L AND FOR SALE Pad Ready Site Near Mall of GA (Approximately 3.75 Acre Signalized Corner) Buford Drive & Azalea Drive Lawrenceville, GA 30043 Mall of Georgia Site For more information, contact: Leigh Furrh 404.876.1640 X 113 Leigh@BullRealty.com Bull Realty, Inc. 1801 Piedmont Avenue Atlanta, GA 30324 Pad ready, C-2 zoned with all utilities available including detention Located on busy Gwinnett County corridor at the corner of GA Highway 20 and Azalea Drive with 21K-28K vehicles per day Excellent exposure and signage available Site is 2 1/2 miles from I-85, within the Mall of Georgia Overlay District and close to the Gwinnett Braves Stadium Newly signalized intersection with access to Highway 20 via two curb cuts on Azalea Drive Three mile trade area demographics include population of over 53,000, average household income of $113,500+ and over 16,800 households Retail gap analysis indicates several underserved retail trades including: gas stations, grocery stores, building & gardens supplies, and food services Seller will consider sub-dividing the 3.75 acre parcel Offered for sale @ $1,687,500 ($450,000 per acre) www.bullrealty.com Page of 10
Aerial Images Mall of Georgia Page 2 of 10
Survey Page 3 of 10
Location Maps & Area Info The 3.75 acre subject property is located approximately 2.5 miles from Interstate 85 in Lawrenceville, the county seat of Gwinnett County, GA and within one mile of the new Gwinnett Braves Stadium, the Minor League farm team of the Atlanta Braves. This area has experienced significant growth in the last 15 years and continues to be a desirable and thriving area. Gwinnett County is well known for its schools and also has a rich multi-cultural population. Major retailers are present at surrounding malls including Gwinnett Place, Mall of Georgia and Discover Mills. The retail industry is a main economic driver in the area as well the retail auto and electronics industry. Banking and healthcare are also significant economic drivers in the area. Source: Gwinnett County Dept of Planning and Development Page 4 of 10
1, 3 & 5 Mile Traffic Counts Page 5 of 10
Retail Gap Analysis The chart below indicates the industry groups within a 3 mile radius of the subject property that have surplus supply or are underserved ( leakage ). Industry groups with the yellow bar to the right of the center 0 line show leakage. The largest volume of underserved industries in terms of average retail sales expenditures are the following industries: gas stations, grocery stores, building materials and garden supplies, and food services & drinking places. Contact us for more specifics on the projected under served estimates. Page 6 of 10
Demographics Source: STDB Page 7 of 10
Demographics Source: STDB Page 8 of 10
Property Comparables Sold Development Sites -Metro Atlanta Location Purchaser Price # Acres Price/Acre Date Sold 927 Gainesville Hwy, Buford Quiktrip $1,125,000 2.28 $493,421 2/26/2010 Chapel Hill Rd, Douglasville Aldi's Supermarket $1,425,000 2 $712,500 10/1/2009 3571 Browns Bridge Rd, Cumming Racetrac $1,075,000 3.45 $311,594 3/26/2010 164 Temple Ave, Newnan Advance Auto Parts $665,000 1.39 $478,417 10/2/2009 Averages $1,072,500 2.28 $498,983 C2 Sold Land Comps - Future Development in Trade Area Location Utilities at Site? Price # Acres Price/Acre Date Sold Corner Site? 1952 Old Ptree Rd., Lawrenceville Y $510,000 1.97 $258,883 1/6/2010 N 2625 Mall of GA Blvd., Buford Y $1,000,000 2.68 $373,134 7/7/2009 N 1909 Duluth Hwy., Lawrenceville Y $1,450,000 2.21 $656,109 5/21/2009 Y Averages $986,667 2.29 $429,375 Sold Comp - Averages $1,029,583 2.28 $464,179 Subject Property Price: $1,687,000 Price per Acre: $450,000 Page 9 of 10
Broker Demographics Broker Profile Profile Leigh Furrh V.P. Land & Developer Services Bull Realty, Inc. 1801 Piedmont Avenue Atlanta, GA 30324 Phone: 404.876.1640 ext. 114 Email: Leigh@BullRealty.com Leigh Furrh has been in commercial real estate brokerage specializing in land sales around Atlanta and the southeast for 23 years. As a land specialist he has been a million dollar club member with the Atlanta Commercial Board of Realtors 15 times. He has been awarded the Phoenix award and has been recognized as a top ten land producer in 2004, 2005 and 2006. When the real estate market softened recently, Leigh searched the industry looking for a better marketing platform for sellers and lenders, and more sources to uncover acquisition opportunities for buyers. Leigh s assessment was: Lenders and other sellers in this cycle need powerful solutions. They are looking much closer as to how properties are marketed. Bull s success in this market got my attention. The marketing platform is extremely powerful. While Leigh s focus is land, when teaming with other brokers specializing in specific property types and services, Leigh is able to insure great service for all commercial real estate brokerage services. Originally from Jackson, Mississippi, Leigh received a BA in Real Estate from the University of Southern Mississippi. Leigh is a candidate for the Certified Commercial Investment Member (CCIM) designation. Prior to joining Bull Realty, Leigh was most recently a Partner with Pointe Property Group. In previous years, he owned LandSell Realty, and worked with Property Systems Land Corporation. Leigh has two sons and lives in Atlanta with his wife Annie. Bull Realty is a regional commercial real estate brokerage firm with three offices, headquartered in Atlanta, Georgia. The firm is best known for their successful national marketing platform. Specific broker teams specialize in either retail, office, industrial, multi-family, land, medical, automotive, net lease, hospitality or special asset services. Bull Realty provides marketing and special asset services for 74 lenders. Google consistently chooses BullRealty.com as the number one website for the most often used search phrase used by people looking for commercial real estate in Georgia, Commercial Real Estate Georgia. Bull Realty marketing services includes video, social media and radio for appropriate properties. The firm sponsors and hosts the Commercial Real Estate Show, a national talk radio show about commercial real estate which airs on radio stations and on-line at www.creshow.com. Page 10 of 10