1621 Satellite Blvd - Freestanding FOR SALE


Duluth, GA 30097
$6,760,000 USD
773-727-4285
1621 Satellite Blvd, Duluth, GA for Sale
$6,760,000 USD
Freestanding - FOR SALE
1/1
null | 6.83% Cap Rate

1621 Satellite Blvd
Duluth, GA 30097


HIGHLIGHTS

  • Strategic Location Within Atlanta’s Northeast Industrial Hub
  • Mission-Critical Flex Facility Near Corporate Headquarters
  • Established Retail Corridor Anchored by National Brands
  • Ongoing Development Activity Fueling Regional Growth
  • Below-Market Rent with Growing Cash Flow and Minimal Landlord Obligations
  • Affluent and Expanding Demographics Support Labor and Demand

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,760,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

6.83%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

3.69 AC

LAND SF

160,736 SF

ZONING

-

APN/PARCEL ID

R7123-009

ASK ABOUT THIS PROPERTY

BJ FellerNorthmarqMore Info
773-727-4285

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BJ FellerNorthmarqMore Info
773-727-4285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.