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481 W Pike St 8,470 SF 76% Leased Retail Building Lawrenceville, GA 30046 $1,350,000 ($159.39/SF) 8.56% Cap Rate
INVESTMENT HIGHLIGHTS
- Solid medical tenant occupying space since 2002
- Level 0.645 acre BG zoned lot providing parking on 3 sides of the building
- Highly visible building with exposure to 44,500 cars per day
EXECUTIVE SUMMARY
The level 0.645 acre BG (General Business) zoned lot is near Northside Hospital Gwinnett and provides parking on 3 sides of the building. Monument signage advertises to busy West Pike Street, a major artery in the area of Northside Hospital Gwinnett. Please do not disturb tenant. Shown by appointment only.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$139,462
|
$16.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$139,462
|
$16.47
|
| Taxes |
$16,237
|
$1.92
|
| Operating Expenses |
$7,675
|
$0.91
|
| Total Expenses |
$23,912
|
$2.82
|
| Net Operating Income |
$115,550
|
$13.64
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $139,462 |
| Annual Per SF | $16.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $139,462 |
| Annual Per SF | $16.47 |
| Taxes | |
|---|---|
| Annual | $16,237 |
| Annual Per SF | $1.92 |
| Operating Expenses | |
|---|---|
| Annual | $7,675 |
| Annual Per SF | $0.91 |
| Total Expenses | |
|---|---|
| Annual | $23,912 |
| Annual Per SF | $2.82 |
| Net Operating Income | |
|---|---|
| Annual | $115,550 |
| Annual Per SF | $13.64 |
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
- -
- $15.75
- Modified Gross
- Nov 2028
Established in 1991, Touchstone Medical Imaging is a leading provider of high quality, multi-modality diagnostic imaging services for patients and physicians. Headquartered in Plano, TX and partners with US Radiology Specialists since 2018, Touchstone owns and operates best-in-class diagnostic imaging facilities and partners with leading healthcare systems in Colorado, Oklahoma and Texas, as well as additional center sites in Florida, Montana and Arkansas.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | - | $15.75 | Modified Gross | Nov 2028 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Suite C (1,950 SF) available for lease within 30 days of executed lease agreement. Suite C has a 9'x10" drop ceiling throughout the front portion of the space. Clear height beyond the grid and small storage room in the rear has 12' clear height. Storage room in rear has one (1) 8'x8' grade level roll up door. Truck court/parking lot in rear is 50' deep. Please reach out with any questions.
| Space | Size | Space Use | Position | Available |
| C | 1,950 SF | Retail | In-Line | 30 Days |
C
| Size |
| 1,950 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
C
| Size | 1,950 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Suite C (1,950 SF) available for lease within 30 days of executed lease agreement. Suite C has a 9'x10" drop ceiling throughout the front portion of the space. Clear height beyond the grid and small storage room in the rear has 12' clear height. Storage room in rear has one (1) 8'x8' grade level roll up door. Truck court/parking lot in rear is 50' deep. Please reach out with any questions.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5-144-020 | Total Assessment | $443,200 (2023) |
| Land Assessment | $116,760 (2023) | Annual Taxes | $16,237 ($1.92/SF) |
| Improvements Assessment | $326,440 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Presented by
481 W Pike St
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