1860 Duluth Hwy Lawrenceville, GA 30043-5011
- Individual retail properties
- 38,016 SF
- 7.32 lot acres
Current Use by Public Records
- B Aesthetics / Beauty Salon
- The Joint Chiropractic / Chiropractor
- athletes nutrition / Sports Nutrition Store
- Sugarloaf Marketplace / Shopping Mall
- Kellie Smith Smith-Castro / Dentist
Property Details for 1860 Duluth Hwy
- Year built
- 2003
- Lot size
- 7.32 lot acres
- Property size
- 38,016 SF
- Zone code
- C2-GENERAL BUSINESS
- Property type
- Individual retail properties
- APN
- 7-081 -028
- APU
- 7081028
Description
This exceptional investment opportunity presents a fee-simple ownership of a 41,000 square foot LA Fitness located in Lawrenceville, Georgia. The property boasts a strong 100% occupancy rate with a corporate-guaranteed, Net Lease (NN+) agreement extending until August 31, 2040, with two five-year renewal options. The tenant, LA Fitness, is the #1 busiest location in Georgia and operates under the parent company, Fitness International, LLC, a leading health club operator in North America. The property sits on a 4.9-acre lot and benefits from a 6.25% cap rate and a substantial NOI of $648,000. Built in 2003 and renovated in 2018, this single-tenant building is strategically positioned within Sugarloaf Marketplace, a shopping center with high daily traffic exceeding 30,000 vehicles. The property enjoys excellent visibility and accessibility, situated near Interstate 85 and surrounded by a dense population of over 250,000 residents within a five-mile radius, including affluent communities with average household incomes exceeding $120,000. Rent increases are structured as the lesser of a 5-year CPI increase or 10% every five years, ensuring consistent income growth. The property's proximity to Sugarloaf Mills Regional Mall, numerous luxury apartment complexes, and Hartsfield-Jackson Atlanta International Airport further enhances its value and investment potential. The asking price is $10,368,000. This is a rare opportunity to acquire a high-performing, passively managed asset with significant long-term growth prospects.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $555,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lawrenceville
- County
- Gwinnett
- State
- Georgia
- Longitude
- -84.0773
- Latitude
- 33.9753
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
