.9 35.8

Total HouseholdsTotal Households 2,170 15,766 38,074

# of Persons Per HH# of Persons Per HH 3.0 3.0 3.1

Average HH IncomeAverage HH Income $79,037 $87,945 $100,704

Average House ValueAverage House Value $187,414 $275,331 $318,227

Page 17: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

B R O K E R P R O F I L EB R O K E R P R O F I L EB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

Bull Realty is a commercial real estate sales, leasing and advisory firm headquartered in Atlanta and licensed innine Southeast states. The firm was founded in 1998 with two primary missions: to provide a company ofadvisors known for their integrity and to provide the best disposition marketing in the nation. Client servicesinclude disposition, acquisition, project leasing, tenant representation, asset management and consultingservices. Advisors focus on specific property types including office, retail, industrial, multifamily, land, healthcare,senior housing, self-storage, automotive, hospitality and single tenant net lease properties.

The firm produces America's Commercial Real Estate Show, a national video show and podcast enjoyed bymillions of people around the country. Industry analysts, leading market participants and the firm's founderMichael Bull share market intelligence, forecasts and success strategies. The show has aired every week since2010 on iTunes, YouTube and www.CREshow.com. The firm also produces Atlanta's Commercial Real EstateShow available on AtlCREshow.com

404-876-1640 x150

P a g e 1 7 o f 1 8

50 Glenlake Parkway, Suite 600Atlanta, GA 30328

[email protected]

Commercial Real Estate AdvisorCommercial Real Estate Advisor

MICHAEL WESSMICHAEL WESS Professional BackgroundProfessional BackgroundMichael Wess joined Bull Realty having experience with the consulting and sales of various types of commercialreal estate, specializing in the acquisition and disposition of retail properties. Michael understands the necessityof producing individualized plans of action for his clients, and he consistently works in collaboration with them inorder to execute these plans and achieve their financial objectives.

Michael’s expertise in the real estate industry includes experience as a property manager, property taxconsultant and financial analyst for a multifamily developer. He earned his Georgia Real Estate License and theCertified Commercial Broker (CCB) certification. He is also an active member of the Atlanta Commercial Board ofRealtors.

Michael graduated from the Terry College of Business at the University of Georgia earning three degrees inFinance, Real Estate and International Business. Michael also earned a minor in Spanish while participating onthe rugby team and various philanthropic organizations. In his free time Michael enjoys traveling, hiking andcamping.

Bull Realty Inc.Bull Realty Inc.

Page 18: Offering Memorandum · 2018. 6. 6. · DISCLAIMER & LIMITING CONDITIONS BG ZONED RETAIL PAD | 1.01 ACRES Page 3 of 18 Bull Realty has been retained as the exclusive listing broker

T E A M P R O F I L ET E A M P R O F I L EB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E SB G Z O N E D R E T A I L P A D | 1 . 0 1 A C R E S

P a g e 1 8 o f 1 8

Michael WessMichael WessCommercial Real Estate Advisor

[email protected] x150

Preston BlairPreston BlairMarketing

Michelle MehrjerdianMichelle MehrjerdianMarketing

Scott JacksonScott JacksonAnalyst