2057 Grayson Hwy - Freestanding FOR SALE


Grayson, GA 30017
$1,695,492 USD
404-272-3880
2057 Grayson Hwy, Grayson, GA for Sale
$1,695,492 USD
Freestanding - FOR SALE
1/20
null | 7.25% Cap Rate

2057 Grayson Hwy
Grayson, GA 30017


HIGHLIGHTS

  • SOLID Investment Property- 7.25% Cap Rate -2 Tenants, 2 Free-standing Buildings on mega busy Grayson Hwy/ Hwy 20
  • Legacy Property and 1st time on the market in 25 yrs. Long term, established Tenants with runway on NNN Leases.
  • Dominant Retail Thoroughfare with 47,000 cars per day and beside City of Grayson Amphitheater and Public Park
  • Proximity to Kroger, Chipotle, Starbucks, Panda Express, Whataburger, and Chase Bank

OVERVIEW

FULLY LEASED INVESTMENT- 2 Tenant, 2 Freestanding Buildings Property. 7.25% Cap Rate- Strong Tenants and Leases- Offering Memorandum being prepared. Email or text for details. 3,751/sf Dance School/Event Center Building, (former Livery Station rebuilt in 2018), is both rustic and refined with hardwood floors, beamed high ceilings, catering kitchen, removable room divider, outdoor spaces and french doors overlooking the scenic City of Grayson Park and Amphitheater. Home to The Gwinnett School of Dance, since 2018, and recently purchased by a legacy Dance student and husband. 2,513/sf Victorian Landmark Building (The McConnell House, circa 1890, beautifully restored and maintained) home to long-term Tenant, Gwinnett School of Music has been in this location 21 yrs. Acquired by Ensemble Performing Arts, the largest Music and Dance School company in the U.S. Tenant has 2.5 yrs left on this lease term and a 5 -yr. option. It’s their busiest location in GA.

FOR SALE DETAILS

PRICE

$1,695,492 USD

PRICE/SF

$271 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Tenant, 2-Bldg RetaiI Investment- Gwinnett

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

OI, Grayson

APN/PARCEL ID

5-136-026

ASK ABOUT THIS PROPERTY

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404-272-3880

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Roxanne HazenPHP CommercialMore Info
404-272-3880

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