offering memorandum (l) · broker profile commercial/retail land on lawrenceville highway | 2.3...
TRANSCRIPT
C 2 Z O N E D L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC 2 Z O N E D L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S
O F F E R I N G M E M O R A N D U MO F F E R I N G M E M O R A N D U M
L A N D & D E V E L O P E R S E R V I C E SL A N D & D E V E L O P E R S E R V I C E S
P E R R Y H A Y E SP E R R Y H A Y E S | 404-876-1640 x135 | [email protected]
L A N D & D E V E L O P E R S E R V I C E SL A N D & D E V E L O P E R S E R V I C E S B U L L R E A L T Y . C O MB U L L R E A L T Y . C O M
C O V E R P A G EC O V E R P A G E 11
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 22
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 S 33
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 Y 44
L O C A T I O N M A P SL O C A T I O N M A P S 55
R E T A I L E R M A PR E T A I L E R M A P 66
S U R V E YS U R V E Y 77
N E T B U I L D A B L E S P A C EN E T B U I L D A B L E S P A C E 88
S A L E C O M P SS A L E C O M P S 99
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 P 1212
B R O K E R P R O F I L EB R O K E R P R O F I L E 1313
T E A M P R O F I L ET E A M P R O F I L E 1414
| T A B L E O F C O N T E N T S| T A B L E O F C O N T E N T S
DISCLAIMER & LIMITING CONDITIONSDISCLAIMER & LIMITING CONDITIONS
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 3 of3 of 1414
This Confidential 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 aprospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions relating to the general economy, competitionand 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. Anopportunity to inspect the Property will be made available to qualified prospective purchasers.
In this Confidential Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or accurate descriptions of thefull agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review independently all documents.
This Confidential Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or adviceas 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 theadvisability 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 atany time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this Confidential Memorandum or making an offer to purchasethe 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’sobligations 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 Confidential Memorandum may be used only by parties approved by the Owner. The Property is privately offered, and by accepting this Confidential Memorandum, the party inpossession hereof agrees (i) to return it if requested and (ii) that this Confidential Memorandum and its contents are of a confidential nature and will be held and treated in the strictestconfidence. No portion of this Confidential Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Bull Realty, Inc. orOwner/Seller. The terms and conditions set forth above apply to this Confidential Memorandum in its entirety and all documents, disks and other information provided in connectiontherewith.
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 4 of4 of 1414
PROPERTY OVERVIEWPROPERTY OVERVIEW
This unique opportunity to purchase 2.3 acres is on Lawrenceville Highway in Tucker, GA. The street
level, flat, C-2 zoned commercial site is well located on Lawrenceville Highway just north of Jimmy
Carter Boulevard. The property has excellent exposure and visibility with 300 feet of frontage on
Lawrenceville Highway. The premium Gwinnett County location offers excellent demographics and the
area is experiencing tremendous growth.
The flexible C-2 zoning allows for a variety of uses such as: multi-tenant retail, drug stores, restaurant/
fast food, banks, medical or law offices, auto parts stores, convenience stores/gas stations and religious
facilities. Traffic counts on Lawrenceville Highway exceed 35,000 vehicles per day.
•
PROPERTY SUMMARYPROPERTY SUMMARY
Address:Address: 5990 Lawrenceville HighwayTucker, GA 30084
County:County: Gwinnett
Sale Price:Sale Price: $349,900
Price/Acre:Price/Acre: $152,130
Site Size:Site Size: 2.3 Acres
Parcel ID:Parcel ID: R6138 133
Zoning:Zoning: C2
EXECUTIVE SUMMARYEXECUTIVE SUMMARY
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 5 of5 of 1414
LOCATION MAPSLOCATION MAPS
RETAILER MAPRETAILER MAP
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 6 of6 of 1414
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 7 of7 of 1414
SURVEYSURVEY
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 8 of8 of 1414
NET BUILDABLE SPACENET BUILDABLE SPACE
SALE COMPSSALE COMPS
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 9 of9 of 1414
5990 Lawrenceville Highway | Tucker, GA 30084SUBJECT PROPERTYSUBJECT PROPERTY
1
4441 Sentry DriveTucker, GA 30084
2
732 Harbin RoadLilburn, GA 30047
3
5054 Lawrenceville HighwayLilburn, GA 30047
4
6150 Buford HighwayNorcross, GA 30071
5
5990 Lawrenceville HighwayTucker, GA 30084
6
6275 Best Friend RoadNorcross, GA 30071
SALE COMPSSALE COMPS
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 10 of10 of 1414
SUBJECT PROPERTY
5990 Lawrenceville Highway | Tucker, GA 30084
$349,900Sale Price:
2.3 ACSite Size:
$3.49Price PSF:
$152,130Price / AC:
4441 Sentry Drive | Tucker, GA 30084
$800,000Sale Price:
4.4 ACSite Size:
$4.17Price PSF:
$181,818Price / AC:
01/05/2015Closed:
1
Curb/gutter/sidewalk, electricity, gas, sewer, water
732 Harbin Road | Lilburn, GA 30047
$325,000Sale Price:
1.34 ACSite Size:
$5.57Price PSF:
$242,537Price / AC:
05/29/2015Closed:
2
Curb/gutter/sidewalk, electricity, gas, sewer, water
5054 Lawrenceville Highway | Lilburn, GA 30047
$380,000Sale Price:
2.28 ACSite Size:
$3.83Price PSF:
$166,666Price / AC:
02/26/2015Closed:
3
Curb/gutter/sidewalk, electricity, gas, sewer, water
SALE COMPSSALE COMPS
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 11 of11 of 1414
6150 Buford Highway | Norcross, GA 30071
$625,000Sale Price:
4.36 ACSite Size:
$3.29Price PSF:
$143,348Price / AC:
09/13/2013Closed:
4
Curb/gutter/sidewalk, electricity, gas, sewer, water
5990 Lawrenceville Highway | Tucker, GA 30084
$194,000Sale Price:
0.5 ACSite Size:
$8.91Price PSF:
$388,000Price / AC:
07/07/2015Closed:
5
Curb/gutter/sidewalk, electricity, gas, sewer, water
6275 Best Friend Road | Norcross, GA 30071
$650,000Sale Price:
3 ACSite Size:
$4.97Price PSF:
$216,666Price / AC:
05/01/2014Closed:
6
Curb/gutter/sidewalk, electricity, gas, sewer, water
DEMOGRAPHICS MAPDEMOGRAPHICS MAP
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 12 of12 of 1414
* Demographic data derived from 2010 US Census
1 Mile1 Mile 3 Miles3 Miles 5 Miles5 Miles
Total PopulationTotal Population 12,118 91,896 227,086Population DensityPopulation Density 3,857 3,250 2,891Median AgeMedian Age 33.5 34.3 33.9Median Age (Male)Median Age (Male) 33.3 33.5 33.4Median Age (Female)Median Age (Female) 34.6 34.7 34.4Total HouseholdsTotal Households 4,416 29,805 78,765# of Persons Per HH# of Persons Per HH 2.6 2.9 2.8Average HH IncomeAverage HH Income $65,483 $66,904 $65,401Average House ValueAverage House Value $203,386 $231,764 $229,057
BROKER PROFILEBROKER PROFILE
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 13 of13 of 1414
50 Glenlake Parkway, Suite 600Atlanta, GA 30328
404-876-1640 [email protected]
V.P. Land & Developer ServicesPERRY HAYESPERRY HAYES Professional BackgroundProfessional Background
Perry Hayes has been selling and developing real estate in Atlanta area for over twenty years as owner of his own constructioncompany. Perry joined Bull Realty to provide his clients a marketing platform proven to maximize asset value in this economic cycle.Perry uses his experience in land sales and acquisitions, site analysis and development skills to add value to his clients’ real estatetransactions.
Perry is a member of the National Association of Realtors and the Atlanta Commercial Board of Realtors.
Perry received a B.S. Degree from Auburn University.
Bull Realty Inc.
Bull Realty is a commercial real estate sales, leasing and advisory firm headquartered in Atlanta and licensed in ten Southeast states.The firm was founded in 1998 with two primary missions: to provide a company of advisors known for their integrity and to providethe best disposition marketing in the nation. Client services include disposition, acquisition, project leasing, tenant representation,asset management and consulting services. 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 The Commercial Real Estate Show, a national video and talk radio show enjoyed by millions of people around thecountry. Industry analysts, leading market participants and the firm's founder Michael Bull share market intelligence, forecasts andsuccess strategies. The show has aired every week since 2010 on radio stations, iTunes, YouTube and www.atlCREshow.com. The firmalso produces Atlanta's Commercial Real Estate Show available on Sunday afternoons on AM920 WGKA andwww.atlCREshow.com.
TEAM PROFILETEAM PROFILE
C O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E SC O M M E R C I A L / R E T A I L L A N D O N L A W R E N C E V I L L E H I G H W A Y | 2 . 3 A C R E S | Georgia | 14 of14 of 1414
Perry HayesPerry HayesV.P. Land & Developer Services
404-876-1640 x135
Jude SullivanJude SullivanMarketing
Aubri LienemannAubri LienemannMarketing
Scott JacksonScott JacksonAnalyst