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Mercury New Media, Inc.
Franklin Street is pleased to offer “FOR SALE” this well located former bank location in the suburban Atlanta market of Lawrenceville, GA. The subject property is a +/- 3,629 sq ft, single tenant building, situated on a +/- 0.88 acre site on the high traveled Sugarloaf Parkway.
This building has excellent street exposure on a hard corner and traffic counts on Sugarloaf Parkway are estimated at over 45,000 AADT. Within a 5-mile radius, the population is over 200,000, and growing, with an average household income of $77,894.
This location in Lawrenceville has an abundance of daytime commercial as well as residential traffic with over 66,000 households and 8,000 businesses within a five mile radius. This location has great potential for retail, restaurant and office users looking for great exposure on a major thoroughfare.
Retail tenants in the immediate vicinity include Publix, Zaxby’s, McDonald’s, Marco’s Pizza, Smoothie King, Chase Bank and Auto Zone.
• Excellent hard corner visibility• Over 200,000 residents within a 5-mile radius• Traffic count over 45,000 AADT• Surrounded by business offices and housing
Mount Dora, FL
• Rent Restrictions Lifted Upon Mortgage Payoff Leading to
Significant Rent Upside
• Highly Desirable 1980’s Vintage Concrete Block Construction
with Pitched Roofs
• Strong Unit Mix with 1-, 2-, & 3- Bedroom Floor Plans
• Supply-Constrained Mount Dora Submarket with Significant
Demand for Market-Rate Product
• Well Maintained Property
• Located 1.25 Miles From Downtown Mount Dora, the Historic
and Popular Tourist Destination Just 45 Minutes From Orlando
International Airport Known For its Variety of Antique and
• Across the Street From Lincoln Avenue Community Park,
a 35-acre Recreational Complex Offering Tennis Courts,
Baseball/Softball Fields, Disc Golf Course, Swimming Pool,
Bike Trail, & Dog Park
The Hampton Villas Apartments is a 65-unit multifamily community in Mount Dora, FL. The property was constructed in two phases in 1981 & 1988, with all buildings consisting of concrete block framing and stucco exterior walls. The unit mix consists of 34- 1 Bedroom 1 Bathroom units of 631 square feet, 4- 2 Bedroom 1 Bathroom units of 832 square feet, 4- 2 Bedroom 2 Bathroom units of 925 square feet, 21- 2 Bedroom 1.5 Bathroom units of 965 square feet, and 2- 3 Bedroom 1 Bathroom units of 1080 square feet. Amenities on-site include two laundry facilities and a resident clubhouse. The Hampton Villas Apartments is located just 5 minutes from Downtown Mount Dora, and sits across from the 35-acre Lincoln Avenue Community Park, where residents may enjoy access to 6 tennis courts, 4 baseball/softball fields, 2 racquetball courts, a disc golf course, swimming pool, dog park, and biking trail.
• Located 3.8 Miles From the #1 Rated Beach in the U.S. (TripAdvisor 2018)• Strong Unit Mix Consisting of 50% 2 & 3 Bedroom Floor Plans• Excellent Value-Add Potential as Rents are at the Bottom of the Market• Solid Concrete Block Construction
Spanish Gardens is a 16-unit value-add opportunity located in the heart of Clearwater, Florida. The property was constructed in 1972 with concrete block framing and stucco exterior. The unit mix at Spanish Gardens consists of 8 one-bedroom one-bathroomfloor plans, 6 two-bedroom one-and-a-half-bathroom floor plans, and 2 three-bedroom one-and-a-half-bathroom floor plans.The property is centrally located in Pinellas County, the most densely populated county in the state of Florida. Just a few blocks from the downtown area, residents at Spanish Gardens enjoy convenient access to all that Clearwater has to offer, including its world-renowned beaches.Spanish Gardens is a value-add multifamily opportunity with immediate upside as rents are at the bottom of the market.
Franklin Street presents Clayton Town Center, a 70,682-SF Walmart shadow center in Clayton, North Carolina. The center is located just 10 miles southeast of downtown Raleigh. The property has been recently renovated with new exterior paint, as well as a recent reseal and stripe of the parking lot. The property has a strong national tenant retail lineup with Dollar Tree, Sally Beauty, H&R Block, Liberty Tax, Cricket Wireless and Maurices occupying spaces in the center. Clayton Town Center is well located on the heavily traveled Highway 70 with 39,000 VPD passing by the property. The center has three access points off Highway 70 and a lighted entrance.
The property offers a new investor a value-add opportunity to lease the remaining 27% vacancy and piggyback off the strong leasing momentum. Eleven new leases have been signed in the last two years, creating much better synergy amongst the legacy tenants. Surrounding national retailers include: Walmart Supercenter, Lowes Foods, Food Lion, Starbucks, Family Dollar, among many others, bringing shoppers to this area.
Opportunity to acquire a newly developed Arby’s location in Acworth, GA. Acworth is a northwest suburb of Atlanta, the ninth largest MSA in the country. The site is located off a busy I-75 exit with a Cabelas. Since 2000, Acworth’s population has grown by more than 72 percent, from 13,422 residents in 2000 to an estimated 28,502 in 2016. Acworth has witnessed its commercial tax base increasing from 18 to 37 percent [in the last 15 years] with the residential tax base adjusting from 82 to 63 percent. Acworth has also been ranked the second safest city in Georgia, which is attractive for business growth opportunities in the Atlanta suburb.
INVESTMENT HIGHLIGHTS-New 20-Year corporate ground lease from Arby’s-In the two years after Wendy’s sold Arby’s sales have jumped 16% to $3.6B-Excellent visibility directly off of I-75- 104,000 VPD at this exit-Scheduled rent increases during initial term for leases-Surrounding national tenants include: Publix, Cabelas, Walgreens, McDonald’s, Wendy’s, Sonic, Advance Auto, Family Dollar, among others-Arby’s recently took over ownership of Buffalo Wild Wings in 2018-Arby’s has 3,300+ locations across the World
Pompano Beach, FL
Laurana Apartments is a 10-unit building in Pompano Beach, which is in Broward County. The building was built in 1960 with reinforced concrete, stucco exterior, shingle roof, and sits on .39+/- acres of land.Your tenants and guests are a short bike or uber ride to some of the best bars, restaurants, and shops Pompano Beach has to offer.The investment opportunity offers an excellent unit mix of (4) one bed & one bath and (6) two bed & one bath apartments, totalingapproximately 5,271 RSF.
• Current Rents are 15% Below Market• Value-add Opportunity Located in the Pompano Beach CRA• Seller Replaced All Electric Panels and Updated the Sewer Line• Direct Access to I-95, Atlantis Blvd., and US-1• Close to Beaches, Shopping, and Restaurants
• Less Than Two Miles to Downtown Clearwater• World-Renowned Beaches are Minutes Away Including Caladesi Island, Honeymoon Island and Clearwater Beach, Which Was Just Named “Best Beach in America” by TripAdvisor• Recent Capital Improvements Include Exterior Paint, Re-Sodding, Installation of an Irrigation System, Upgraded Exterior Lighting and Enhancements to the Front and Rear Entries to the Units• Excellent Thoroughfare to the Gulf-to-Bay Boulevard and U.S. Highway 19• Functional Two-Bedroom, One Bath Townhome Floor Plans
Clearwater Oaks offers an investor the opportunity to acquire a classic, 201-unit, multifamily community located in the heart of Clearwater, Florida. The Property consists of 200, 725 square foot townhome units and one 525 square foot studio on a 11.42 acre site. The Property is a townhome community consisting of concrete block walls, floors and roofs. Decorative, pitched shingle roofs were added in 2000. The 23 buildings that house the units are situated in a park-like setting with mature oaks providing shaded areas throughout the Property.The Property is located in the heart of Clearwater, Florida. The downtown area is just minutes from the Property. The proximity to the pristine Gulf of Mexico beaches that are ranked in numerous vacation magazines is unbeatable. These Top-Ranked beaches include Caladesi Island, Honeymoon Island, Clearwater Beach and Sand Key. The closeness of Gulf-to-Bay Boulevard makes the major retail destinations easily accessible, primarily at the interchange with U.S. Highway 19 North. The Property is also in close proximity to Morton Plant Hospital and the Belleair Country Club.
St. Petersburg, FL
Kona Place is a multifamily property located in St. Petersburg, FL. The unit mix at Kona Place consists of 16- 1 Bedroom 1 Bathroom units at 430 square feet. The building was constructed in 1948 of concrete block and flat roofs. The property has recently undergone a complete renovation of the interior and exterior, and features tiled floors, new fixtures and equipment, as well as a new roof, plumbing and all new windows.Residents at Kona Place enjoy being across the street from Bartlett Park Park and the Frank H Pierce Recreation Center, which features football, basketball and tennis courts, as well as a playground for children. The property is 2.4 miles to I-275, and just 2 miles to the heart of Downtown St. Petersburg. Kona Place offers the investor a turn-key asset in a high-growth market with stable cash flows priced significantly below replacement cost.
• Entire Property Completely Renovated in 2017 Including:- New Electrical- New Plumbing- New Roof- All Units Have New Bathrooms, Kitchens and Tile Floors- All New Windows• Current In-Place Cap Rate of 7.75%• Great Visibility on 22nd Ave S and Across the Street from Bartlett Park and Frank Pierce Recreation Center• Located 2.5 Miles From Downtown St. Petersburg
• Value-Add Triplex in A+ Hyde Park Location• Centrally Located to Hyde Park Village, Downtown Tampa, & SoHo Entertainment District• Rents Significantly Below Market with Immediate Upside
The Historic Newport Ave Apartments represent an incredibly unique opportunity to acquire a value-add triplex in Tampa's most desirable location! The property was constructed in 1923 of wood frame and features pitched roofs. The unit mix at 305 S Newport Ave consists of 1- 3Bdr 3Bath unit of ~1,552 square feet, 1- 1Bdr 1Bath of ~870sf , and 1- 1Bdr 1Bath of ~502sf. The rents are significantly below market allowing an investor to achieve hundreds of dollars in rent increases without any renovation necessary. The property is located in a premier Hyde Park urban infill location, centrally located to shopping, dining, and entertainment destinations found in Hyde Park Village, Downtown Tampa, and the SoHo entertainment district. Residents at 305 S Newport Ave enjoy access to a shared washer/dryer located in a covered shed behind the property. Residents pay for their own electricity, but currently enjoy complimentary water/sewer which is paid by the landlord. The Historic Newport Ave Apartments is a true value-add opportunity in Tampa's desirable Hyde Park District.
1006 Greenwood Avenue is a charming 8-unit apartment building built in 1920 and located in the popular Virginia Highlands neighborhood of Atlanta. Virginia Highlands is one of Atlanta's most sought-after neighborhoods due to its close proximity to restaurants, shopping, parks, the Atlanta Beltline, Ponce City Market, and Freedom Parkway. Multifamily continues to experience low market vacancy and rapidly rising rents with the limited multifamily development in the neighborhood.1006 Greenwood Avenue features an even mix of Large 1Bedroom 1Bathroom units and Studio apartments that are in extreme demand. These large units have additional space for storage and or an office and feature large balconies and central heat and air. Common amenities include on and off street parking, controlled access entry and on site laundry. The current ownership has recently raised the rent on a few units while remaining 100% occupied, illustrating the additional upside for an investor to continue to push rents to market.
• Recent Rental Increases on New Leases• NOI Increase - 6.82% CAP• 100% Occupied• Low Market Vacancy• Below Market Rents