Kurt D. Cooper Associate Broker Coldwell Banker Commercial Metro Brokers 3575 Piedmont Road, Suite 950 Atlanta, GA 30305 678.320.4800 Office 404.861.1300 Mobile 404.495.8960 Fax Coldwell Banker Commercial Metro Brokers and the Exclusive Listing Agent, Kurt Cooper, are pleased to present, on behalf Tanger Investment Properties, LLC, this opportunity to purchase 35.54 Acres for $888,500, an average of $25,000/acre. Property is zoned Planned Development, inside the City Limits of Locust Grove, Henry County, GA. Approved zoning and site plan features 2.39 acres zoned C-2 General Commercial, suitable for a gas and convenience store and 33.15 acres zoned RM-2 Multifamily Residential-Townhomes, approved for 212 townhomes with planned amenities to include clubhouse, multi-use field, basketball and volley ball courts, 2 tennis courts and swimming pool. 2015 Property Tax Assessment of $1,207,400 has been appealed. 2015 Property Tax Bill of $14,724.40. Locust Grove is located within 35 miles of Downtown Atlanta to the southeast at I-75 and Exit 212, Bill Gardner Parkway, and offers a growing selection of retail, dining, lodging, and business opportunities. The city boasts a wide array of housing options and unparalleled government services in the region. The population growth of over 133% is witness to the city s popularity and hometown properties. Schools serving the property and their distance from the Property, are Locust Grove Elementary 0.8 miles, Locust Grove Middle 4.6 miles and Locust Grove High School 4.3 Miles. The following pages include: General Location Map, with Driving Directions from Atlanta, GA Close Proximity Map Approved Development Plan Survey Zoning and Confirmation Tax Parcel Aerial Map Zoom Out Tax Parcel Aerial Map Zoom In Tax Parcel Map Zoom Out Tax Parcel Map Zoom In City Limit Aerial Map Zoom In Property Tax Assessment Estimated Tax - 2015 Locust Grove, GA Demographic Report For additional information, schedule a property visit, or to present an offer to purchase, please contact Kurt Cooper.
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TaxParcel Aerial Map Name: Site: Sale: Mail: Parcel: 129-01044000 Acres: 33.54 TANGER INVESTMENT PROP LLC $400,000 on 09-2013 Reason=QC Qual=U 605 CHESTNUT ST STE 1700 CHATTANOOGA, TN 37450 Land Value: $1,147,100.00 Building Value: $0.00 Misc Value: $0.00 Total Value: $1,147,100.00 Parcel lines depicted on the maps do not reflect a true and exact representation of property boundaries and should not be relied upon for said purpose. Property boundary lines are depicted on recorded plats available at the Henry County courthouse or can be determined by employing the services of a licensed surveyor. Date printed: 10/08/15 : 19:45:28
Tax Parcel Aerial Map - Zoom In Name: Site: Sale: Mail: Parcel: 129-01044000 Acres: 33.54 TANGER INVESTMENT PROP LLC $400,000 on 09-2013 Reason=QC Qual=U 605 CHESTNUT ST STE 1700 CHATTANOOGA, TN 37450 Land Value: $1,147,100.00 Building Value: $0.00 Misc Value: $0.00 Total Value: $1,147,100.00 Parcel lines depicted on the maps do not reflect a true and exact representation of property boundaries and should not be relied upon for said purpose. Property boundary lines are depicted on recorded plats available at the Henry County courthouse or can be determined by employing the services of a licensed surveyor. Date printed: 10/08/15 : 19:49:34
Tax Parcel Map Name: Site: Sale: Mail: Parcel: 129-01044000 Acres: 33.54 TANGER INVESTMENT PROP LLC $400,000 on 09-2013 Reason=QC Qual=U 605 CHESTNUT ST STE 1700 CHATTANOOGA, TN 37450 Land Value: $1,147,100.00 Building Value: $0.00 Misc Value: $0.00 Total Value: $1,147,100.00 Parcel lines depicted on the maps do not reflect a true and exact representation of property boundaries and should not be relied upon for said purpose. Property boundary lines are depicted on recorded plats available at the Henry County courthouse or can be determined by employing the services of a licensed surveyor. Date printed: 10/08/15 : 19:43:27
Tax Parcel Map - Zoom In Name: Site: Sale: Mail: Parcel: 129-01044000 Acres: 33.54 TANGER INVESTMENT PROP LLC $400,000 on 09-2013 Reason=QC Qual=U 605 CHESTNUT ST STE 1700 CHATTANOOGA, TN 37450 Land Value: $1,147,100.00 Building Value: $0.00 Misc Value: $0.00 Total Value: $1,147,100.00 Parcel lines depicted on the maps do not reflect a true and exact representation of property boundaries and should not be relied upon for said purpose. Property boundary lines are depicted on recorded plats available at the Henry County courthouse or can be determined by employing the services of a licensed surveyor. Date printed: 10/08/15 : 19:48:10
City Limits Map - Highlighted in Purple Name: Site: Sale: Mail: Parcel: 129-01044000 Acres: 33.54 TANGER INVESTMENT PROP LLC $400,000 on 09-2013 Reason=QC Qual=U 605 CHESTNUT ST STE 1700 CHATTANOOGA, TN 37450 Land Value: $1,147,100.00 Building Value: $0.00 Misc Value: $0.00 Total Value: $1,147,100.00 Parcel lines depicted on the maps do not reflect a true and exact representation of property boundaries and should not be relied upon for said purpose. Property boundary lines are depicted on recorded plats available at the Henry County courthouse or can be determined by employing the services of a licensed surveyor. Date printed: 10/08/15 : 19:51:32
Henry County Assessors Office 140 Henry Parkway McDonough, Georgia 30253 770-288-7999 Option2 If not delivered Return in five days to the above address FORWARDING AND ADDRESS CORRECTION REQUESTED TANGER INVESTMENT PROP LLC 605 CHESTNUT ST STE 1700 CHATTANOOGA TN 37450 Notice Date: 4/17/2015 This is not a tax bill Do not send payment Last Date to File Appeal: 6/1/2015 County property records are available online at: www.co.henry.ga.us Official Tax Matter - 2015 Assessment The amount of your ad valorem tax bill for the year shown above will be based on the appraised (100%) and assessed (40%) values specified in this notice. You have the right to appeal these values to the County Board of Tax Assessors. All documents and records used to determine the current value are available upon request. At the time of filing your appeal you must select one of the following: (1) Appeal to the County Board of Equalization with appeal to the Superior Court (value, uniformity, taxability, denial of exemption). (2) To arbitration without an appeal to the Superior Court (valuation is the only grounds that may be appealed to arbitration). (3) For a parcel of non-homestead property with a FMV in excess of $1 million, to a hearing officer with appeal to the Superior Court. If you wish to file an appeal, you must do so in writing no later than 45 days after the date of this notice. If you do not file an appeal by this date, your right to file an appeal will be lost. Appeal forms are available at www.qpublic.net/ga/henry/forms. For further information on the proper method of filing an appeal, you may contact the county Board of Tax Assessors which is located at 140 Henry Parkway, McDonough, Georgia 30253 and which may be contacted by telephone at: 770-288-7999 Option2. Your staff contacts are Chief Appraiser and Commercial Supervisor. Account Number Property ID Number Acreage Tax District Covenant Year Homestead Property Description Property Address 129-01044000 33.540 City/LocustGrove NO Fair Market Value Returned Value Previous Year Value Current Year Value 100% Fair Market Value 40% Assessed Value Removal of 1-Year Transaction Value LLOT-168 LDIST-2 Land Value Adjusted to Reflect Current Market $400,000 $160,000 REASONS FOR NOTICE $1,207,400 $482,960 Preferential Value The estimate of your ad valorem tax bill for the current year is based on the previous year s net millage rate and the fair market value contained in this notice. The actual tax bill you receive may be more or less than this estimate. This estimate may not include all eligible exemptions. Taxing Authority Other Exempt Homestead Exempt Net Taxable Value Prior Millage Estimated Tax State $0 $0 $482,960 0.050 $24.15 County/UnIncorp $0 $0 $482,960 12.098 $5,842.85 School Bond $0 $0 $482,960 3.628 $1,752.18 School M&O $0 $0 $482,960 20.000 $9,659.20 City/LocustGrove $0 $0 $482,960 0.000 $0.00 Water $0 $0 $482,960 2.000 $965.92 $0 $0 TOTAL ESTIMATED TAX: $18,244.30
Locust Grove, GA Population 1-mi. 3-mi. 5-mi. Total Population 3,333 11,275 24,269 Group Quarters Population 0 0 10 Urban Population 2,344 7,675 14,944 Rural Population 989 3,601 9,325 Not defined 0 0 0 Adult Population 2,346 7,949 17,254 Ratio of Males to Females 0.9 1.0 1.0 Female Population 1,725 5,786 12,450 Male Population 1,608 5,489 11,818 Land Area (Square Miles) 6.5 20.0 72.8 Age 1-mi. 3-mi. 5-mi. Median Age, Total 34.0 34.0 35.0 Median Age, Male 33.2 33.2 34.2 Median Age, Female 34.7 34.8 35.7 % Age 18+ 70.4 70.5 71.1 % Age 21+ 66.2 66.1 66.8 % Age 55+ 17.4 17.9 19.3 % Age 65+ 7.9 8.2 8.9
Ethnicity 1-mi. 3-mi. 5-mi. % White 65.9 67.7 67.6 % Black 25.3 23.9 24.3 % Asian 1.8 1.5 1.3 % Hispanic 4.7 4.6 4.7 % Other 2.4 2.3 2.1 5 Year Projections 1-mi. 3-mi. 5-mi. Total Population 3,889 13,014 28,503 Group Quarters Population 0 0 10 Adult Population 2,792 9,372 20,644 Total Households 1,231 4,231 9,437 Per Capita Income (based on Total Population) 28,824 28,893 29,154 Total Population 16+ 2,923 9,813 21,597 5 Year Ethnicity Projections 1-mi. 3-mi. 5-mi. % White 63.9 65.9 65.5 % Black 26.4 24.9 25.6 % Asian 1.9 1.6 1.4 % Hispanic 5.2 5.1 5.2 % Other 2.6 2.6 2.3 Housing and Household's 1-mi. 3-mi. 5-mi. Total Housing Units 1,176 3,970 8,710 Total Households 1,049 3,651 8,005 Owner-Occupied: Owned with a mortgage or loan 694 2,538 5,531 Owner-Occupied: Owned free and clear 134 475 1,072 Renter-Occupied 221 638 1,402 Aggregate Contract Rent $154,196 $451,573 $1,000,850 Average (Mean) Number of Vehicles Available 2.1 2.1 2.1
Housing Value 1-mi. 3-mi. 5-mi. Housing Value < $10,000 17 58 91 Housing Value $10,000-$14,999 18 66 112 Housing Value $15,000-$19,999 27 92 156 Housing Value $20,000-$24,999 9 35 54 Housing Value $25,000-$29,999 4 11 22 Housing Value $30,000-$34,999 10 34 59 Housing Value $35,000-$39,999 20 72 113 Housing Value $40,000-$49,999 12 41 88 Housing Value $50,000-$59,999 10 38 100 Housing Value $60,000-$69,999 10 36 80 Housing Value $70,000-$79,999 21 76 181 Housing Value $80,000-$89,999 74 288 535 Housing Value $90,000-$99,999 55 201 411 Housing Value $100,000-$124,999 79 299 664 Housing Value $125,000-$149,999 125 465 954 Housing Value $150,000-$174,999 118 422 911 Housing Value $175,000-$199,999 75 271 631 Housing Value $200,000-$249,999 43 161 473 Housing Value $250,000-$299,999 32 118 308 Housing Value $300,000-$399,999 33 104 319 Housing Value $400,000-$499,999 25 85 217 Housing Value $500,000-$749,999 8 27 72 Housing Value $750,000-$999,999 5 13 39 Housing Value $1,000,000 or more 0 0 12 Total Owner-occupied housing units (OOHU) 828 3,013 6,603 Income 1-mi. 3-mi. 5-mi. Per Capita Income (based on Total Population) $25,172 $25,566 $25,936 Average (Mean) Household Income $77,481 $75,953 $75,419 Median Household Income $61,382 $61,020 $60,592 Aggregate Income $81,291,710 $277,274,943 $603,880,974
% Households by Income 1-mi. 3-mi. 5-mi. % Household Income < $10,000 3.6 3.7 4.1 % Household Income $10,000-$14,999 3.1 2.7 3.0 % Household Income $15,000-$19,999 2.5 2.7 3.3 % Household Income $20,000-$24,999 4.3 4.6 3.8 % Household Income $25,000-$29,999 4.1 4.1 4.4 % Household Income $30,000-$34,999 3.4 3.3 3.8 % Household Income $35,000-$39,999 5.0 4.8 5.0 % Household Income $40,000-$44,999 5.0 5.3 5.2 % Household Income $45,000-$49,999 5.5 5.5 5.5 % Household Income $50,000-$59,999 11.9 12.2 11.4 % Household Income $60,000-$74,999 15.8 15.9 14.5 % Household Income $75,000-$99,999 14.2 14.3 15.2 % Household Income $100,000-$124,999 8.9 8.9 9.7 % Household Income $125,000-$149,999 5.7 5.7 5.0 % Household Income $150,000-$199,999 4.3 4.1 3.7 % Household Income $200,000-$249,999 1.1 0.9 1.1 % Household Income $250,000-$499,999 0.8 0.6 0.8 % Household Income $500,000+ 0.8 0.7 0.7 Education 1-mi. 3-mi. 5-mi. College undergraduate 137 479 1,094 Graduate or prof school 49 162 337 Employment and Occupation 1-mi. 3-mi. 5-mi. Total Civilian employed population aged 16+ 1,516 5,158 11,123
% Employment by Industry 1-mi. 3-mi. 5-mi. % Armed Forces 0.1 0.1 0.1 % Civilian, Employed 91.5 91.7 92.0 % Civilian, Unemployed 8.4 8.2 7.9 % Not in Labor Force 32.8 32.7 33.2 % Agriculture, forestery, fishing/hunting, mining 1.1 1.0 1.1 % Construction 5.5 5.7 6.1 % Manufacturing 10.3 10.4 10.9 % Wholesale trade 5.9 6.1 5.3 % Retail trade 14.5 13.7 14.3 % Transportation and warehousing and utilities 10.6 10.8 10.8 % Information 2.0 2.0 2.0 % Finance and ins, real estate, rental and leasing 5.5 5.6 6.1 % Professional, sci, mgmt, admin and waste mgmt svcs 7.2 6.9 7.1 % Educational svcs, health care and social asst 17.4 17.2 17.6 % Arts, entertainmnt, recreation, accom. and food svcs 8.8 8.8 7.2 % Other svcs, except public admin 4.7 5.1 4.9 % Public admin 6.6 6.7 6.6 Transportation to Work 1-mi. 3-mi. 5-mi. Total Workers 16+ 1,516 5,158 11,123 Car, truck, or van 1,380 4,692 10,172 Public transport (not taxi) 16 58 141 Taxicab 0 0 0 Motorcycle 6 20 28 Bicycle 0 0 13 Walked 10 35 61 Other means 14 45 112 Worked at home 90 307 597
Consumer Expenditures 1-mi. 3-mi. 5-mi. Average Apparel $2,066.1 $2,057.4 $2,064.9 Average Education $1,185.0 $1,200.0 $1,235.4 Average Entertainment $2,248.4 $2,246.5 $2,281.0 Average Food and Beverages $6,701.8 $6,701.5 $6,774.6 Average Gifts $937.4 $943.5 $977.4 Average Health Care $3,038.2 $3,059.3 $3,171.0 Average Household Furnishings and Equipment $1,319.9 $1,304.3 $1,353.8 Average Household Operations $1,196.9 $1,190.9 $1,209.9 Average Personal Care $596.3 $597.3 $599.7 Average Personal Expenditure $473.8 $473.2 $489.1 Average Reading $75.9 $76.2 $79.3 Average Shelter $8,692.5 $8,652.3 $8,713.8 Average Transportation $8,797.9 $8,834.7 $8,883.0 Average Utilities $4,134.3 $4,142.5 $4,187.8 Demand by Store Type 1-mi. 3-mi. 5-mi. Motor Vehicle & Parts Dealers $3,917,638 $13,730,678 $30,372,848 Furniture & Home Furnishings Stores $430,583 $1,496,596 $3,392,047 Electronics & Appliance Stores $311,141 $1,075,691 $2,402,966 Building Material & Garden Equipment & Supply Dealers $608,166 $2,087,079 $4,783,738 Food & Beverage Stores $3,340,343 $11,604,835 $25,664,677 Health & Personal Care Stores $573,725 $2,011,379 $4,521,790 Gasoline stations $3,504,673 $12,213,210 $26,979,907 Clothing & Clothing Accessories Stores $1,090,271 $3,788,501 $8,355,149 Sporting Goods, Hobby, Book, & Music Stores $256,756 $891,405 $1,949,507 General Merchandise Stores $2,782,221 $9,659,514 $21,371,140 Miscellaneous Store Retailers $431,023 $1,505,542 $3,395,183 Nonstore retailers $884,694 $3,078,576 $6,861,101 Foodservice & Drinking Places $2,613,843 $9,126,735 $20,308,678 General Merchandise, Apparel and Accessories, Furniture and Other Sales $5,004,732 $17,379,958 $38,529,312 2014/2015 Demographics provided by Experian through Alteryx