Post on 19-May-2020
GARY WOODWARDVice President3344 Peachtree Road NE, Suite 1100 Atlanta, GA 30326 tel +1 404 995 6455gary.woodward@am.jll.com
Merchants Square
Confidential offering memorandum
4650 Jimmy Carter Boulevard, Norcross, GA 30093
RAY DANKBERGVice President3344 Peachtree Road NE, Suite 1100 Atlanta, GA 30326 tel +1 404 995 2415ray.dankberg@am.jll.com
The Property
Pg. 2
Jones Lang LaSalle is pleased to present Merchants Square, a 103,242 +/- SF regional shopping center located in Norcross, Georgia. The center is strategically located within the market between Interstate 85 and Interstate 285.
National / Regional Tenants:Chiquititas Lounge, Panaderia Y Pupuseria Las Delicias, Botanica La Misericordia, MS Taqueria, Rodriguez Tools Fasteners, King Dragon, Cafe Dominican Restaurant, Siempre Belle Boda Quincenera Y Mas, Value Pawn, A fun Time Out, Atomy, Gwinnett Comendy Club, X Cell Communications, ATC Income Tax, Chamoy Barber Shop, Dollar Store, Computer World, GetClipd Barbershop, Ayan Indian Restaurant, I Love Pho, Speed Lane Emissions
Property Size: Total GLA: 103,242 +/- SF Land Area: 9.84 +/- AC Zoning: C2 Parking: 503 spaces
Norcross, GA is located 20 miles
northeast of Atlanta. As a suburb of Atlanta Norcross offer a range of affordable housing options, while providing access to Atlant’s downtown via I-285 by way of Buford Highway.
Area RetailersPublix, TJ Maxx, Office Depot, LA Fitness, Walgreens, Famous Footwear, Dicks Sporting Goods, Dollar General, CosmoProf, Goodwill Thrift Store, Staples
Top EmployersCareerBuilder, Waffle House Headquarters, WestRock Headquarters, Fleetcor Technologies Headquarters, EMI Headquarters, Rentokil Steritech North Ameria Headquarters, Pediatria Headquarters, TransCentra Headquarters, RevenueMed Headquarters
SITE
MSA Overview
Total Population
Median Household Income
Total Households
Pg. 7
Suite Tenant Area (SF)
101 Chiquitas Lounge 1,180
106 Panaderia Y. Pupuseria Las Delicias 2,000
107 Botanica La Misericordia 1,301
108 MS Taqueria 934
109 Rodriquez Tools Fasterners #1 1,350
110 Vacant 2,491
115 Vacant 44,000
117 King Dragon 1,875
118 Cafe Dominican Restaurant 750
119 Cafe Dominican Restaurant 2,350
122 Siempre Belle Boda Quincenera Y Mas 1,180
126 Value Pawn 6,110
102-105 Chiquititas Lounge 6,700
111-113 A Fun Time Out 6,250
114A Atomy 1,600
114B Gwinnett Comedy, Inc. 7,000
116A X Cell Communications 859
116B ATC Income Tax 998
120-121 Chamoy Barber Shop 2,140
123-124 Dollar Store 2,253
125A Computer World 963
125B GetClipd Barbershop 925
133A Ayan Enterprises - Indian Restaurant 3,333
133B I Luv Pho 4,500
Site Plan
Norcross, GAMerchant’s Square
I Luv Pho
LazeezTava Fry
ChiquititasLounge
Happy CoinLaundry
E11evenLounge
GA BeautySchool
ImpulseLounge
Lal Qila
La Taraska MichoacanaPaleteria Neveria
Vien
Huo
ng
Fiesta
Pala
ce
Pizza P
laza
Pupuseria LasDelicias Salvadoreñas
ServiciosTotales
TalpaSupermercado
Fusion BarbershopRodriguez Tools
Siempre Bella’sChamoy Barbershop
Cafe DominicanoKing Dragon
Value Pawn
Britt Rd
Jimm
y Carter Blvd
Willi
ams R
d
30,900 CPD
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Property Aerial
Rent Roll
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Tenant Name Suite Lease Start Lease End Rentable Area Rent CTI Total"MS2--MS SQUARE LLC ESCANDALO, INC.(Chiquititas Lounge)"
101 04/01/13 10/31/21 1,180 0.00 0.00 0.00
Panaderia Y. Pupuseria Las Delicias 106 01/27/10 06/30/21 2,000 1,755.98 600.99 2,356.97
Botanica La Misericordia 107 10/01/14 03/31/23 1,301 1,045.28 391.85 1,437.13
MS Taqueria 108 12/01/19 03/31/23 934 1,003.85 277.08 1,280.93
Rodriquez Tools Fasterners #1 109 12/01/16 11/30/20 1,350 1,432.56 404.14 1,836.70
Vacant 110 2,491 0.00 0.00 0.00
Vacant 115 44,000 0.00 0.00 0.00
King Dragon 117 03/12/12 09/30/22 1,875 1,510.23 564.30 2,074.53
Cafe Dominican Restaurant 118 10/01/15 07/31/24 750 0.00 0.00 0.00
Cafe Dominican Restaurant 119 02/01/04 07/31/24 2,350 3,968.92 930.39 4,899.31
Siempre Belle Boda Quincenera Y Mas 122 02/01/18 01/31/21 1,180 1,215.40 356.55 1,571.95
Value Pawn 126 10/19/99 12/31/24 6,110 4,934.85 1,222.00 6,156.85
ESCANDALO, INC.(Chiquititas Lounge) 102-105 11/01/11 10/31/21 6,700 7,170.80 2,369.81 9,540.61
A Fun Time Out 111-113 06/01/19 05/31/24 6,250 5,208.33 1,854.16 7,062.49
Atomy 114A 04/01/18 04/30/20 1,600 763.57 480.40 1,243.97
Gwinnett Comedy, Inc. 114B 08/01/15 07/31/22 7,000 5,908.92 2,103.81 8,012.73
X Cell Communications 116A 11/11/13 10/31/21 859 1,029.42 257.39 1,286.81
ATC Income Tax 116B 01/01/18 12/31/20 998 998.00 301.67 1,299.67
Chamoy Barber Shop 120-121 12/01/07 12/31/22 2,140 2,780.60 642.81 3,423.41
Dollar Store 123-124 09/01/18 12/31/21 2,253 2,200.00 673.26 2,873.26
Computer World 125A 02/08/10 04/30/22 963 896.26 289.55 1,185.81
GetClipd Barbershop 125B 02/15/18 05/31/21 925 1,133.12 278.89 1,412.01
Ayan Enterprises - Indian Restaurant 133A 10/22/08 05/31/24 3,333 3,333.00 1,002.48 4,335.48
Pho Viet Number One, LLC dba I Luv Pho 133B 03/05/10 08/31/25 4,500 4,436.54 1,352.54 5,789.08
Speed Lane Emissions Lot 3/21/11 5/31/22 200 1,311.27 0.00 1,311.27
Total 10,3242 54,036.90 16,354.07 70,390.97
Occupied Area: 56,751.00Vacant Area: 46,491.00Occupancy %: 54.96
Contact information
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GARY WOODWARDVice President3344 Peachtree Road NE, Suite 1100 Atlanta, GA 30326 tel +1 404 995 6455gary.woodward@am.jll.com
RAY DANKBERGVice President3344 Peachtree Road NE, Suite 1100 Atlanta, GA 30326 tel +1 404 995 2415ray.dankberg@am.jll.com