3330-3410 Sugarloaf Parkway, Lawrenceville, GA 30044
Village Shoppes of Sugarloaf
Grocery-Anchored Retail with Value-Add Opportunity
♦ Grocery-anchored center with value enhancement opportunities; 63.6% occupied with 54,489 SF of available space to be leased
♦ Publix reported roughly $384 PSF in sales in 2018, a healthy number for a large format store
♦ 61,000 vehicles per day between Sugarloaf Parkway and Five Forks Trickum Road SW
♦ Positioned in a dense residential area with 218,483 people and an average household income of $89,195 within a 5-mile radius
CBRE’s Investment Group is proud to offer Village Shoppes of Sugarloaf, a Publix anchored retail center located at 3330-3410 Sugarloaf Parkway, Lawrenceville, Georgia 30044 (“The Property”) for purchase. Well located along the heavily trafficked Sugarloaf Pkwy in the Atlanta-Sandy Springs-Alpharetta MSA, Village Shoppes of Sugarloaf presents a unique value-add opportunity for investors to purchase a grocery anchored center at an attractive basis in a dense and growing market. The offering provides a mix of stable cash flow from its in-place tenancy, and value-add upside potential through vacancy absorption and strategic leasing strategies.
Built in 2003, Village Shoppes of Sugarloaf is comprised of four (4), single story buildings totaling ±18.17 acres. The Property is currently ±63.6% occupied to local, regional and national tenants including Publix, Sally Beauty Supply, Goodwill, US Renal Care, Farmers Insurance, Gwinnett Humane Society, and Eastside Urgent Care. The diverse mix of internet resistant tenants have long operating histories, staggered lease expirations, contractual rate increases, and options to extend. The Property’s anchor, Publix, occupies 36% of GLA, opened in 2003 and is in-place through March 2023 with eight 5-year extension options. A new investor can substantially improve leasing velocity of the vacant retail space through a strategic leasing plan.
Village Shoppes of Sugarloaf is conveniently located on a busy 4-lane thoroughfare and offers excellent ingress/egress with a dedicated turning lane and multiple access points. The Property offers abundant surface parking spaces and a large pylon sign identifies the property and tenants along Sugarloaf Pkwy and also at the intersection of Sugarloaf Pkwy and Five Forks Trickum Rd. There are 3 outparcels to the Property that are NOT included in this offering but do generate traffic to the Property: Wendy’s, Zaxbys, and Bruster’s Real Ice Cream. The Property is the prominent retail center in the immediate area and benefits from extremely strong demographics (population of ±218,483 and an average household income of ±$89,195 within a 5-mile radius). Additionally, within a 5-mile radius of the Property consumer spending in retail sales accounts for ±$1,613,442,097.
CW Capital Markets and Capital Slack are pleased to offer Seller Approved Financing Options for Village Shoppes of Sugarloaf
For details please contact Matt Bertram or Mike Wieden of Capital Slack:
Matt Bertram Mike Wieden
Founder & CEO Managing Director
Capital Slack Capital Slack
75 Fifth Street NW, Suite 3404; Atlanta, GA 30307
More Lender Engagement in Less Time. That is the Power of Capital Slack.
Engaging Capital Slack offers you several advantages to win the upcoming sale of the Village Shoppes of Sugarloaf. Most significantly, Clients will receive unparalleled access to the most competitive lenders in the market. Our proprietary lender engagement platform has the power to quickly solicit customized lender quotes ahead of the auction bid date. As an added bonus, the seller has agreed to provide Capital Slack clients more flexibility in their closing terms, which include:
Capital Slack has already begun to gather market interest in financing the upcoming acquisition. Lenders choose to work with Capital Slack for its reliable communication technology and straightforward process backed by industry veterans that have closed hundreds of commercial loans. For all leverage levels and business plans, we will locate the best terms in the marketplace. Capital Slack also achieves better terms from your existing lending relationships by establishing a structured competition that ensures consistent information amongst all prospective lenders.
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About Capital Slack:
Capital Slack’s proprietary technology offers CRE owners a secure marketplace with efficient and effective communication tools. Designed around gaining and keeping the attention of best in class lenders, Capital Slack enables clients to engage more lenders in less time and ensures certainty of execution. We cut the fat out of loan origination process. Clients benefit by controlling the process and communicating directly with interested lenders, minimizing the miscommunications that put deals at risk. The exponential power of our technology allows Clients to close more deals on better terms and ultimately build a stronger enterprise.
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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
Fisher Auction Company Inc.