2007 Scenic N Hwy Snellville, GA 30078-2168
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BG-GENERAL BUSINESS · Snellville, GASnellville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.