Newmark Grubb Knight Frank, as exclusive advisor, is pleased to offer Pleasant Hill Plaza, an ASSI Supermarket shadow-anchored shopping center containing 99,052 square feet located in Duluth, GA.
Pleasant Hill Plaza is located in the Duluth/Gwinnett Place submarket; one of the most affluent areas in the State of Georgia. The area has a significant Korean & Asian community which is well educated and intimately familiar with the Gwinnett retail market.
The property is located in one of the most well established retail nodes in all of suburban Atlanta. The Pleasant Hill Road location offers high traffic counts of 72,032 ADT.
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Pleasant Hill Plaza - For Sale
1. Pleasant Hill Plaza
Assi space is unowned and not included in offering
1630 Pleasant Hill Road | Duluth, GA 30096
Newmark Grubb Knight Frank, as exclusive advisor, is pleased to offer Pleasant Hill Plaza, an ASSI Supermarket
shadow-anchored shopping center containing 99,052 square feet located in Duluth, GA.
Size: 99,025 SF (219,025 SF Economics
including ASSI)
In-Place Stabilized
Occupancy: 72%
Anchor Tenants: ASSI (Shadow-anchored – Total Base Rental
not included) Dollar Tree Revenue $771,564 $1,115,696
National / Regional
Tenants: North Georgia Urgent Care, Expense Recovery $194,184 $289,441
Atlanta Mission Thrift Store,
General Vacancy - ($136,659)
Hippo Hop, Metro PCS
Year Built: 1989 Effective Gross
Acreage: +/- 8.7 Acres Revenue $965,748 $1,268,479
Pricing: Unpriced
Operating Expenses ($288,840) ($310,173)
wy
Net Operating
ett
Pleasant Income $676,908 $958,306
on Hill Plaza
32
2. Pleasant Hill Plaza
Heavily-Retailed Trade Area
Gwinnett
Place Mall
Pleasant
Hill Plaza
The Opportunity
Pleasant Hill Plaza offers investors an opportunity to acquire a value-add Demographics
oriented retail center shadow anchored by ASSI Supermarket (a grocer which Pleasant Hill Plaza | Duluth, GA
13
caters to the immediate area demographics) in Duluth, GA - Atlanta MSA.
The property features several national retailers and offers significant upside. Population 1 Mile 3 Mile 5 Mile
ASSI Brand Anchor 2010 Total 14,567 96,047 233,390
ASSI Supermarket is a household name in the Korean community and one of
the major Korean/Asian grocers with 15 locations in the US. The ASSI grocer 2015 Projection 15,640 102,348 248,860
is the most appropriate anchor to the demographics and fuels traffic and sales
to the neighboring tenants. Average Household Income
Dominant Korean/Asian Community 2010 Totals $67,735 $78,442 $89,487
Pleasant Hill Plaza is located in the Duluth/Gwinnett Place submarket; one
of the most affluent areas in the State of Georgia. The area has a significant Median Household Income
Korean & Asian community which is well educated and intimately familiar with
the Gwinnett retail market. 2010 Totals $59,015 $66,890 $74,636
High Traffic Counts
The property is located in one of the most well established retail nodes in all
of suburban Atlanta. The Pleasant Hill Road location offers high traffic counts
of 72,032 ADT. J. MARK HILLIS JASON ARCHER
404.926.1129 404.926.1115
Upside in Lease-up / Repositioning Mhillis@ngkf.com JArcher@ngkf.com
Potential investors enjoy the opportunity of upside in the lease-up of 27,265
SF of vacant space. Furthermore, an investor will benefit from the flexibility
of upside in a redevelopment/repositioning play. The Center can be acquired FRED VICTOR DANIEL YI
below replacement cost. 404.926.1141 404.513.9099
FVictor@ngkf.com Dyi@ngkf.com
A Dominant Retail Location
Immediately accessible from Pleasant Hill Road, the property is within one
mile of I-85 interchange. The property is located in one of the most well C. WHITNEY KNOLL NANCY DELGADILLO
established retail nodes in all of suburban Atlanta.
404.926.1139 404.552.2425
WKnoll@ngkf.com Ndelgadillo@ngkf.com
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement
acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale,
rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is
submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.