Village Shoppes of Sugarloaf

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

THE OFFERING
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.