Four-Tenant Shopping
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5245 Buford Highway, Norcross, GA 30071
Built in 2007, the center is 85% leased with tenant leases carrying terms of at least 5 years.
Property Size9,243 SF
Days on Market145
Property Features for 5245 Buford Highway
General Information
Standard status
Active
Size
9,243 SF
Property subtype
Retail
Occupancy
85%
Additional Details
Traffic Count
40,000 vehicles/day
Building Details
Year Built
2007
Tenancy
Multi
Listing Agency:
Northmarq - Alpharetta
Listed By:
Chris Howard · License #GA 367129
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 1:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Alpharetta
Investment Insights
Based on property information with market context.
Magnolia Plaza is a 9,243-square-foot shopping center constructed in 2007 with four tenant spaces. The property is 85% leased, and every existing lease has a term of at least 5 years.
The center is positioned just northeast of historic downtown Norcross along a busy thoroughfare generating more than 40,000 cars per day. The surrounding area has recorded population growth exceeding 10% within 1 mile, while projected average household income growth is nearly 8% over the next 5 years. Daytime population within 3 miles exceeds 73,000.
The center is positioned just northeast of historic downtown Norcross along a busy thoroughfare generating more than 40,000 cars per day. The surrounding area has recorded population growth exceeding 10% within 1 mile, while projected average household income growth is nearly 8% over the next 5 years. Daytime population within 3 miles exceeds 73,000.
Key Highlights
- 9,243‑square‑foot shopping center constructed in 2007
- Four tenant spaces with 85% leased occupancy
- All existing leases carry terms of at least 5 years
Property Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
85%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 11%
BP
Shops & Services
10,286 visits/mo
0.1 miles
BP
Shops & Services
6,242 visits/mo
0.5 miles
Little Caesars Pizza
Dining
2,123 visits/mo
0.4 miles
Caliber Collision
Shops & Services
452 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
289 visits/mo
0.1 miles
Demographics for 30071, GA
25,629
Population
9,644
Households
2.7
Avg Household Size
33
Median Age
34%
College-Educated
78%
High-School Grad
12.1 sq mi
ZIP Area
2,118
Density / Sq Mi
$61,351
Median Household Income
$38,129
Median Earnings
$1,588
Median Rent
$333,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Built in 2007, the center is 85% leased with tenant leases carrying terms of at least 5 years.
Where is this shopping center located?
The property is located at 5245 Buford Highway Norcross, GA.
What are key features of this property?
This property features: 9,243‑square‑foot shopping center constructed in 2007; Four tenant spaces with 85% leased occupancy; All existing leases carry terms of at least 5 years
