2634 Cindy Ln - Storefront FOR SALE


Snellville, GA 30078
$675,000 USD
678-640-9810
2634 Cindy Ln, Snellville, GA for Sale
$675,000 USD
Storefront - FOR SALE
1/2
null | 8.2% Cap Rate

2634 Cindy Ln
Snellville, GA 30078


HIGHLIGHTS

  • Well managed Snellville Retail Center now available with an 8.2% Cap Rate
  • 100% occupied and has mature Tenants
  • Owner follows a well-formulated maintenance strategy;

OVERVIEW

Well managed and maintained Snellville Retail Center now available, 100% occupied, 8.2% Cap Rate and has mature Tenants; Tenant A 33 year old business Tenant B 15+ years as same business model Tenant C 15+ years as same business model Tenant D 6 year old business under same owner Additional details are available by contacting Jordan Colletta (678-478-6957), Vici Real Estate and a Manager of Bound Upward LLC Owner has decided to make this property available, in order to take advantage of another opportunity. As a result; Price is firm Buyer must sign Confidentiality Agreement and provide Proof of Funds before any showing or financials are shared Buyer may have property inspected but there will be no Seller contributions Please do not approach Tenants as this is a confidential placement Owner follows a well-formulated maintenance strategy; Parking Lot Resurfaced in 2021 Roof Membrane, with a forecasted life expectancy of 20 -30, years was installed in Oct 2010 Summary of mechanicals: Suite A: A/C replaced in 2016, Furnace replaced in 2016, Hot Water tank replaced in 2024 Suite B: A/C replaced in 2016, Furnace replaced in 2020, Hot Water tank replaced in 2017 Suite C: A/C replaced in 2020, Furnace not currently used by Tenant (Replacement Furnace has been procured and is awaiting the Tenant's need to change), Hot Water tank replaced in 2024 Suite D: A/C repaired in 2022 (complete AC system has been procured and is awaiting current system to stop working), Furnace replaced in 2019, Hot Water tank replaced in 2024 This Snellville Retail Center is priced under market, is in a wonderful growing city with very few comparable retail centers available to purchase and each of the Center's 4 suites have a full basement which provides critical storage for retail and service Tenants and is in a Great Location; 1.2 miles to Snellville City Hall & 'The Grove at Towne Center' Building Visible from Main Street (US-78) Signage on US-78 Growing Demographics of Snellville Population (2022) 22,024 2-Year Pop Increase 7.00% Density (sqmi) 2,032 Income (MHI) $88,586 'The Grove at Towne Center' $85 Million Development Project in Downtown Snellville. Details at https://partnershipgwinnett.com/project/the-grove-at-snellville-towne-center/ 50,000 square feet of retail, restaurant, office and entertainment space 250 luxury rentals New library with a “community/incubator space” Bike and pedestrian paths connecting with Snellville Greenway Seller's preferred Lending Broker is Stephen Collins at Gauge CAPITAL, Inc whose contact number is 770-862-2464 Additional details are available by contacting Jordan Colletta (678-478-6957), Vici Real Estate and Manager of Bound Upward LLC. (Note: Seller and Agent are related.)

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

8.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

AA003

APN/PARCEL ID

5-059-212

ASK ABOUT THIS PROPERTY

Adel ElmankabadyVici Real EstateMore Info
678-640-9810

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Adel ElmankabadyVici Real EstateMore Info
678-640-9810

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