alpharetta, ga 30022 770.481.1960 ...connexion at holcomb bridge* 1570 holcomb bridge road 106,755...

5755 North Point Parkway, Suite 262

Alpharetta, GA 30022

770.481.1960

www.shanegroup.net

1585 HOLCOMB BRIDGE

ROAD

5755 North Point Parkway, Suite 262

Alpharetta, GA 30022

770.481.1960

www.shanegroup.net

Roswell, GA

http://www.shanegroup.net

http://www.shanegroup.net

The Shane Investment Property Group, LLC has been engaged as the exclusive agent and representative of the Owner. No

contacts shall be made by any prospective purchaser or agents to the Owner, its executives, personnel or related entities.

This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly

reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves

the right, at its sole discretion, to terminate discussions with any entity at any time with or without notice. The Owner shall have no

legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the

Property unless and until the Owner executes and delivers a signed Purchase Agreement on terms acceptable to the Owner, at

Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and

agrees to release the Owner from any liability with respect hereto.

The enclosed materials are being provided solely to facilitate the prospective purchaser’s own due diligence for which the

purchaser shall be fully and solely responsible.

Neither the Shane Investment Property Group, LLC nor the Owner make any representation or warranty, express or implied, as to

the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied upon as a promise

or representation as to the future performance of the Property. This Investment Offering Brochure may include certain

statements and estimates by the Shane Investment Property Group, LLC with respect to the projected future performance of the

Property. These assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be

achieved. Further, the Shane Investment Property Group, LLC and the Owner disclaim any and all liability for representations or

warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral

communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those

representations and warranties that may be made to it in any final, fully executed and delivered Purchase Agreement between it

and the Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to the

Owner or the Shane Investment Property Group, LLC, nor any of their officers, employees, representatives, independent

contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised

and encouraged to conduct their own comprehensive review and analysis of the Property.

Roswell, GA 770.481.1960 | www.shanegroup.net

1585 HOLCOMB BRIDGE ROAD



See accompanying Confidentiality Statement.

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The offering consists of a highly visible 11,516-square-foot shopping center with excess land for potential development. The

center is located in the affluent Roswell, Georgia (Atlanta MSA) area (average HH Income of $110,000 within 3 miles). This

property is located on the major east-west commercial artery for Roswell with high traffic counts of approximately 44,000

VPD. The center sits on a large +/- 1.675-acre site with possible excess land at the rear of site. The center was completely

rebuilt in 2014 and benefits from prominent exposure and signage on Holcomb Bridge Road.

High-Demand Area: $110,000 Avg. HH Income

Major Retail Corridor—Home Depot, Publix, Kroger,

PGA Superstore, Office Depot, LA Fitness

High Traffic Exposure —44,000 Cars per Day

High Employment Density—60,000 Employees in

3 Miles

Strong Area Market Rent Growth—4.1% in 2019

Mature Market with High Barriers to Entry

Very Functional Design With Spaces Having 60’

Depths

Upside Potential With Vacant Space, Which is Well

Suited for Retail, Cell Phone, Mattress, Medical and

Personal Care Uses

BUILDING: 11,516 SF | LAND: 1.675 ACRES | YEAR BUILT: 1979/2014




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Subject

Kimberly-Clark

Regional

Headquarters

Big Creek Park

& Greenway




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Subject




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Subject

Kimberly-Clark

Regional

Headquarters




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1.675 Acres




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DEMOGRAPHICS Suite 200 (Fully Built Out Coffee Shop/Cafe Suite 200 Patio

Suite 101/102 (Vacant) Terrace Level Suite 220 (Fully Built Out Retail)




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The subject property benefits from a high-traffic location within an affluent area ($110,000 Avg. HH Income). The location

has very convenient regional accessibility via Holcomb Bridge Road and GA-400, which is within only 0.5 miles. Retail

anchors include Home Depot, Publix, PGA Superstore, Sky Zone and LA Fitness. Currently, the Roswell area is experiencing a

wave of redevelopment activity of many of the market’s older shopping centers. The most proximate is the complete

renovation and facelift of the 110,000 square foot Connexion shopping center located directly across Holcomb Bridge Road.

Rental rates for outparcel space at the Connexion range from $30.00 to $35.00 per square foot for the newly constructed

Starbucks outparcel.

Survey: Small Shop Spaces in 2-Mile Radius

Inventory SF 2,529,865

Vacancy Rate* 5.4%

1-Year SF New Supply Delivered 0

5-Year SF New Supply Delivered 0

Average Cap Rate 6.80% *Excludes three vacant anchor spaces totaling

174,603 square feet.

Key statistics of the competitive property

survey within a 2-mile radius are as follows:




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Average Market Rent

Growth of 3.1% over past

five years.

Majority of competitive

inventory lacks road

visibility

Excluding three anchor

spaces, the market

occupancy currently

stands at 94.6%.

Market Rent Per SF

Vacancy Rate




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PROPERTY CAM TENANTS

1585 Holcomb Bridge Road

Roswell, Georgia 11,516 $3.67 29% SubjectEstimate

Connexion at Holcomb Bridge*

1570 Holcomb Bridge Road 106,755 $4.00 89% Starbucks

VerizonKale Me Crazy

From the Earth BreweryTacqueria Tsunami

Kings Market SC*

1425 Market Blvd. 298,294 $20.00-$25.00 $2.00 69% Publix

91% Skyzonew/o Vacant

AnchorFrontgate

McAllister's DeliJimmy Johns

Market Center1580 Holcomb Bridge Road 81,829 $4.63 79% Home Depot

Office DepotZaxby's

Dunkin Donuts

*Outparcel buildings

ASKING

1

2

BLDG. SQ. FT OCCUPANCYLEASE RATES

$23.00 Street$10.00 Terrace

$35.00

$22.003




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PROPERTY CAM TENANTS

1585 Holcomb Bridge Road

Roswell, Georgia 11,516 $3.67 29% SubjectEstimate

4 Centennial Village*

1530 Old Alabama Road 213,268 $24.00 $5.50 58% Kroger

98% Petcow/o Vacant

AnchorMoe's

Holcomb 400 SC

1475 Holcomb Bridge Road 101,337 $4.00 91% LA Fitness

Ballard Designs

Holcomb Place III1530 Old Alabama Road 31,150 $22.00 $3.75 87% Smoothie King

JP SushiMoe's

*Outparcel building with Moe's

$10.00 Terrace$23.00 Street

$16.00 - $20.00

ASKING

5

6

BLDG. SQ. FT OCCUPANCYLEASE RATES




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Suite 200 Suite 210 Suite 230 Suite 240 Suite 220

Fully Built-Out

Cafe

Warm Box

Condition *

Vanilla Box

Condition Joseph Salon

$22.00 PSF $22.00 PSF $22.00 PSF $22.15 PSF

NNN (Pro Forma) NNN (Pro Forma) NNN (Pro Forma) NNN (7/1/20)

*Needs HVAC

Warm Box Condition (Needs HVAC & Bathrooms)

$10.00 PSF $10.00 PSF $10.00 PSF

NNN (Pro Forma) NNN (Pro Forma) NNN (Pro Forma)

Suite 200 Suite 210 Suite 220




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30’

60’

27.5’ 33.5’

Vacant Vacant Joseph & Friends

Salon

Vacant

Vacant Vacant Vacant

29.0’




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Occupied

Coffee Bianco

Warm

Box

Condition

(HVAC)

Vanilla

Box

Condition

SUITE SQUARE FOOTAGE TOTAL SUITE NOTES

Street Level Spaces

200 1,675 Coffee Terminal (New) $0 Fully built-out coffee shop

210 1,635 Vacant

HVAC $12,000

220 2,012 Vacant $0

230/240 2,477 Joseph & Friends Salon $0 Fully built-out salon

Terrace Level Spaces

101 1,837 Vacant

HVAC $12,000

Bathroom $10,000

Lighting $2,000

102 940 Vacant

HVAC $8,000

Bathroom-Existing $0

Lighting

103 940 Vacant

HVAC $8,000

Bathroom $10,000

Lighting $0

TOTAL $62,000

VANILLA SHELL COST ESTIMATE

TENANT

Space is in warm shell condition with bathrooms and sheetrocked

demising walls. Space needs HVAC.

Vanilla Shell space ready for occupancy

* Represents an approximation, which Buyer is responsible for independently verifying

Combined spaces with sheetrocked demising walls, polished

concrete floor & painted exposed ceiling. Space needs HVAC, a

bathroom and lighting.

Space has sheetrocked demising walls, polished concrete floor &

painted exposed ceiling. Space needs HVAC and a bathroom.

Spaces is in warm shell condition with one bathroom, sheetrocked

demising walls, polished concrete floor & painted exposed ceiling.

Space needs HVAC.




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START EXPIRATION

Vacant (Street) 1,675 14.54%

Vacant (Street)11,635 14.20%

Vacant (Street)12,012 17.47%

Joseph & Friends Aveda Salon 2,477 21.51% Jul-15 Jul-25 $54,791 $22.12 $8,670 $63,461

Retail-Street 7,799 $54,791 $8,670 $63,461

101 Vacant (Terrace Level) 892 7.75%

102 Vacant (Terrace Level) 945 8.21%

103 Vacant (Terrace Level) 1,880 16.33%

Retail-Terrace Level 3,717

TOTAL 11,516 $54,791 $8,670 $63,461

Occupied 4,152 28.7% $54,791 $8,670 $63,461

Vacant 7,364 71.3%

1 Spaces have been occupied by the owner

Note: Buyer is responsible forindependently verifying

TENANT

230/240

210

220

ANNUAL RENT/SQ. FT.

200

SQUARE FOOTAGE

ANNUAL BASE RENT% OF CENTER

LEASE TERM

SUITE TOTALEST.

RECAPTURE




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START EXPIRATION

Vacant (Street) 1,675 14.54% Oct-20 Sep-25 $36,850 $22.00 $6,198 $43,048



Joseph & Friends Aveda Salon 2,477 21.51% Jul-15 Jul-25 $54,791 $22.12 $9,165 $63,956

Retail-Street 7,799 $171,875 $28,856 $200,732

101 Vacant (Terrace Level) 892 7.75% Oct-20 Sep-25 $8,920 $10.00 $3,300 $12,220

102 Vacant (Terrace Level) 945 8.21% Oct-20 Sep-25 $9,450 $10.00 $3,497 $12,947

103 Vacant (Terrace Level) 1,880 16.33% Oct-20 Sep-25 $18,800 $10.00 $6,956 $25,756

Retail-Terrace Level 3,717 $37,170 $13,753 $50,923

TOTAL 11,516 $209,045 $42,609 $251,654

Occupied 4,152 28.7% $54,791 $9,165 $63,956

Vacant 7,364 71.3% $154,254 $33,444 $187,698

Note: Buyer is responsible for independently verifying

TENANT

230/240

210

220

ANNUAL RENT/SQ. FT.

200

SQUARE FOOTAGE

ANNUAL BASE RENT% OF CENTER

LEASE TERM

SUITE TOTALEST.

RECAPTURE




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B u i l d i n g

Price: Year Built: 1979 / 2014

Down Payment: Building Square Feet: 11,516

Market CAP: 9.98% Land Parcel (Acres): 1.68

Cost per Gross Square Foot: $158.48

T e n a n t s

First Loan Amount: ◼ Joseph & Friends Salon 2,477

◼ Interest Rate:

◼ Amortization:

◼ Term:

Monthly Payment:

E x p e n s e sProforma Rents

Scheduled Gross Income 209,045$ 209,045$ 20,500$

Plus Recapture 42,609 42,609 3,455

Total Income 251,654$ 251,654$ 3.0% 7,172

Less Vacancy 187,698 74.6% 25,165 10.0% 11,516

Gross Operating Income 63,956$ 226,489$ 1,727

Less Expenses 37,576 44,370

Net Operating Income 26,381$ 182,119$

Loan Payments 77,805 77,805

Pre Tax Cash Flow (51,425)$ -7.8% 104,313$ 15.8%

Plus Principal Reduction 25,842 25,842

PSF 3.85$

Total Return Before Taxes (25,583)$ -3.9% 130,155$ 19.8% Total Expenses 44,370$

Notes:

- This Return does not include any value contribution from the excess developable land. - Buyer is responsible for independently verifying

Taxes

Insurance ($0.30/SF)

CAM ($1.00/SF)

4.50%

$1,166,500

$1,825,000

36.08% $658,500

F i n a n c i a l

L o a n I n f o r m a t i o n

25

Current Rents

$6,483.79

Miscellaneous/Reserves ($0.15/SF)

Management

R e t u r n

5

$18.15Annual Rent per Square Foot:




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B u i l d i n g

Price: Year Built: 1979 / 2014

Down Payment: Building Square Feet: 11,516

Land Parcel (Acres): 1.68

Owner-User CAP:

T e n a n t s

First Loan Amount: ◼ Joseph & Friends Salon 2,477

◼ Interest Rate:

◼ Amortization:

◼ Term:

Monthly Payment:

E x p e n s e sOwner-User Owner-User

As Investment Actual Cash-Flow

Scheduled Gross Income 209,045$ 128,811$ 20,500$

Plus Recapture 42,609 29,115 3,455

Total Income 251,654$ 157,927$ 3.0% 6,795

Less Vacancy 25,165 10.0% 7,896 5.0% 11,516

Gross Operating Income 226,489$ 150,030$ 1,727

Less Expenses 43,993 41,699

Net Operating Income 182,496$ 108,331$

Loan Payments 87,790 87,790

Pre Tax Cash Flow 94,706$ 21.6% 20,541$ 4.7%

Plus Principal Reduction 32,950 32,950

PSF 3.82$

Total Return Before Taxes 127,656$ 29.1% 53,491$ 12.2% Total Expenses 43,993$

5

5.94%

$158.48

$18.15Annual Rent per Square Foot:

CAM ($1.00/SF)

25

$7,315.82

Miscellaneous/Reserves ($0.15/SF)

Management

R e t u r n

Taxes

Insurance ($0.30/SF)

4.00%

$1,386,000

$1,825,000

Cost per Gross Square Foot:

24.05%

10.00%

$439,000

F i n a n c i a l

L o a n I n f o r m a t i o n

Pro Forma CAP:




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Atlanta Locations

Rent Commencement Date

Expiration Date

Term

Increases

Security Deposit

Year Rent PSF

1 $19.00

2 $19.57

3 $20.25

4 $21.07

5 $21.07

6 to 10 $22.12

*Buyer is responsible for independently verifying

Rent Schedule

5 years

Square Footage 2,477

June 30, 2025

July 1, 2015

Annual Base Rent

Tenant Joseph and Friends LLC

5% at the beginning of the option period

One month initial base rent ($3,921.92)

Five (Roswell, Sandy Springs, Alpharetta, Johns Creek & Cumming)

$47,063

Options One (1) five-year option period

$54,787

$48,475

$50,172

$52,178

$52,178

Taxes Tenant pays estimated monthly pro rata share of taxes.

Landlord Expenses Roof, foundation, structure and common area lights

Insurance Tenant pays estimated monthly pro rata share of Landlord's insurance.

CAM

Utilities Tenant is responsible for paying all utilities.

Tenant pays $300 per month for CAM ($1.45/SF). The fixed CAM amount increases 2%

per year in the option period.




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Subject

Subject




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One Mile Three Miles Five Miles Notes

2019 Population 14,615 81,669 204,539 2010 Population 13,681 73,639 185,703 5 Year Projected 15,125 85,778 214,712 Growth Over the Past 8 Years 6.83% 10.90% 10.14%Projected Growth Over the Next 5 Years 3.49% 5.03% 4.97%

2019 Households 5,535 33,099 81,023 % Owner Occupied 45.15% 53.60% 59.24%% Renter Occupied 54.85% 46.40% 40.76%2010 Households 5,248 30,044 74,038 5 Year Projected 5,703 34,657 84,791

Growth Over the Past 8 Years 5.47% 10.17% 9.43%Projected Growth Over the Next 5 Years 3.04% 4.71% 4.65%

2019 Average Household Income $91,922 $109,940 $131,104 5 Year Projected $106,835 $125,409 $146,147 Projected Growth Over Next 5 Yrs. 16.22% 14.07% 11.47%

Employment & Establishments

2019 Employees/Daytime Population 5,077 59,502 126,594 2019 Total Establishments 508 5,289 10,808

White 58.30% 61.50% 66.20%African American 19.10% 19.80% 15.90%Hispanic Origin 14.20% 8.60% 4.80%Native American / Alaskan Native 0.40% 0.30% 0.20%Asian/Pacific Islander 4.00% 6.20% 9.70%Other Race 4.00% 3.60% 3.00%

Race

Population

Households

Income

alpharetta, ga 30022 770.481.1960 ...connexion at holcomb bridge* 1570 holcomb bridge road 106,755...

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