Water Oak Center is a 6,000 sq ft retail center on busy Hwy 317 (Lawrenceville/Suwanee Rd) in North East Metro Atlanta. Built in 2005, the property has under ground utilities, under ground storm water retention, 4 side brick construction, etc...Building can be divided into six-1000 sq ft suites. 2004 Traffic counts are 36,000 vehicles/day +/- and the 3 mile average HH income is $86,000/yr +/-. Hwy 317 connects Interstate 85 with Hwy 316 & Hwy 120. This property is being offered at an 8% cap rate or an asking price of $1,385,000. Base lease rates are $19.75/sq ft plus $3.50 CAM. Owner will give a one year master lease on all vacant space at the time of closing. Email me for more info.
J Durham
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