Cap Rate
6.1%
Tot. SF
44,656
2991 Cole Ct, Norcross, GA, 30071
• Below replacement cost offering at $63.82 per rentable foot
• Currently no online advertising being done, presenting opportunity to increase marketing spend and lease vacant units
• The 3-mile trade area is projected to grow from 80,140 to 84,528 residents, along with 2,824 new housing starts projected within 5-miles
• Average household incomes above $105,000 in a 1-mile radius and over $91,000 in a 3-mile radius
• Extremely minimal tenant insurance income being collected – approximately $13k in NOI available
• Surrounded by national retailers and neighborhoods, with significant commercial and residential development underway nearby




