alpharetta, ga 30022 770.481.1960 · 2017. 7. 20. · 5755 north point parkway, suite 262...
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5755 North Point Parkway, Suite 262
Alpharetta, GA 30022
770.481.1960
www.shanegroup.net
MAGNOLIA PLAZA
5245 Buford Hwy, Norcross (Atlanta MSA), GA
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
Magnolia Plaza sits in the densely populated area of Norcross, GA, with 75,000 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 areas of the county.
Norcross is home to a diverse business environment, including light manufacturing, retail, office, and research and technology
companies. Norcross appeals to all types of companies due to its central location to the metro Atlanta highways and almost every
other amenity imaginable. The city has developed incentives to attract new businesses with the redevelopment of downtown and
uptown districts. Norcross also boasts a skilled and diverse workforce to supply businesses with employees.
BUILDING: 9,243 SF | LAND: +/- 1.00 ACRES | YEAR BUILT: 2007
Magnolia Plaza is a four tenant shopping center and is 85% leased. Tenants include two medical uses, and one local tenant. The GLA
is 9,243 square feet and the building was constructed in 2007. All leases have terms of at least 5 years, except a Master Lease from
the Seller, which expires in late 2018. The location is in Norcross just northeast of the historic downtown Norcross area and is on a
busy thoroughfare with over 40,000 car count.
This area has seen population growth of over 10% within 1 mile and, more importantly, projected average household income
growth of almost 8% over the next 5 years, now at over $73,000 per year (5% above the US average). The center further benefits
by a very high daytime population of over 73,000 within 3 miles.
85% Leased; 3 Tenants signed 5 Year Renewal
Average 1 & 3 mile household income over $73,000
Excellent Physical Condition—2007 Construction
Sees over 40,000 Cars Per Day
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
Please note: Map Depicts 5 Minute Drive Time
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
Please note: Map Depicts 5 Minute Drive Time
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
Please note: Lot Lines are Approximate
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
Please note: Lot Lines are Approximate
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
RETAIL RESIDENTIAL INDUSTRIAL OFFICE SELF STORAGE
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
S T A R T EXP IR A T IO N
S Y M e d 3,000 32.46% J un-11 M a y -21 $48,000 $16.00 $12,552 N O N E
R os e M a s s a g e 2,100 22.72% M a y -16 M a y -21 $28,200 $13.43 N O N E
In-Q ue s t M e dica l R e s e a rch 2,800 30.29% M a r-16 M a r-21 $60,000 $21.43 $10,593 N O N E
M a s te r L e a s e (VAC AN T) 1,343 14.53% S e p -18 $23,126 $17.22 $4,482 N O N E
7,900 $27,627
O ccupie d 85% 9,243 85.47% $159,326 $17.24 $27,627
V a ca nt % 0 0.00% $0 #D IV /0!
M a s te r L e a s e - S e lle r to p a y a ll re nt a nd N N N f e e s in ca s h up on C los ing
S e e Te na nt O v e rv ie w on P a g e 15
$159,326
107 N O N E
105/106 1 x 3 Y e a rs
O P T IO N S
101 N O N E
103/104 1 x 3 Y e a rs
T EN A N T
S Q U A R E
FO O T A G E
% O F
CEN T ER
L EA S E T ER MA N N U A L
B A S E R EN T
A N N U A L
R EN T /S Q . FT .
ES T IM A T ED
R ECA P T U R E ES CA L A T IO N SS U IT E
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
B u i l d i n g
P ric e: Y ear B u ilt: 2 0 0 7
D o w n P aym en t : B u ild in g Sq u are F eet: 9 ,2 4 3
C u rren t C A P : Lan d Parc el ( A c res) : 1 .0 0
T e n a n t s
F irst Lo an A m o u n t: SY M E D
In terest R ate: In q u est M ed ial R esearc h
A m o rtiz atio n :
T erm :
M o n th ly Paym en t:
* Lo an in fo rm atio n is p ro p o sed fo r an alysis p u rp o ses o n ly. B u yer m ay
o b tain a n ew lo an o r c o m p lete an all c ash ac q u isitio n .
E x p e n s e s
Sc h ed u led G ro ss In c o m e $ 1 5 9 ,3 2 6 $ 1 2 ,4 8 5
Plu s O verage - 2 ,0 3 5
Plu s R ec ap tu re 2 7 ,6 2 7 8 ,2 8 0
T o t al In c o m e $ 1 8 6 ,9 5 3
V ac an c y R eserve 9 ,3 4 8 5 .0 % * 3 .0 % 4 ,7 7 9
G ro ss O p erat in g In c o m e $ 1 7 7 ,6 0 6 1 ,5 0 0
Less E xp en ses 3 4 ,2 6 5 3 ,8 0 0
N et O p erat in g In c o m e $ 1 4 3 ,3 4 0 1 ,3 8 6
Lo an Paym en ts 8 9 ,3 4 8
P re T ax C ash F lo w $ 5 3 ,9 9 3 1 0 .1 %
Plu s Prin c ip al R ed u c tio n 2 4 ,7 0 5
T o t al R et u rn B efo re T axes $ 7 8 ,6 9 8 1 4 .8 % T o t al E xp en ses $ 3 4 ,2 6 5
$ PSF $ 3 .7 1
M ain ten an c e
U tilities
M an agem en t
Lan d sc ap in g/Sw eep in g
R u b b ish
R eserves ( $ 0 .1 5 /SF )
C u rren t R en t s
T axes
In su ran c e
5 F ixed M aster Lease
$ 7 ,4 4 5 .6 5
R e t u r n
L o a n I n f o r m a t i o n
$ 1 ,2 4 2 ,5 0 0
5 .2 5 %
2 5 R o se M assage
8 .0 8 %
C o st p er G ro ss Sq u are F o o t: $ 1 9 2 .0 4
A n n u al R en t p er Sq u are F o o t: $ 1 7 .2 4
F i n a n c i a l
$ 1 ,7 7 5 ,0 0 0
3 0 .0 0 % $ 5 3 2 ,5 0 0
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
SY MED was founded by Dr. Syamala Erramilli, M.D., who has practiced Internal Medicine in metro Atlanta for 17 years. Dr.
Erramilli is a board certified Internist and board certified Palliative and Hospice care specialist in Georgia. Dr. Erramilli sees
patients at her two offices, one in Tucker and one in Norcross. SY MED is open on Saturday and has extended hours on
Wednesday. Dr. Erramilli recently added a highly effective Weight Management Program to her portfolio. She has
personally guaranteed this lease.
In-Quest Medical Research is a dedicated multi-specialty research site proficient in conducting phase II – IV clinical drug
and device trials. Their research team has worked for and on behalf of (sponsors/CRO's): Abbott, AstraZeneca, Bristol-
Myers Squibb, Cephalon, Covance, Elan, Furiex, Gilead, GlaxoSmithKline, Hoffman-LaRoche, ICON, Kendle, Merck,
Novartis, Parexel, PPD, Pfizer, Quintiles, Wyeth. Founded by medical physicians and healthcare professionals, In-Quest
Medical Research, LLC has been providing patient care to their many study volunteers since 2008. Each physician
is certified by the American Board of Internal Medicine and comes to their practice in their area of specialty, these include:
Cardiovascular, Dentistry, Dermatology, Endocrine, Family Practice, Gastroenterology, Genitourinary, Hematology,
Infectious Disease, Neurology, Pulmonary, Rheumatology, Sleep Studies, and Women’s Health.
Rose Massage has four locations in the metro Atlanta area in Dunwoody, John’s Creek, Norcross and Roswell. They offer
various types of massage including: Swedish, deep tissue, vichy spa, hot stone, foot massages, and MPS Therapy for pain
management.
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
5245 Buford Hwy, Norcross (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net
MAGNOLIA PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
AERIAL MAPS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
TENANT OVERVIEW
LOCATION MAPS
DEMOGRAPHICS
One Mile Three Miles Five Miles Notes
2016 Population 9,604 75,611 247,475 2010 Population 8,724 70,087 231,938 5 Year Projected 10,492 81,374 263,905 Growth Over the Past 5 Years 10.09% 7.88% 6.70%Projected Growth Over the Next 5 Years 9.25% 7.62% 6.64%
2016 Households 3,101 25,765 85,395 % Owner Occupied 58.72% 47.76% 43.46%% Renter Occupied 41.28% 52.24% 56.54%2010 Households 2,857 24,174 81,429 5 Year Projected 3,359 27,573 90,398 Growth Over the Past 5 Years 8.54% 6.58% 4.87%Projected Growth Over the Next 5 Years 8.32% 7.02% 5.86%
2016 Average Household Income $73,344 $74,276 $72,353 5 Year Projected $79,082 $79,691 $78,178 Projected Growth Over the Next 5 Years 7.82% 7.29% 8.05%
2015 United Stated Median Household Income $69,821
Employment & Establishments
2016 Employees/Daytime Population 6,830 73,442 158,246 2016 Total Establishments 694 5,717 13,420
White 38.3% 38.7% 41.6%Black 19.0% 22.6% 22.8%Hispanic Origin (Any Race) 40.0% 35.9% 36.1%American Indian/Eskimo 0.6% 0.8% 0.7%Asian/Pacific Islander 16.8% 15.4% 13.8%Two or More Races 4.6% 4.3% 4.0%Other Race 20.7% 18.3% 17.0%
Race
Population
Households
Income
Over 75,000
people within 3 miles
Average household
income over $74,0000
Daytime population
over 73,000
within 3 miles