View PDF Flyer - Transwestern.com
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View PDF Flyer - Transwestern.com
Vickery Village Office - Cumming, Georgia Award-Winning Stablized Office Opportunity Exclusively Presented by: vickery village office investment highlights Property Specifications Premier suburban atlanta location Address 5820, 5830 & 5860 Clarion Street The subject property is located in South Forsyth County within the Georgia 400 corridor. Its location benefits from the following strengths: City, State, Zip Code Cumming, GA 30040 Jurisdiction Forsyth County Zoning PUD (Planned Unit Development) Property Type Multi-Unit Condominium Development Year Built 2006 Education: • Adjacent to highly-rated Vickery Middle and Vickery Elementary Schools. Stories 2 Number of Buildings 3 Infrastructure Improvements: • Widening of GA-400 up to Exit 12, just south of the subject property • Widening of GA 141 up to Castleberry Road, which provides access to Exit 13 on GA-400 Number of Units 10 Size 13,042 SF Occupancy 100% Residential: • Plethora of high-end residential communities • Tremendous population growth - Forsyth County is ranked 6th in the nation • Robust new home construction - adjacent to more than 400 homes with ±180 lots remaining SUPERIOR DEMOGRAPHICS The area surrounding Vickery Village offers some of the strongest demographics in the United States: • Average household income of $137,000 within one mile • Average home value of $398,000 within one mile WORLD CLASS ARCHITECTURE & SITE PLAN • Excellent curb appeal - built in 2006, Vickery Village is part of a master plan designed by Duany Plater-Zyberk & Company’s Andres Duany, the “Father of Urbanism” • Convenient access – three ingress/egress points, plus one future entrance, including signalized intersection with Post Road/Majors Road • Good visibility – buildings and signage are visible from Post Road • Available well below replacement cost of approximately $225 PSF STABILIZED OPPORTUNITY WITH STRONG CASH FLOW • Rising rental rates due to strong tenant demand • Tenants pay all expenses (Triple Net) • Above average tenant improvements vickery village office site aerial A master-planned community with more than 400 existing homes and +/– 180 remaining lots SUBJECT VICKERY VILLAGE RETAIL CENTER post road vickery village office vickery village retail amenities 62,264 SF of Restaurants & Services Adjacent To Vickery Village Office Rick Tanners, 5,403 SF, a family friendly, mid-priced restaurant that specializes in rotisserie chicken, burgers, chicken fingers, etc. Rick Tanner’s sales have increased dramatically year over year, and they recently expanded their footprint. The concept also includes Cherry Street Brewing, an award winning craft brewery. Mary’s Bread Basket, 1,667 SF, specializing in fresh baked bread, cakes, cookies and cupcakes. Mary’s also offers sandwiches, soups and salads. Mary’s will open this Summer. Sidney’s Pizza Parlor, 2,525 SF, featuring hand-tossed, brick oven pizza, pasta, wings, sandwiches, wraps, salads and desserts. Cinco Mexican Cantina, 6,000 SF, a traditional Mexican restaurant offering tacos, burritos, entrees, fajitas, etc. One of four metro Atlanta locations. Branchwater Restaurant, 4,568 SF, serving steaks, seafood and cocktails, open for dinner only. Chill Hill, 1,000 SF, an ice cream and frozen yogurt shop. In addition to the dining options, Vickery Village has several service oriented tenants that cater to the nearby population: Lanier Personal Training, 4,584 SF, a fitness coaching center that offers personalized service. This tenant has expanded three times. Royal Dance, 3,965 SF, a dance education studio that recently opened its second location at Vickery. vickery village retail amenities vickery village office south forsyth/north fulton Strengths Vickery Village possesses many locational strengths, such as high-income demographics, flourishing population and excellent access to metro Atlanta. The property is adjacent to highly-rated Vickery Creek Elementary and Vickery Creek Middle Schools. North Fulton and South Forsyth feature some of the strongest average annual income and home value demographics in the nation. Forsyth County consistently ranks among the fastest-growing counties in the United States and is currently 6th according to CNNMoney. The County’s school system is Georgia’s ninth largest and outperforms state and national averages with an 87% graduation rate compared to 69% for the state. Key infrastructure improvements, including the widening of Georgia 400 up to McFarland Parkway, the widening of Peachtree Parkway to Johns Creek, and the widening of Bethelview Road from GA 400 to Castleberry Road, have accelerated the area’s population growth. North Fulton is one of the most powerful economic drivers in the state. The area’s office market, home to the second largest concentration of executive decision makers in metro Atlanta, totals nearly 19 million square feet of space and includes three Fortune 500 headquarters, major regional operations for 16 other Fortune 500 firms and thousands of smaller companies. 575 75 400 316 141 75 85 400 85 285 78 ATLANTA 20 285 20 20 166 Hartsfield-Jackson International Airport 675 85 VICKERY VILLAGE 75 Market Place Boulevard The Collection at Forsyth Fowler Park Big Creek Greenway for more information, please contact: Todd Syprett Kevin Markwordt Managing Director Vice President 404.842.6508 404.842.6618 [email protected] [email protected] 3340 Peachtree Road, NE, Suite 1000 Atlanta, GA 30326 t: 404.842.6600 | f: 404.842.6601 www.transwestern.com We obtained the information in this offering package from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.