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Property profile & analytics
OFF-MARKET Estimated value $4,250,000
Commercial real estate

2007 Scenic N Hwy Snellville, GA 30078-2168

7,518 SF 1.4 ac lot Built 1987
Entity Owned 11-yr Hold Free & Clear
Property ID
US22-1759791
Property summary
AI-generated overview

This exceptional 9,989 square foot shopping center, built in 2023, is ideally situated on a 1.42-acre hard corner lot at 2007 Scenic Hwy N in Snellville, Georgia (30078). Boasting an irreplaceable pin corner location with exceptional frontage and visibility, the property offers multiple access points and benefits from high traffic counts on a thriving retail corridor. Currently 100% occupied by seven tenants, including Smoothie King, Bon de Paris, and Ubreakifix, the center generates a strong NOI of $317,597, representing a 7.00% cap rate. The property features 50 parking spaces and is zoned BG - General Business. The strong tenant mix and steady rent increases, reflecting a 3.13% CAGR, contribute to a stable investment opportunity. Located in Gwinnett County's rapidly growing Snellville submarket, the center benefits from a robust demographic profile. Within a five-mile radius, the population exceeds 189,425, with an average household income of $106,356 and a projected annual growth rate of 3.8% within one mile. The Scenic Highway corridor boasts over 2.7 million square feet of retail within a one-mile radius, ensuring a constant flow of customers. This property presents a compelling investment opportunity with significant upside potential. The asking price is $4,515,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1987
Construction WOOD
Total area 7,518 SF
Lot 1.4 ac (60,984 SF)
Zoning code BG-GENERAL BUSINESS
APN 5-040 -039
UPID US22-1759791
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.57M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.01M
Blend (final) Blend
$4.25M
Owner & transaction history
Wilum LLC · 11 yrs held
Wilum LLC
since 2014
Last sale
$4.1M
3 recorded transactions
2014
Price N/A
2014
$1.4M
1969
Price N/A
Zoning & alternative use
BG-GENERAL BUSINESS · Snellville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.5M +121.4%
Auto repair, garage $3.4M +65.8%
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