Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire a fee simple interest in the Progressive Lighting property located at 1621 Satellite Blvd NW in Duluth, GA (“the Property”). Progressive Lighting continues to operate under its original NNN lease structure with limited landlord responsibilities. The lease has five years and five months remaining, which permits Progressive Lighting to occupy the Property until September 30, 2030. Progressive Lighting has been at this location since 2011.
The Property is located near Atlanta, Georgia, in a strong retail and industrial corridor. Less than 30 miles northeast from downtown Atlanta, the site benefits tremendously from its ease of access to I-85, which has an estimated traffic count of over 189,826 VPD. The Property is located less than 2 miles from Sugarloaf Mills and is near several large industrial buildings including Mitsubishi Electric, Atlanta Dental Supply Company, Rexel Holdings, and many more. The location has some of the strongest demographics in the region, with a population of 224,196 within five (5) miles and an average household income of $132,142 within three (3) miles.