Prime Office + Retail Net Lease Investment | Gainesville, GA
Sands Investment Group is Pleased to Present For Sale the Prime Office + Retail Net Retail Flex Absolute NNN Located in Gainesville, Georgia. This Deal Includes a Single Tenant Absolute NNN Opportunity With a New 20 Year Lease With Rare 2% Annual Increases, Providing For a Unique Investment.
- Single Tenant Absolute NNN Opportunity With a New 20 Year Lease With Rare 2% Annual Increases
- Featuring Low, Below Market Rent at $22/SF Giving Added Security For Investor
- Completely Renovated Building With Significant Capex Invested Showing Long Term Commitment
- The Pandemic Has Disrupted the Office Sector and the Need For Flex Workspaces is Increasing Rapidly With Projections Showing 30% of the Market By 2030
- Experienced Operator Strategically Located Where Growth is Occurring-Suburban Vibrant Centers, Directly Addressing the Growing Demand For the Hybrid Work Model
- Limited Coworking Competition in Gainesville Which is a Growing City With Above Average Incomes and Estimated Daytime Population of More Than 100,000 Residents
- THRIVE is a Strong, Attractive Flex Workspace Brand With a Robust Development Pipeline and Systematic, Data-Driven Approach to Revenue Optimization and National Growth
- THRIVE’S Unique, Profitable Business Model Takes Advantage of Multiple Revenue Drivers Maximizing Per SF Space Utilization and All Revenue Categories Exceed Pre-Covid Levels (Up 44% – 62% Across Locations)
- Downtown Gainesville is a Thriving Live, Work and Play Area For Families and Tourists Alike; Recognized By Two Publications as Among the Top 10 Nationwide in Economic Development For its Size
- Investment of Over $200 Million in Retail, Restaurants, Housing and Office Space in Downtown Gainesville Since 2018 Due to the Downtown Strategic Development Plan
- Improving Access to the Downtown Area From Surrounding Neighborhoods Has Allowed New Business to Take Advantage of Infill and Re-Development Opportunities, Including a New Conference Center
In Cooperation With Sands Investment Group Atlanta, LLC Lic. # 67374
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