Offering Memorandum Gwinnett County C-2 Zoned Development Site | 4.79 Acres Table of Contents
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OFFERING MEMORANDUM GWINNETT COUNTY C-2 ZONED DEVELOPMENT SITE | 4.79 ACRES TABLE OF CONTENTS Michael WMichael Wess, CCIMess, CCIM EXECUTIVE SUMMARY 3 PPartnerartner, Bull R, Realtyealty MWMWess@[email protected] INVESTMENT HIGHLIGHTS 4 404-876-1640 x150 PROPERTY INFORMATION 5 Andy LundsberLundsbergg SURVEY - 1760 DULUTH HIGHWAY 6 PPartnerartner, Bull R, Realtyealty ALundsberALundsberg@[email protected] SURVEY - 1768 DULUTH HIGHWAY 7 404-876-1640 x107 PARCEL MAP 8 Bull RBull Realtyealty, Inc., Inc. CURB CUTS 9 50 Glenlak50 Glenlake Pe Parkwarkwaayy, Suit, Suite 600e 600 AAtlantlantta, GA 30328a, 30328 AERIALS 10 BullRBullRealtyealty.c.comom 34 TOWNHOME CONCEPT 14 ABOUT THE AREA 15 IN THE AREA 16 DEMAND GENERATORS 17 DEMOGRAPHIC OVERVIEW 19 ATLANTA 20 BROKER PROFILE 22 DISCLAIMER 23 Exclusively listed by Bull Realty, Inc. Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 2 of 24 EXECUTIVE SUMMARY PRPROPEROPERTY DETY DESCRIPSCRIPTIONTION KEY FIGUREFIGURESS This property is conveniently located in Lawrenceville, GA in the center of popular Gwinnett County. With an estimated 3.5 usable acres of the 4.79-acre site, and flexible C-2 zoning, this is an ideal development opportunity in a quickly growing submarket of Atlanta . Prime location near many national retailers, amenities and regional attractions including Sugarloaf 4.79-acre site with an Mills, Infinite Energy Center which hosts concerts and events, two accredited and nationally estimated 3.5 usable acres recognized colleges, easy access to I-85 and less than a 30-minute drive to Downtown Atlanta. Ideal site for townhomes, medical/ LLOCAOCATED NETED NEARBARBYY office use, self-storage, senior living or retail Comprised of two parcels making a medium-sized site for development Excellent, central Gwinnett County location Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 3 of 24 INVESTMENT HIGHLIGHTS PRPROPEROPERTYTY HIGHLIGHTHIGHLIGHTSS • Medium sized tract in Gwinnett County between Lawrenceville and Duluth • 4.79 acres site with an estimated 3.5 usable acres • Frontage on both Duluth Hwy and Sugarloaf Pkwy, but two curb cuts (right-in, right-out) only on Duluth Hwy • Townhomes, medical/office, self-storage, senior living, or build-to-suit retail/service all potential uses • Concept plan for 34 townhomes on page 14 • Traffic counts of 28,200 vehicles per day on Duluth Highway & 34,300 vehicles per day on Sugarloaf Parkway • C-2 zoning: https://bit.ly/3ojfu1F Price | $1,850,000 4.79 Acres Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 4 of 24 PROPERTY INFORMATION GENERALGENERAL Property Address: 1760-1768 Duluth Highway, Lawrenceville, GA 30043 County: C-2 SITESITE Site Size: 4.79 total acres; ±3.5 usable Number of Parcels: 2 Parcel IDs: 1760: R7073-105; 1768: R7073-001A Zoning: C-2 Townhomes, medical/office, self-storage, senior living, or Proposed Use: build-to-suit retail/service Utilities: All onsite Ingress/Egress: 2 (right-in, right-out) Topography: See page 6-7 AREAREAA Traffic Count: 28,200 VPD Duluth Hwy; 34,300 VPD Sugarloaf Pkwy Frontage: 238' on Duluth Highway Ingress/Egress Points: 2 FINANCIALFINANCIAL Price/Acre: $386,221 Sale Price: $1,850,000 Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 5 of 24 SURVEY- 1760 DULUTH HIGHWAY Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 6 of 24 SURVEY - 1768 DULUTH HIGHWAY Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 7 of 24 PARCEL MAP Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 8 of 24 CURB CUTS Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 9 of 24 AERIALS Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 10 of 24 AERIALS Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 11 of 24 AERIALS Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 12 of 24 AERIALS Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 13 of 24 34 TOWNHOME CONCEPT CONCEPT PLAN NOTES 1. THIS CONCEPT WAS PREPARED STRICTLY AND SOLELY BASED UPON INFORMATION IDENTIFIED IN THE PLAN REFERENCES. 2. THE CONCEPT REPRESENTED HEREIN IDENTIFIES A DESIGN CONCEPT RESULTING SOLELY FROM LAYOUT PREFERENCES AND • SiteGUIDANCE will DICTATED need AND IDENTIFIED SOLELY rezoning BY THE CLIENT. THE FEASIBILITY to WITH R-TH RESPECT TO OBTAINING allowing LOCAL, a COUNTY, STATE, AND OTHER APPLICABLE APPROVALS IS NOT WARRANTED, AND CAN ONLY BE ASSESSED AFTER FURTHER EXAMINATION AND VERIFICATION OF APPLICABLE REQUIREMENTS AND THE PROCUREMENT OF ALL NECESSARY JURISDICTIONAL APPROVALS. maximum3. THIS CONCEPTUAL PLAN IS PREPAREDof FOR8 CONCEPTUAL townhomes PRESENTATION PURPOSES, ONLY, AND per IS NOT INTENDED acre TO AND (40-42 SHOULD NOT BE UTILIZED AS A ZONING AND CONSTRUCTION DOCUMENT. 4. THE EXISTING CONDITIONS SHOWN HEREON ARE BASED UPON INFORMATION THAT WAS SUPPLIED TO THE ENGINEER BY THE OWNER AND OTHERS NOT UNDER ENGINEER'S CONTROL, AT THE TIME OF PLAN PREPARATION AND MAY BE SUBJECT TO CHANGE UPON PERFORMANCE OF ADDITIONAL DUE DILIGENCE AND/OR FIELD SURVEY. townhomes5. IT IS STRONGLY RECOMMENDED THAT on A ZONING CONFORMANCEsubject ANALYSIS BE PERFORMEDoffering) TO DETERMINE AND EVALUATE IF THERE ARE ANY RESTRICTIONS AND/OR ZONING ISSUES, CONCERNS OR RESTRICTIONS THAT MAY OR COULD IMPACT THE • ConceptFEASIBILITY OF THIS PROJECTplan AS THE OWNER shows HAS DESCRIBED IT. 34 units being BULK REQUIREMENTS: ALLOWED/REQUIRED PROVIDED constructedMIN. BUILDING SETBACK on subject site’s estimated FRONT SETBACK (NORTH) 50' ≥50' SIDE SETBACK (WEST) 40' ≥40' SIDE SETBACK (EAST) 40' ≥40' usable 3.5 acresREAR SETBACK (SOUTH) 40' ≥40' MIN. LOT SIZE NONE 5.26 AC MAX. # OF UNITS 8 UNITS/ AC = 42 UNITS 34 UNITS PARKING REQUIREMENTS • Plan includes private access68 GARAGE gate, SPACES + 68 DRIVEWAY SPACES 3 OFF STREET SPACES/ DWELLING 102 SPACES + 8 VISITOR SPACES community mailbox, and amenity=144 SPACES area MIN. PARKING SPACE DIMENSIONS 9' X 18' 9' X 18' towardsMAX. BUILDING the HEIGHT front of the35' site,≤ 35'with the majority of the townhomes towards the rear of the site • Concept plan provides for required stormwater management areas towards the rear of the site. It is believed that some of the detention for the site will be able to be exempted due to the proximity of the floodplain, but water quality and/or runoff reduction will likely be required • Concept plan suggests connecting to the existing sewer main on the other side of the stream at the rear of the site crossing the stream. It is not clear yet whether that will need to be an aerial crossing or a jack and bore under the stream H:\2020\GA203082\DRAWINGS\CONCEPTS\GA203082 - CPA 0----->LAYOUT: CONCEPT H:\2020\GA203082\DRAWINGS\CONCEPTS\GA203082 - CPA 0----->LAYOUT: CONCEPT 12/07/2020 | AZ | GA203082 | Rev A0 PROPOSED TOWNHOME DEVELOPMENT 211 PERIMETER CENTER PKWY NE, Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 1440 of1020 240 40 SUITE 425 1"= 40' ATLANTA, GEORGIA 30346 Phone: (678) 695-6800 [email protected] LAWRENCVILLE, GA 30043 | REV. A-0 ABOUT THE AREA GGWINNETWINNETT CT COUNTYOUNTY Gwinnett is a fast-growing, international, diverse suburban destination with a growing reputation for international food and culture, a growing craft beer and brewery scene, greenspace, parks and recreational opportunities and a mix of vibrant and creative downtowns that are hubs of fresh, local dining, family friendly events, live music and open-air markets. Gwinnett’s the home of the award-winning Infinite Energy Center, and four professional sports organizations: the Georgia Swarm, the Atlanta Gladiators, the Gwinnett Stripers and the PGA TOUR Mitsubishi Electric Classic. It also houses the Gwinnett Sports Commission and is the Gwinnett Film Office, working with Georgia’s booming film and television industry. More than 285,000 people are employed by Gwinnett County businesses, which include hundreds of manufacturing and high-tech companies as well as international corporations. Indeed, in 2013, Money magazine ranked Gwinnett County #9 on its list of "where the jobs are." Gwinnett County is also home to Georgia Gwinnett College. GGC opened its doors in 2006 as the first four-year college founded in Georgia in more than 100 years, and the first four-year, public college created inthe U.S. in the 21st century. The county's population in 2010 stood at 805,321, up more than 216,000 residents from the 2000 count of 588,448 (source: U.S. Census Bureau decennial population estimates). Gwinnett County's population is expected to reach one million residents by the year 2022. Gwinnett has many advantages, beginning with its location and road system. The county is just 45 minutes from Hartsfield-Jackson Atlanta International Airport and 30 minutes from downtown Atlanta. Georgia Highway 316 has been extended to Athens, reducing travel time to the University of Georgia to 25 minutes. Gwinnett's infrastructure includes more than 2,750 miles of roadways to provide excellent mobility for our citizens. * Source: https://www.gwinnettcounty.com/web/gwinnett/aboutgwinnett; https://www.exploregwinnett.org/about Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 15 of 24 IN THE AREA DOWNTOWN DULUTH SUGARLOAF MILLS Dreamland BBQ O4W Pizza Good Word Brewing Pure Taqueria Maple Street Biscuit Truck & Tap TPC Sugarloaf Berkeley Hills Country Club DOWNTOWN LAWRENCEVILLE Oyster Bay Seafood Little Barn Local Republic Universal Joint Blue Rooster Bake Shop McCray's Tavern Gwinnett County C-2 Zoned Development Site | 4.79 Acres | Page 16 of 24 DEMAND GENERATORS INFINITE ENERENERGGY CENTERY CENTER Located just off of I-85 and Sugarloaf Parkway, and only 1 mile from the subject property, the Infinite Energy Center is minutes from the outside of Atlanta. The Center’s 90-acre lakefront campus can accommodate a variety of events from concerts, performances, meetings, trade shows, conventions, banquets and celebrations.