Download - Snapfinger Plaza Investment Offering
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
Facing Snapfinger Road
2714 Wesley Chapel Road, Decatur, GA
5755 North Point Parkway, Suite 262
Alpharetta, GA 30022
770.481.1960
www.shanegroup.net
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Snapfinger Plaza is a six-tenant, 26,600 GLA shopping center nestled at the intersection of Wesley Chapel Road and Snapfinger
Road in south Dekalb County, a suburb of Atlanta, Georgia. This highly-visible corner sees a traffic count of over 74,000 vehicles per day. The tenant mix is ideal for the area, with internet-proof service tenants. The center is anchored by a United States Post
Office branch that has been at this location for 20 years and occupies 60% of the center or 16,000 square feet. Approximately two
years ago, the Post Office showed its commitment to the center by making $1.3 million in improvements to its premises. In
addition, the Post Office executed an early five-year lease extension that was not due to occur until February 2020.
100% Leased—Low Rents
Anchored by US Post Office with a 20-Year History, Recent 5-Year Extension, & $1.33MM in Recent Improvements
US Post Office: Extensive Fenced Lot for Trucks and Employees
US Post Office: New Roof in 2017
High-Traffic Counts: 74,000 VPD at Intersection
Major Access to Interstate 20
Valuable Service Tenants: Well Matched to the Area & Internet-Proof
This shopping center is located approximately 10 miles east of downtown Atlanta in an area boasting a population of over 200,000
within a five-mile radius of the center. The entrance to Interstate 20 is less than 1/4 mile from the center and is the main access to
points east and west. In addition, in less than a half-mile, Interstate 20 intersects with Interstate 285, the Atlanta beltway, which
has direct access to Hartsfield-Jackson International Airport approximately 15 miles south of the shopping center. Snapfinger
Plaza is located along one of two major retail corridors in South Dekalb County as evidenced by a traffic count of over 52,000 VPD
in front of the center and a combined 74,000 VPD at the intersection.
BUILDING: 26,600 SF | LAND: 3.08 ACRES | YEAR BUILT: 1968
Facing Wesley Chapel Road
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Subject
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Only a 25-Minute Drive to Downtown Atlanta and Hartsfield-Jackson Atlanta International Airport
Subject
15.3 Miles from Subject
12 Miles from Subject
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Please note: Lot Lines are Approximate
Subject
Intersection of Wesley Chapel & Snapfinger Road:
74,000 Vehicles per Day
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Please note: Lot Lines are Approximate
Intersection of Wesley
Chapel and Snapfinger Road:
74,000 Vehicles per Day
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
New Roof—2017
Extensive Gated Lot
for US Post Office
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
US Post Office has designated entrance and separate parking area.
Snapfinger Road—22,000 VPD
Please note: Lot Lines are Approximate
Wesley Chapel Road—51,900 VPD
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
2712—Coin Laundry
(Tenant since 2013)
2714— Winner’s Hair Braiding
(Tenant since 2009)
2716—Tax Services
(Tenant since 2011)
2722—Fish Supreme
(Tenant since 1999)
2524—USPS Post Office
(Tenant since 1999)
2728—Community Christian
Church
(Tenant since 2011)
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
START EXPIRATION
Coin Laundry 2,000 7.52% 2013 Jul-26 $24,000 $12.00
Tenancy since 2013
Winners Hair Braiding 1,000 3.76% 2009 Mar-20 $12,600 $12.60 $1,200
Tenancy since 2009
Tax Services 1,500 5.64% 2011 Dec-20 $19,500 $13.00 $3,120
Tenancy since 2011
Fish Supreme 2,100 7.89% 1999 Sep-22 $31,850 $15.17 $3,120
Tenancy since 1999
US Post Office 16,000 60.15% 1999 Feb-25 $151,200 $9.45 $15,549
Tenancy since 1999
Community Church 4,000 15.04% 2011 Apr-20 $36,000 $9.00 $246
Tenancy since 2011
Precision Tune Parking N/A 2012 MTM $3,300 **
Tenancy since 2012
26,600 $23,235
Occupied 100% 26,600 100.00% $278,450 $10.47 $23,235
Vacant %
Notes: Post Office rent includes increase effective February 2020.
Precision Tune rents four parking spaces,
$278,450
2714
2716
ANNUAL RENT/SQ. FT.
ESTIMATED RECAPTURE
2712
SQUARE FOOTAGE
ANNUAL BASE RENT
% OF CENTER
LEASE TERM
SUITE TENANT
2722
2724
2728
Tenancy sine 2013
Tenancy sine 2009
Tenancy sine 2011
Tenancy sine 1999
Tenancy sine 1999
Tenancy sine 2011
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
B u i l d i n g
Price: 1968
Down Payment: 30.00% Building Square Feet: 26,600
9.24% Land Parcel (Acres): 3.08 Acres
$95.86
$10.47
First Loan Amount: n
n Interest Rate: 4.50% n
n Amortization: 25 n
n Term: 5 n
Monthly Payment: n
n
Current Rents
$278,450 24,296$
- 8,704
23,235 2,300
$301,685 4,149
6,363 3.2% 9,000
$295,322 8,760
$59,709 2,500
$235,616 -
119,059
116,557$ 15.2%
39,543
59,709$
$2.24
156,100$ 20.4%
Note 1 -Utilities - Outside Electric and Water
Insurance
Utilities
Landscaping/Sweeping
Management
USPS Post Office
$765,000
Year Built:
Current CAP:
F i n a n c i a l
$2,550,000
Cost per Gross Square Foot:
Coin Laundry
Winners Hair Braiding
Tax Services
Annual Rent per Square Foot:
$1,785,000
L o a n I n f o r m a t i o n
Community Christian Church
T e n a n t s
Fish Surpreme
$9,921.61
Total Return Before Taxes
Less Vacancy (5% of shop space)
Total Expenses
Miscellaneous/ReservesLess Expenses
Pre Tax Cash Flow
Gross Operating Income
Plus Principal Reduction
Loan Payments
Net Operating Income
E x p e n s e s
Scheduled Gross Income
Plus Overage
Taxes
Maintenance
Total Income
Plus Recapture
R e t u r n
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Termination Date
Term
Increases
Security Deposit
Year Annual Base Rent
4/1/16 $24,000
4/1/17 $24,0004/1/18 $24,0004/1/19 $24,0004/1/20 $24,0004/1/21 $24,720
4/12022 $24,7004/1/23 $24,7204/1/24 $24,7204/1/25 $24,720
About the Tenant
$2,060.00
$2,060.00
$2,060.00$2,060.00$2,060.00
Landlord Expenses Tenant responsible for HVAC repairs and for maintaing HVAC service contract.
CAM Tenant not billed for CAM.Utilities Tenant responsible for all utilities to include seperately metered water.
Coin-operated laundry. Lease guaranteed by tenant and equipment provider for as long as current tenantis in lease or until equipment is paid for .
Options 2 x 5 yrs with 3% increases for each option termTaxes
Insurance
$2,000.00
$2,000.00
Rent Schedule Monthly Base Rent
$2,000.00
$2,000.00$2,000.00$2,000.00
10 Years
Tenant Coin Laundry
Building Suite 2712 2,000 SF
Commencement Date April 1, 2016
July 31, 2026
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Termination Date
Term
Increases
Security Deposit
Year Annual Base Rent
4/1/17 $11,400
4/1/18 $12,0004-/1/2019 $12,600
About the Tenant
3 Years
Tenant Winner Hair Braiding
Building Suite 2714 1,000 SF
Commencement Date April 1, 2017
March 31, 2020
$1,050.00
Rent Schedule Monthly Base Rent
$950.00
$1,000.00$1,050.00
Options
TaxesInsurance
CAM $100.00/month. Tenant responsible for HVAC repairs.Utilities Tenant pays all utilities to include water.
Women's hair braiding. Shop has been in place since 2009.
Landlord Expenses
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Termination Date
Term
Increases
Security Deposit
Year Annual Base Rent
1/1/15 $16,800
1/1/16 $17,304
1/1/17 $17,8231/1/18 $18,358
1/1/19 $18,9091/1/20 $19,500
About the Tenant
$1,625.00
Tenant provides tax services, Fedex, money transfers, check-cashing services, and title loans. Tenant has co-tenancy with post office with 60 days advance notice. Tenant has provided a personal guaranty for thelease. Tenant may cancel lease if less than 200 tax returns are prepared in a fiscal year with following
payment penalities: Year 1 : $12,000; Years 2-3: $6,000; Years 4-5: $3,000.
Landlord Expenses
Insurance
CAM $260 MonthlyUtilities Tenant responsible for all utilities direct plus $60 monthly to Landlord for water.
Options
Taxes
$1,575.71
$1,575.71
Rent Schedule Monthly Base Rent
$1,400.00
$1,442.00
$1,485.26$1,592.82
12 Months
Tenant Tax Services
Building Suite 2716 1,500 SF
Commencement Date January 1, 2015
December 31, 2020
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Termination Date
Term
Increases
Security Deposit
Year Annual Base Rent
10/1/17 - 9/30/18 $31,857
10/1/18 - 9/30/19 $31,85710/1/19 -9/30/20 $31,85710/1/20-9/30/21 $32,49410/1/21-9/30/22 $33,144
About the Tenant
60 Months
Tenant Fish Supreme
Building Suite 2722 2,100 SF
Commencement Date October 1, 2017
September 30, 2022
$2,762.00
$2,762.00
Rent Schedule Monthly Base Rent
$2,654.17
$2,654.17$2,654.17$2,707.85
Options 2 x 5 years at current market rents
TaxesInsurance
CAM $200/month CAM plus $60/month for waterUtilities
Fish Supreme is a long-time restaurant in metro Atlanta and has been at this location since 1999. Currentowner/operator purchased this location in 2017 and signed a new lease at that time.
Landlord Expenses
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Termination Date
Term
Increases
Security Deposit
Year Annual Base Rent
3-1-15 - 2/29/20 $143,200
About the Tenant
5 Years
Tenant United State Postal Service
Building Suite 2724 16,000 SF
Commencement Date March 1, 2015
February 29, 2020
None
None
Rent Schedule Monthly Base Rent
$11,933.33
Options 2 x 5 Years
Taxes Reimburses 60.44% of real estate taxesInsurance
CAMUtilities
US Postal Service has been at this location since 1999. Approximately two years ago it invested about$1.3MM in improvements to the premises to include new HVAC and lighting. It has two remaining options of5 years each. The first option commencing 3/1/2020 has been executed and the rent at that time will be$151,200 per year. Rent for the second option will be $159,200 per year effective 3/1/2025. Landlordinstalled new roof on premises for Post Office at the time of tenant improvements.
Landlord Expenses Roof structure and termites.
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Termination Date
Term
Increases
Security Deposit
Year Annual Base Rent
5-1-2016-4-30-2018 $36,000
5/1/18-4/30/19 $36,000 $3,000.00
5/1/19-4/30/20 $36,000 $3,000
5/1/20-4/30/21 $36,000 $3,000
About the Tenant
2 Years
Tenant Community Christian Church
Building Suite 2728 4,000 SF
Commencement Date May 1, 2016
April 30, 2018
$3,000.00
Rent Schedule Monthly Base Rent
$3,000.00
Options 3 automatic one-year options. Must give 90-day notice of intent not to renew.
TaxesInsurance
CAM Tenant does not pay CAM.Utilities
A church has been at this location since 2011. Current minister has been at this location since 2016.
Landlord Expenses
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
Termination Date
Term
Increases
Security Deposit
Year Annual Base Rent
M-T-M $3,300
About the Tenant Franchised Precision Tune auto repair. This facility is not a part of the offering. Monthly rent is for the use
of 4 parking spaces to be used as parking overflow.
Landlord Expenses None
Insurance
CAM None
Utilities
Options
Taxes None
None
Rent Schedule Monthly Base Rent
$275.00
M-T-M
Tenant Precision Tune
Building
Commencement Date August 1, 2012
2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net
SNAPFINGER PLAZA
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
LOCATION MAPS
RETAIL MAP
AERIAL MAP
PHOTOGRAPHS
SITE PLAN
RENT ROLL
FINANCIAL SUMMARY
LEASE ABSTRACTS
DEMOGRAPHICS
One Mile Three Miles Five Miles Notes
2019 Population 8,478 73,385 200,9362010 Population 8,363 70,328 200,4695 Year Projected 8,602 75,617 217,427Growth Over the Past 5 Years 1.38% 4.35% 0.23%Projected Growth Over the Next 5 Years 1.46% 3.04% 8.21%
2019 Households 3,085 26,915 76,401% Owner Occupied 52.40% 54.90% 53.70%% Renter Occupied 38.20% 33.60% 34.00%2010 Households 3,061 25,937 73,2745 Year Projected 3,121 27,632 78,868Growth over past 10 years 0.78% 3.77% 4.27%Projected Annual Growth Over the Next 5 Years 0.23% 0.53% 0.64%
2019 Average Household Income $53,745 $56,395 $54,095
5 Year Projected $58,158 $61,610 $59,475
Projected Growth Over the Next 5 Years 8.21% 9.25% 9.95%
Employment & Establishments
2019 Employees/Daytime Population 2,138 19,368 41,9572010 Total Establishments 271 2,276 4,725
White 2.40% 2.80% 4.90%African American 94.40% 93.70% 91.20%Hispanic Origin (Any Race) 1.40% 1.80% 2.10%Native American / Alaskan Native 0.00%Two or More Races 1.60% 1.90% 2.00%
Race
Population
Households
Income