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HOLCOMB CORNERS
Hale Retail Group | 1303 Hightower Trail Suite 201 • Atlanta, GA • 30350 | 404-790-2846
2
EXCLUSIVELY LISTED BY:
Sam HalePresident
1303 Hightower Trail Suite 201 Atlanta, GA [email protected]
CONFIDENTIALITY
Hale Retail Group, Inc. (“Broker”) has been retained as an exclusive advisor and the Broker to Owner and its subsidiaries regarding the saleof the property described in this Off ering Memorandum (“Property”).
Th is Marketing Package has been prepared by Broker, for use by a limited number of parties and does not purport to provide a necessarilyaccurate summary of the property or any of the documents related thereto, nor does it purport to be all inclusive or to contain all of theinformation which prospective investors may need or desire. All projections have been developed by Broker, Owner and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of Owner, Broker and therefore are subject to variation. No representation is made by Broker, or Owner as to the accuracy or completeness of the information computed herein, and nothing contained herein is, nor shall be relied on as, a promise or representation of the future performance of the property. Although theinformation contained herein is believed to be correct, Owner, Broker, and their respective employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Owner, Broker, and theirrespective employees disclaim any and all liability for representation and warranties, expressed and implied, contained in, or for omissions from, the Marketing Package or any other written or oral communication transmitted or made available to the recipient. Th e Marketing Package does not constitute a representation that there has been no change in the business or aff airs of the property or Owner since the date of preparation of the Marketing Package. Analysis and verifi cation of the information contained in the Marketing Package is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the property will be made available upon written request from interested and qualifi ed prospective investors.
Owner expressly reserves the right, at its sole discretion, to reject any and all expressions of interest or off ers regarding the property and/orterminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligations to any entityreviewing the Marketing Package or making an off er to purchase the property unless and until such off er is approved by Owner, a writtenagreement for the purchase of the property has been fully executed, delivered, and approved by Owner and its legal counsel, and any conditionsto Owner’s obligations thereunder have been satisfi ed or waived. No brokerage commission or fi nder’s fee shall be payable to any party by Owner or Broker or any affi liate or agent thereof in connection with the sale of the property unless otherwise agreed to by Broker and Owner in writing.
Th is Marketing Package and its contents, except such information which is a matter of public record or is provided in sources available to thepublic, are of a confi dential nature. By accepting the Marketing Package, you agree that you will hold and treat it in the strictest confi dence.You agree that you will not photocopy or duplicate it, that you will not disclose the Marketing Package or any of its contents to any other entity (except to outside advisors retained by you if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confi dentiality) without the prior written authorization of Owner or Broker. You also agree that you will not use the Marketing Package or any of its contents in any fashion or manner detrimental to the interest of Owner or Broker.
Broker discloses that it represents Owner only in this transaction, and Broker’s compensation shall be paid by Owner only.Prospective purchasers should carefully review the notices and disclosures contained within this Marketing Package.
If aft er reviewing this Package, you have no further interest in purchasing the Property, kindly return this Package to:
Hale Retail Group1303 Hightower Trail, Suite 201Atlanta, Georgia 30350
HOLCOMB CORNERS | OFFERING MEMORANDUM
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. PROPERTY OVERVIEW
3. MARKET OVERVIEW
4. FINANCIALS
5. TENANT PROFILES
HALE RETAIL GROUP | 3HOLCOMB CORNERS
NET OP INCOME
HOLCOMB CORNERS
3375 Holcomb Bridge RoadNorcross, GA 30092
Holcomb Corners is a 15,075 SF retailshopping center located in Norcross, GA. The center is ideally located on with access from both Holcomb Bridge Rood andJimmy Carter Boulevard at a traffic controlled intersection. The area has high traffic counts and excellentvisibility with a combined traffic count of50,000 vehicles per day on Jimmy Carter Blvdand Holcomb Bridge Road.
$3,100,000
TBD
15,075 SF
Caribbean CuisineXelapan Restaurant
& Event Facility
$205.64
1.51 Acres
TBD
1985
PRICE PRICE PER SF
AVG LOT SIZE
SQUARE FT
TENANTS
CAP RATE
YEAR BUILT
Holcomb Corners
HALE RETAIL GROUP | 4HOLCOMB CORNERS
HOLCOMB CORNERS
SUMMARY
OFFERINGProperty Holcomb Corners
Address 3375 Holcomb Bridge Road Norcross, GA 30092
Parcel No. R6283-067
Zoning General Commercial
SITE DESCRIPTIONNumber of Stories ......................................................................................................1Year Built ..............................................................................................................1985Gross Leasable Area (GLA) .........................................................................15,075 SFLot Size ....................................................................................................... 1.51 AcresParking ..........................................................................................................79 SpacesParking Ratio ............................................................................... 5.25 per 1,000 GLA
INVESTMENT HIGHLIGHTS• High Traffic Area - Highly visible corner with an ADT exceeding 50,000 vehicles• Excellent Location - Easy access to Route 141 & I-85 • Dense market - Over 230,000 residents in 5 miles radius and an average household income
exceeding $92,900 - Peachtree Corners has some of the highest salaried professionals in Metro Atlanta
• NNN Leases with annual increases• Center backs up to a newly renovated apartment complex with 270+ units - The surrounding
area hosts a number of businesses and is within close proximity to Technology Park• Area Development Projects - Holcomb Bridge Road Redevelopment: a proposed development
project creating more residential housing in the Peachtree Corners area
HALE RETAIL GROUP | 5HOLCOMB CORNERS
AERIAL PHOTO
Holcomb Corners
FedEx Distribution Corporation Susan Stripling Elem. School
PEACHTREE INDUSTRIAL BLVD (17,400 VPD)
JIMM
Y CARTER BLV
D (24,500 V
PD)
HOLCOMB BRIDGE ROAD ROAD (17,400 VPD)
HALE RETAIL GROUP | 6HOLCOMB CORNERS
AERIAL PHOTO - LOW
HALE RETAIL GROUP | 7HOLCOMB CORNERS
SITE PLANXelapan #2
Event FacilityKleen Cutz Salon
Smoke ShopCarribean CuisineCarribean Grocery
Royal MassageVacant
A1 / 2,100A2-3 / 2,677
B / 1,472B1 / 1,300D / 3,276
E-F / 2,000G / 900
H / 1,350
TENANT SUITE NUMBER / SF
H
G
FE
D B-1 A2/3 A-1B
JIMMY CARTER BLVD
HOLC
OM
B BRID
GE ROAD
HALE RETAIL GROUP | 8HOLCOMB CORNERS
DEMOGRAPHICS
POPULATION 1 MILE 3 MILES 5 MILES
2017 ESTIMATE 12,099 72,916 231,287
2022 PROJECTION 12,750 76,545 242,961
2010 CENSUS 11,204 67,992 215,959
PERCENT CHANGE: 2010-2017 7.99% 7.24% 7.10%
PERCENT CHANGE: 2017-2022 5.38% 4.98% 5.05%
HOUSEHOLDS
2017 ESTIMATE 2,690 18,004 55,940
2022 PROJECTION 2,853 18,969 58,824
2010 CENSUS 2,457 16,651 52,076
PERCENT CHANGE: 2010-2017 9.47% 8.49% 7.96%
PERCENT CHANGE: 2017-2022 5.96% 5.50% 5.42%
HOUSEHOLD INCOME
2017 ESTIMATED AVERAGE HH INCOME $63,303.00 $97,671.00 $92,949.00
2017 ESTIMATED MEAN HH INCOME $50,521.87 $59,240.24 $56,445.37
EDUCATION
2017 ESTIMATED POPULATION 21 & OVER 8,322 8,322 161,427
HS AND ASSOCIATES DEGREES 52% 41% 42%
BACHELOR’S DEGREE OR HIGHER 36% 43% 41%
HALE RETAIL GROUP | 9HOLCOMB CORNERS
DEMOGRAPHICS
HALE RETAIL GROUP | 10HOLCOMB CORNERS
13
EXCLUSIVELY LISTED BY:
Sam HalePresident
1303 Hightower Trail Suite 201 Atlanta, GA [email protected]
HOLCOMB CORNERS | OFFERING MEMORANDUM
