snapfinger plaza investment offering

2714 Wesley Chapel Road, Decatur, GA 770.481.1960 | www.shanegroup.net

SNAPFINGER PLAZA

Facing Snapfinger Road

2714 Wesley Chapel Road, Decatur, GA

5755 North Point Parkway, Suite 262

Alpharetta, GA 30022

770.481.1960

www.shanegroup.net

http://www.shanegroup.net


SNAPFINGER PLAZA


SNAPFINGER PLAZA

See accompanying Confidentiality Statement.

INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

Snapfinger Plaza is a six-tenant, 26,600 GLA shopping center nestled at the intersection of Wesley Chapel Road and Snapfinger

Road in south Dekalb County, a suburb of Atlanta, Georgia. This highly-visible corner sees a traffic count of over 74,000 vehicles per day. The tenant mix is ideal for the area, with internet-proof service tenants. The center is anchored by a United States Post

Office branch that has been at this location for 20 years and occupies 60% of the center or 16,000 square feet. Approximately two

years ago, the Post Office showed its commitment to the center by making $1.3 million in improvements to its premises. In

addition, the Post Office executed an early five-year lease extension that was not due to occur until February 2020.

100% Leased—Low Rents

Anchored by US Post Office with a 20-Year History, Recent 5-Year Extension, & $1.33MM in Recent Improvements

US Post Office: Extensive Fenced Lot for Trucks and Employees

US Post Office: New Roof in 2017

High-Traffic Counts: 74,000 VPD at Intersection

Major Access to Interstate 20

Valuable Service Tenants: Well Matched to the Area & Internet-Proof

This shopping center is located approximately 10 miles east of downtown Atlanta in an area boasting a population of over 200,000

within a five-mile radius of the center. The entrance to Interstate 20 is less than 1/4 mile from the center and is the main access to

points east and west. In addition, in less than a half-mile, Interstate 20 intersects with Interstate 285, the Atlanta beltway, which

has direct access to Hartsfield-Jackson International Airport approximately 15 miles south of the shopping center. Snapfinger

Plaza is located along one of two major retail corridors in South Dekalb County as evidenced by a traffic count of over 52,000 VPD

in front of the center and a combined 74,000 VPD at the intersection.

BUILDING: 26,600 SF | LAND: 3.08 ACRES | YEAR BUILT: 1968

Facing Wesley Chapel Road


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

Subject


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

Only a 25-Minute Drive to Downtown Atlanta and Hartsfield-Jackson Atlanta International Airport

Subject

15.3 Miles from Subject

12 Miles from Subject


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

Please note: Lot Lines are Approximate

Subject

Intersection of Wesley Chapel & Snapfinger Road:

74,000 Vehicles per Day


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS


Intersection of Wesley

Chapel and Snapfinger Road:

74,000 Vehicles per Day


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

New Roof—2017

Extensive Gated Lot

for US Post Office


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

US Post Office has designated entrance and separate parking area.

Snapfinger Road—22,000 VPD


Wesley Chapel Road—51,900 VPD


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

2712—Coin Laundry

(Tenant since 2013)

2714— Winner’s Hair Braiding

(Tenant since 2009)

2716—Tax Services

(Tenant since 2011)

2722—Fish Supreme

(Tenant since 1999)

2524—USPS Post Office

(Tenant since 1999)

2728—Community Christian

Church

(Tenant since 2011)


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

START EXPIRATION

Coin Laundry 2,000 7.52% 2013 Jul-26 $24,000 $12.00

Tenancy since 2013

Winners Hair Braiding 1,000 3.76% 2009 Mar-20 $12,600 $12.60 $1,200

Tenancy since 2009

Tax Services 1,500 5.64% 2011 Dec-20 $19,500 $13.00 $3,120

Tenancy since 2011

Fish Supreme 2,100 7.89% 1999 Sep-22 $31,850 $15.17 $3,120

Tenancy since 1999

US Post Office 16,000 60.15% 1999 Feb-25 $151,200 $9.45 $15,549

Tenancy since 1999

Community Church 4,000 15.04% 2011 Apr-20 $36,000 $9.00 $246

Tenancy since 2011

Precision Tune Parking N/A 2012 MTM $3,300 **

Tenancy since 2012

26,600 $23,235

Occupied 100% 26,600 100.00% $278,450 $10.47 $23,235

Vacant %

Notes: Post Office rent includes increase effective February 2020.

Precision Tune rents four parking spaces,

$278,450

2714

2716

ANNUAL RENT/SQ. FT.

ESTIMATED RECAPTURE

2712

SQUARE FOOTAGE

ANNUAL BASE RENT

% OF CENTER

LEASE TERM

SUITE TENANT

2722

2724

2728

Tenancy sine 2013

Tenancy sine 2009

Tenancy sine 2011

Tenancy sine 1999

Tenancy sine 1999

Tenancy sine 2011


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

B u i l d i n g

Price: 1968

Down Payment: 30.00% Building Square Feet: 26,600

9.24% Land Parcel (Acres): 3.08 Acres

$95.86

$10.47

First Loan Amount: n

n Interest Rate: 4.50% n

n Amortization: 25 n

n Term: 5 n

Monthly Payment: n

n

Current Rents

$278,450 24,296$

- 8,704

23,235 2,300

$301,685 4,149

6,363 3.2% 9,000

$295,322 8,760

$59,709 2,500

$235,616 -

119,059

116,557$ 15.2%

39,543

59,709$

$2.24

156,100$ 20.4%

Note 1 -Utilities - Outside Electric and Water

Insurance

Utilities

Landscaping/Sweeping

Management

USPS Post Office

$765,000

Year Built:

Current CAP:

F i n a n c i a l

$2,550,000

Cost per Gross Square Foot:

Coin Laundry

Winners Hair Braiding

Tax Services

Annual Rent per Square Foot:

$1,785,000

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

Community Christian Church

T e n a n t s

Fish Surpreme

$9,921.61

Total Return Before Taxes

Less Vacancy (5% of shop space)

Total Expenses

Miscellaneous/ReservesLess Expenses

Pre Tax Cash Flow

Gross Operating Income

Plus Principal Reduction

Loan Payments

Net Operating Income

E x p e n s e s

Scheduled Gross Income

Plus Overage

Taxes

Maintenance

Total Income

Plus Recapture

R e t u r n


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

Termination Date

Term

Increases

Security Deposit

Year Annual Base Rent

4/1/16 $24,000

4/1/17 $24,0004/1/18 $24,0004/1/19 $24,0004/1/20 $24,0004/1/21 $24,720

4/12022 $24,7004/1/23 $24,7204/1/24 $24,7204/1/25 $24,720

About the Tenant

$2,060.00

$2,060.00

$2,060.00$2,060.00$2,060.00

Landlord Expenses Tenant responsible for HVAC repairs and for maintaing HVAC service contract.

CAM Tenant not billed for CAM.Utilities Tenant responsible for all utilities to include seperately metered water.

Coin-operated laundry. Lease guaranteed by tenant and equipment provider for as long as current tenantis in lease or until equipment is paid for .

Options 2 x 5 yrs with 3% increases for each option termTaxes

Insurance

$2,000.00

$2,000.00

Rent Schedule Monthly Base Rent

$2,000.00

$2,000.00$2,000.00$2,000.00

10 Years

Tenant Coin Laundry

Building Suite 2712 2,000 SF

Commencement Date April 1, 2016

July 31, 2026


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

Termination Date

Term

Increases

Security Deposit


4/1/17 $11,400

4/1/18 $12,0004-/1/2019 $12,600

About the Tenant

3 Years

Tenant Winner Hair Braiding


Commencement Date April 1, 2017

March 31, 2020

$1,050.00


$950.00

$1,000.00$1,050.00

Options

TaxesInsurance

CAM $100.00/month. Tenant responsible for HVAC repairs.Utilities Tenant pays all utilities to include water.

Women's hair braiding. Shop has been in place since 2009.

Landlord Expenses


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

Termination Date

Term

Increases

Security Deposit


1/1/15 $16,800

1/1/16 $17,304

1/1/17 $17,8231/1/18 $18,358

1/1/19 $18,9091/1/20 $19,500

About the Tenant

$1,625.00

Tenant provides tax services, Fedex, money transfers, check-cashing services, and title loans. Tenant has co-tenancy with post office with 60 days advance notice. Tenant has provided a personal guaranty for thelease. Tenant may cancel lease if less than 200 tax returns are prepared in a fiscal year with following

payment penalities: Year 1 : $12,000; Years 2-3: $6,000; Years 4-5: $3,000.

Landlord Expenses

Insurance

CAM $260 MonthlyUtilities Tenant responsible for all utilities direct plus $60 monthly to Landlord for water.

Options

Taxes

$1,575.71

$1,575.71


$1,400.00

$1,442.00

$1,485.26$1,592.82

12 Months

Tenant Tax Services


Commencement Date January 1, 2015

December 31, 2020


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

Termination Date

Term

Increases

Security Deposit


10/1/17 - 9/30/18 $31,857

10/1/18 - 9/30/19 $31,85710/1/19 -9/30/20 $31,85710/1/20-9/30/21 $32,49410/1/21-9/30/22 $33,144

About the Tenant

60 Months

Tenant Fish Supreme


Commencement Date October 1, 2017

September 30, 2022

$2,762.00

$2,762.00


$2,654.17

$2,654.17$2,654.17$2,707.85

Options 2 x 5 years at current market rents

TaxesInsurance

CAM $200/month CAM plus $60/month for waterUtilities

Fish Supreme is a long-time restaurant in metro Atlanta and has been at this location since 1999. Currentowner/operator purchased this location in 2017 and signed a new lease at that time.

Landlord Expenses


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

Termination Date

Term

Increases

Security Deposit


3-1-15 - 2/29/20 $143,200

About the Tenant

5 Years

Tenant United State Postal Service


Commencement Date March 1, 2015

February 29, 2020

None

None


$11,933.33

Options 2 x 5 Years

Taxes Reimburses 60.44% of real estate taxesInsurance

CAMUtilities

US Postal Service has been at this location since 1999. Approximately two years ago it invested about$1.3MM in improvements to the premises to include new HVAC and lighting. It has two remaining options of5 years each. The first option commencing 3/1/2020 has been executed and the rent at that time will be$151,200 per year. Rent for the second option will be $159,200 per year effective 3/1/2025. Landlordinstalled new roof on premises for Post Office at the time of tenant improvements.

Landlord Expenses Roof structure and termites.


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

Termination Date

Term

Increases

Security Deposit


5-1-2016-4-30-2018 $36,000

5/1/18-4/30/19 $36,000 $3,000.00

5/1/19-4/30/20 $36,000 $3,000

5/1/20-4/30/21 $36,000 $3,000

About the Tenant

2 Years

Tenant Community Christian Church


Commencement Date May 1, 2016

April 30, 2018

$3,000.00


$3,000.00

Options 3 automatic one-year options. Must give 90-day notice of intent not to renew.

TaxesInsurance

CAM Tenant does not pay CAM.Utilities

A church has been at this location since 2011. Current minister has been at this location since 2016.

Landlord Expenses


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

Termination Date

Term

Increases

Security Deposit


M-T-M $3,300

About the Tenant Franchised Precision Tune auto repair. This facility is not a part of the offering. Monthly rent is for the use

of 4 parking spaces to be used as parking overflow.

Landlord Expenses None

Insurance

CAM None

Utilities

Options

Taxes None

None


$275.00

M-T-M

Tenant Precision Tune

Building

Commencement Date August 1, 2012


SNAPFINGER PLAZA


INVESTMENT SUMMARY

LOCATION MAPS

RETAIL MAP

AERIAL MAP

PHOTOGRAPHS

SITE PLAN

RENT ROLL

FINANCIAL SUMMARY

LEASE ABSTRACTS

DEMOGRAPHICS

One Mile Three Miles Five Miles Notes

2019 Population 8,478 73,385 200,9362010 Population 8,363 70,328 200,4695 Year Projected 8,602 75,617 217,427Growth Over the Past 5 Years 1.38% 4.35% 0.23%Projected Growth Over the Next 5 Years 1.46% 3.04% 8.21%

2019 Households 3,085 26,915 76,401% Owner Occupied 52.40% 54.90% 53.70%% Renter Occupied 38.20% 33.60% 34.00%2010 Households 3,061 25,937 73,2745 Year Projected 3,121 27,632 78,868Growth over past 10 years 0.78% 3.77% 4.27%Projected Annual Growth Over the Next 5 Years 0.23% 0.53% 0.64%

2019 Average Household Income $53,745 $56,395 $54,095

5 Year Projected $58,158 $61,610 $59,475

Projected Growth Over the Next 5 Years 8.21% 9.25% 9.95%

Employment & Establishments

2019 Employees/Daytime Population 2,138 19,368 41,9572010 Total Establishments 271 2,276 4,725

White 2.40% 2.80% 4.90%African American 94.40% 93.70% 91.20%Hispanic Origin (Any Race) 1.40% 1.80% 2.10%Native American / Alaskan Native 0.00%Two or More Races 1.60% 1.90% 2.00%

Race

Population

Households

Income

snapfinger plaza investment offering

Documents