parker center investment offering..."the originals," a spinoff of "the vampire...

5755 North Point Parkway, Suite 262

Alpharetta, GA 30022

770.481.1960

www.shanegroup.net

PARKER CENTER

1264 Parker Road, Conyers (Atlanta MSA), GA

5755 North Point Parkway, Suite 262

Alpharetta, GA 30022

770.481.1960

www.shanegroup.net

http://www.shanegroup.net

http://www.shanegroup.net

1264 Parker Road, Conyers (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net

PARKER CENTER


PARKER CENTER

See accompanying Confidentiality Statement.

INVESTMENT SUMMARY

NEIGHBORING AMENITIES

AERIAL MAPS

POINTS OF INTEREST

RENT ROLL

FINANCIAL SUMMARY

DEMOGRAPHICS

Parker Center is a 100% occupied, 13,700-square-foot retail center located on ±1.13 acres in Conyers (Atlanta MSA), GA. This is an

excellent opportunity for an investor to acquire a fully stabilized shopping center with net operating income of $114,500. This well-

established center is occupied with service-oriented tenants serving the immediate area which has limited retail opportunities for

new tenants wishing to enter the market. An owner/investor will benefit from the consistent cash flow without having to incur cost

to stabilize the property. Parker Center is located directly adjacent to the Rockdale County's Tennis Center, Wheeler Park and the

Rockdale County Government Annex, all included within a scenic 45-acre park.

Conyers is the county seat of Rockdale County, Georgia, located twenty-four miles east of Downtown Atlanta, and is a part of the

Atlanta Metropolitan Area. The city benefits from its direct access to Interstate 20 (major east/west transportation corridor) and

rail system. This connectivity has led Conyers to becoming a transportation and distribution hub. Manufacturing comprises nearly

one-fifth of the city’s industry. The city is also home to the Georgia International Horse Park, a world-class facility utilized as the

equestrian and mountain bike venues for the 1996 Centennial Olympic Games. Today, this 1400-acre horse park is a multi-purpose

facility featuring horse and car shows, fairs, festivals, concerts, picnics, and banquets year-round.

BUILDING: 13,700 SF | LAND: 1.13 ACRES | YEAR BUILT: 2000

8.06% CAP on Existing Income 100% Occupied Stabilized Center Strong Service-Oriented Tenants Excellent Access & Visibility to Roadway Adjacent to 45-Acre Rockdale County Park & Tennis Center Limited Retail Opportunity in Area for New Tenants


PARKER CENTER


INVESTMENT SUMMARY


AERIAL MAPS

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FINANCIAL SUMMARY

DEMOGRAPHICS

Tennis Center

Rockdale County's Tennis Center is nestled on a scenic 45-acre

park. The Tennis Center includes 12 lighted tennis courts, a pro

shop and restrooms. Courts are open to the public except during

tournaments. Wheeler Park, adjacent to the Tennis Center,

includes two lighted tennis courts, a covered pavilion with picnic

tables, a grill and restrooms, and a playground. The Rockdale

County Government Annex, which is adjacent to the Tennis

Center and Wheeler Park, offers large meeting room space, a

large parking lot area for outdoor events, a multipurpose field

and a walking trail.


PARKER CENTER


INVESTMENT SUMMARY


AERIAL MAPS

POINTS OF INTEREST

RENT ROLL

FINANCIAL SUMMARY

DEMOGRAPHICS

Rockdale County Tennis

Center and Government

Annex

Parker Center

Lot Lines are Approximate


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INVESTMENT SUMMARY


AERIAL MAPS

POINTS OF INTEREST

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FINANCIAL SUMMARY

DEMOGRAPHICS

Parker Center


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INVESTMENT SUMMARY


AERIAL MAPS

POINTS OF INTEREST

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FINANCIAL SUMMARY

DEMOGRAPHICS

Annual Cherry Blossom Festival

The Conyers Cherry Blossom Festival has received

many awards over the years for Best Event in the

Southeast by the Southeast Festival and Events

Association. It has also been selected over the years as

a Top 20 Event in the Southeast by the Southeast

Tourism Society. Conyers was home to CW network’s

"The Originals," a spinoff of "The Vampire Diaries," and

served as the setting of the New Orleans French Quar-

ter for filming of this popular series. "The Originals"

wrapped its fifth and final season in 2017, but visitors

from across the globe still visit Olde Town Conyers for a

glimpse of the Jardin Gris Voodoo Shop, Gillespie's Pub,

the Witches Cauldron and other popular on-location

film sites.


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INVESTMENT SUMMARY


AERIAL MAPS

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FINANCIAL SUMMARY

DEMOGRAPHICS

Georgia International Horse Park

The Georgia International Horse Park was utilized for all

equestrian events during the 1996 Summer Olympics. The

development provides recreational opportunities for residents

today which now includes museums, a restaurant, gift shop,

indoor show arena, dressage arena, show-jumping arena,

stables and practice areas, steeplechase track, a three-quarter

mile track, a golf course and a campground.


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INVESTMENT SUMMARY


AERIAL MAPS

POINTS OF INTEREST

RENT ROLL

FINANCIAL SUMMARY

DEMOGRAPHICS

START EXPIRATION

Copy Central 2,400 17.52% Jul-19 Aug-21 $28,140 $11.73 5%/yr

(Tenancy since 2007)

Padgett Business Service 2,400 17.52% Jul-19 Aug-21 $32,076 $13.37 5%/yr


Conyers Flower Shop 1,300 9.49% Jul-19 Aug-21 $18,900 $14.54 5%/yr


Dance Studio 1,300 9.49% May-19 May-20 $10,800 $8.31


Homecare Services 1,300 9.49% Jul-19 Aug-20 $10,200 $7.85


Britan Chic Dress Shop 1,300 9.49% Jul-19 Aug-20 $10,800 $8.31


Hair Salon 1,300 9.49% Jul-19 Aug-20 $15,600 $12.00 $600


` Restaurant 1,200 8.76% Feb-19 Mar-22 $15,600 $13.00 $1,200


Chocoholic Shop 1,200 8.76% Oct-18 Sep-21 $16,800 $14.00

13,700 $1,800

100% 13,700 100.00% $158,916 $11.60 $1,800

$158,916

OPTIONS

1 x 2

1 x 2C & D

ANNUAL RENT/SQ. FT.

RENT INCREASES

WATER CHARGE

A & B

SQUARE FOOTAGE

ANNUAL BASE RENT% OF CENTER

LEASE TERM

SUITE

I 1 x 2

1 x 3

1 x 1F

G

H

J

1 x 2

TENANT

E

1 x 1

1 x 3K


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INVESTMENT SUMMARY


AERIAL MAPS

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FINANCIAL SUMMARY

DEMOGRAPHICS

B u i l d i n g

Price: 2000

Down Payment: 35.00% Building Square Feet: 13,700

8.06% Land Parcel (Acres): 1.13

$104.01

$11.60

First Loan Amount: ◼

◼ Interest Rate: 5.00% ◼

◼ Amortization: 20 ◼

◼ Term: 5 ◼

Monthly Payment: ◼

Current Rents

158,916$ 16,431$

- 6,302

1,800 3,375

160,716$ 4,800

160,716$ 4,080

45,916 4,000

114,800$ 2,928

73,354 4,000

41,446$ 8.3%

27,670

69,116$ 13.9% 45,916$

*Note: Loan Information is proposed for analyses

purposes only. Buyer may obtain new loan or complete

an all cash acquisition.

Maintenance/Repairs

Taxes (Rockdale County)

Less Expenses

Insurance

R e t u r n

Net Operating Income

E x p e n s e s

Scheduled Gross Income

Plus Overage

Landscaping/Sweeping

Trash/Dumpster

Pre Tax Cash Flow

Gross Operating Income

Total Income

Plus Recapture

Total Return Before Taxes Total Expenses

Plus Principal Reduction

$1,425,000

Hair Salon

Cost per Gross Square Foot:

Copy Center

Florist

Business Services

Annual Rent per Square Foot:

$6,112.84

Taxes (City of Conyers)

Electric

Water

Loan Payments

$498,750

Year Built:

Current CAP:

F i n a n c i a l

$926,250

L o a n I n f o r m a t i o n T e n a n t s

Dance Studio


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INVESTMENT SUMMARY


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DEMOGRAPHICS

One Mile Three Miles Five Miles Notes

2019 Population 2,612 35,600 77,725 2010 Population 2,505 33,692 70,916

5 Year Projected 2,724 37,243 81,888 Growth Over the Past 5 Years 4.27% 5.66% 9.60%

Projected Growth Over the Next 5 Years 4.29% 4.62% 5.36%

2019 Households 1,263 14,214 30,421 % Owner Occupied 30.3% 55.1% 60.6%

% Renter Occupied 47.3% 34.5% 30.6%2010 Households 1,252 13,681 28,188

5 Year Projected 1,315 14,945 32,070 Growth Over the Past 5 Years 0.88% 3.90% 7.92%

Projected Growth Over the Next 5 Years 4.12% 5.14% 5.42%

2019 Average Household Income $45,520 $74,948 $79,356

5 Year Projected $53,290 $85,065 $90,190 Projected Growth Over the Next 5 Years 17.07% 13.50% 13.65%

Employment & Establishments

2019 Employees/Daytime Population 9,366 30,951 39,626 2019 Total Establishments 843 2,583 3,639

White 27.2% 24.9% 26.8%African American 55.4% 63.5% 62.6%

Hispanic Origin (Any Race) 22.2% 12.3% 11.8%Native American / Alaskan Native 1.0% 0.4% 0.3%

Asian/Pacific Islander 1.6% 1.8% 1.8%Two or More Races 2.3% 2.7% 2.8%Other Race 12.5% 6.5% 5.6%

Race

Population

Households

Income

parker center investment offering..."the originals," a spinoff of "the vampire...

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