Shopping Center in Norcross
5470 Buford Hwy,
Norcross, GA 30071
For Sale
$3,730,000
Price
Multiple
Tenancy
10,475
Building SF
1.1
Land Acres
$356
Price Per SF
BH
Zoning Type
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$3,730,000
Price
Multiple
Tenancy
10,475
Building SF
1.1
Land Acres
$356
Price Per SF
BH
Zoning Type
Alternative to a Gas Station
A simpler, lower-risk alternative to buying a gas station . Opportunity to have your own convenience store (no gas pumps) or to have a nice invetment property in the hear of Gwinnett County Georgia.
Prime location at the corner of Buford Hwy and Beaver Ruin corner. Investment and Owner operating business opportunity. We sell it with two vacant units to the buyer so you can operate your own businesss. Tenants include a convenience store, dress shop, car stereo shop, insurance office, cell phone store, personal service business, plus one billboard. Easy maintenance. Seller gave termination notice to the convenience store(Suite #2) so the new buyer can operate its own store. Of courase tenant wants to stay. All tenants have been in place for a long time. Tenants are paying approximately 30% below market rent.
The front stucco and stone façade were renovated in 2016. The roof was replaced in 2016. Multi-ethnic area. Four apartment complexes are nearby. Plentiful parking (approximately 62 spaces — about 9 spaces per tenant), three points of ingress and egress, newly renovated façade. There is a billboard in the property.
Space 1 – 2,275 SF: Vacant for owner occupancy. The seller intentionally left this space vacant to allow for an owner-user, which may enhance the property’s value. Space 2 – 1,890 SF: Convenience store with COAM. Seller has sent a termination notice to the tenant; however, the tenant wans to stay with renwal. Space 3 – 2,400 SF: Car stereo sales business. The business has operated at this location for over 20 years. The current tenant purchased the business in 2023. The lease is up for renewal before June 2026, and the tenant is willing to renew. Space 4 – 1,600 SF: Dress shop, in place since 2016. Space 5 – 800 SF: Cell phone store, in place since 2016. Billboard: Renewal pending at a higher rental rate. The billboard currently pays $150 per month; Clear Channel offers $350 a month which is extremly lower than industry standard. Seller is consideering to install his own sign to get $1500 a month.
Corner lot. Zoned for BH with city of Norcross. Cross Easement for parking and drive way with next door building. In front of new development.
FOR MORE DETAILS CONTACT
Peter Shin
(404) 642-0461
retailcenter@gmail.com
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