Indian Trail Crossing

Transcription

INDIAN TRAIL CROSSING
5755 North Point Parkway, Suite 262
Alpharetta, GA 30022
770.481.1960
www.shanegroup.net
1175 Indian Trail Lilburn Road, Norcross, GA
770.481.1960 | www.shanegroup.net
INVESTMENT OVERVIEW
AERIAL MAP
AERIAL PHOTOGRAPH
SURVEY
PHOTOGRAPHS
Indian Trail Crossing is a five tenant shopping center 100% leased to local tenants. It is comprised of 9,252 square feet, located
directly on the key corner intersection of Indian Trail Lilburn Road and Singleton Road in Norcross, GA in the northeastern suburbs
of Atlanta. The center was just constructed in 2008 and has remained fully occupied since the initial lease-up period.
The property is strategically located approximately one mile east of
Interstate 85 directly at a hard corner intersection with a traffic count of
66,000 cars per day. The immediate area is home to a diverse mix of
residential, office, and retail uses. Some of the area retailers include CVS,
Food Depot, and Dunkin' Donuts.
RENT ROLL
FINANCIAL SUMMARY
LOCATION MAPS
DEMOGRAPHICS





100% Leased (Zero Vacancy Since Development)
Located at Hard Corner Intersection
Leased to Only Five Tenants (Ease of Management)
Excellent Physical Condition (2008 Construction)
66,000 Vehicles per Day at Intersection
BUILDING: 9,252 SF | LAND: +/- 0.47 ACRES | YEAR BUILT: 2008
Indian Trail Crossing sits in a densely populated area with 99,692 residents within 3 miles. Norcross makes its home in Gwinnett
County, Georgia’s second largest county by population and one of the fastest growing over the last thirty years. Gwinnett has
experienced a 50% increase in population since 2000 as the Atlanta metropolitan area has continued to stretch through the north
and northeast portions of the county.
The opportunity is to acquire a 100% leased, turn-key retail center benefitting from a key pin-corner intersection with over 66,000
vehicles per day. Indian Trail Crossing has had zero vacancy since the initial lease-up period. A new investor can realize additional
income by billing tenants their full prorata share of pass-throughs, which are currently not being collected. With a new loan, total
returns are projected to be above 14% in the first year. The property is being offered free and clear of debt.
See accompanying Confidentiality Statement.
INVESTMENT OVERVIEW
AERIAL MAP
AERIAL PHOTOGRAPH
SURVEY
PHOTOGRAPHS
RENT ROLL
Indian Trail Lilburn Road:
39,000 vehicles per day
FINANCIAL SUMMARY
LOCATION MAPS
DEMOGRAPHICS
Solo Gas Station
Singleton Road: 27,000
vehicles per day
Subject
INVESTMENT OVERVIEW
AERIAL MAP
AERIAL PHOTOGRAPH
Singleton Road: 27,000
vehicles per day
SURVEY
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
Indian Trail Lilburn Road:
39,000 vehicles per day
LOCATION MAPS
DEMOGRAPHICS
Subject
Please note: Lot lines are approximated; see
actual survey for more precise lot boundaries.
INVESTMENT OVERVIEW
AERIAL MAP
AERIAL PHOTOGRAPH
SURVEY
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LOCATION MAPS
DEMOGRAPHICS
INVESTMENT OVERVIEW
AERIAL MAP
AERIAL PHOTOGRAPH
SURVEY
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LOCATION MAPS
DEMOGRAPHICS
INVESTMENT OVERVIEW
AERIAL MAP
AERIAL PHOTOGRAPH
SURVEY
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LOCATION MAPS
DEMOGRAPHICS
INVESTMENT OVERVIEW
SUITE
TENANT
SQUARE
FOOTAGE
LEASE TERM
% OF
CENTER
ST A R T
EX PIR A T ION
ANNUAL
ANNUAL
ESTIMATED
BASE RENT RENT/SQ. FT. RECAPTURE
ESCALATIONS
OPTIONS
AERIAL MAP
AERIAL PHOTOGRAPH
A
Super Carniceria Jalisco
3,902
42.17%
Aug-08
Sep-18
$90,526
$23.20
$9,755
2.5% per year
1 x 5yr
SURVEY
D
A1 Gold Buyers
1,387
14.99%
Dec-09
Apr-19
$29,127
$21.00
$3,468
3% per year
1 x 3yr
PHOTOGRAPHS
E
Gerry's Cake Supplies
1,387
14.99%
Nov-08
Oct-17
$27,740
$20.00
$3,468
None
1 x 3yr
F
Tortas Gigantes
1,223
13.22%
Jan-10
Dec-17
$30,734
$25.13
$3,058
3% per year
1 x 5yr
G
Osvelia's Bridal
1,353
14.62%
Feb-09
Jan-18
$28,413
$21.00
$3,383
None
None
RENT ROLL
FINANCIAL SUMMARY
LOCATION MAPS
DEMOGRAPHICS
Landlord is currently collecting small flat amounts for recapture. All tenants, per leases, are required to pay their prorata
cost of common area maintenance, insurance, taxes, and management charges plus 10% administrative fees.
$206,540
9,252
Occupied 100%
9,252
100.00%
$206,540
$23,130
$22.32
$23,130
Fin an cial
INVESTMENT OVERVIEW
AERIAL MAP
AERIAL PHOTOGRAPH
Price:
Down Payment:
30.00%
Current CAP:
Market CAP:
Cost per Gross Square Foot:
Annual Rent per Square Foot:
Building
$2,395,000
$718,500
7.62%
8.63%
$258.86
$22.32
Year Built:
Building Square Feet:
Land Parcel (Acres):
2008
9,252
+/- 0.47
SURVEY
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LOCATION MAPS
DEMOGRAPHICS
Loan Information
Tenants
First Loan Amount:
$1,676,500
n Interest Rate:
4.75%
n Amortization:
20
n Term:
5
Monthly Payment:
$10,833.94
Loan information provided is for analysis purposes only. Buyer may obtain
new loan or none at all.
Return
Super Carniceria Jalisco
A1 Gold Buyers
Gerry's Cake Supplies
Tortas Gigantes
Osvelia's Bridal
E xpen s es
Current Rents
Proforma Rents *
Scheduled Gross Income
Plus Overage
Plus Recapture
Total Income
Less Vacancy
Gross Operating Income
Less Expenses
Net Operating Income
Loan Payments
Pre Tax Cash Flow
Plus Principal Reduction
$ 206,540
23,130
$ 229,670
6,890 3.0%
$ 222,780
40,330
$ 182,450
130,007
$ 52,443 7.3%
51,485
$ 206,540
40,552
$ 247,092
$ 247,092
40,330
$ 206,762
130,007
$ 76,755 10.7%
51,485
Taxes
Insurance
CAM
Reserves ($0.10 PSF)
Management
3.0%
$
19,008
2,035
11,472
925
6,890
Total Return Before Taxes
$ 103,928 14.5%
$ 128,240 17.8%
Total Expenses
$
40,330
* Proforma rents include full prorata CAM recapture as required in tenant leases.
n
n
n
n
n
INVESTMENT OVERVIEW
AERIAL MAP
AERIAL PHOTOGRAPH
SURVEY
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LOCATION MAPS
DEMOGRAPHICS
Subject
INVESTMENT OVERVIEW
AERIAL MAP
AERIAL PHOTOGRAPH
SURVEY
PHOTOGRAPHS
RENT ROLL
FINANCIAL SUMMARY
LOCATION MAPS
DEMOGRAPHICS
One Mile
Three Miles
Five Miles
Population
2016 Population
2010 Population
5 Year Projected
Growth Over the Past 6 Years
Projected Growth Over the Next 5 Years
18,632
17,283
19,963
7.81%
7.14%
99,692
92,035
107,747
8.32%
8.08%
245,409
229,383
262,236
6.99%
6.86%
Households
2016 Households
% Owner Occupied
% Renter Occupied
2010 Households
5 Year Projected
Growth Over the Past 6 Years
5,164
34.10%
53.30%
4,921
5,478
4.94%
6.08%
30,994
36.80%
51.10%
29,137
33,253
6.37%
7.29%
82,286
41.90%
47.80%
78,360
87,213
5.01%
5.99%
Income
2016 Average Household Income
5 Year Projected
$47,522
$51,466
8.30%
$55,151
$60,002
8.80%
$63,194
$68,855
8.96%
2015 Atlanta Median Household Income
2015 United Stated Median Household Income
Employment & Establishments
2016 Employees/Daytime Population
2016 Total Establishments
Race
White
Black
Hispanic Origin (Any Race)
American Indian/Eskimo
Asian/Pacific Islander
Two or More Races
Other Race
$83,450
$69,821
2,792
367
35,779
3,991
126,700
11,654
35.60%
25.70%
52.00%
1.00%
11.20%
4.50%
22.00%
34.40%
24.40%
46.50%
0.80%
13.20%
4.40%
22.70%
38.60%
24.70%
37.20%
0.70%
14.20%
4.00%
17.80%
Notes
Nearly 100,0300miles
residents within
19% populatio0n00
growth since 2
d
Average house,h0o0l 0
income of $55
n of
io
t
a
l
u
p
o
p
e
im
t
y
a
D
in 3
h
it
w
0
0
0
,
5
3
r
e
v
o
miles

Indian Trail Crossing

Transcription

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