This property has sold.

Details: Retail

Square Feet: 123,948 SF

NOI: $689,000

SOLD – Lakeshore Crossing

1514 Skelton Rd, Gainesville, GA


  • NOI: $689,000
  • 123,948sf
  • 23 years operating history at this location
  • 93% of gross rents come from Lowe’s
  • Lowe’s is responsible for contracting and billing for CAM
  • Shadow Center of Wal-Mart Supercenter with strong sales history
  • New roof installed in 2011 with 15 year warranty
  • Only Lowe’s location in the Gainesville Market
  • Annual NOI growth starting in year 1
  • Below market rental rate for Lowe’s and small shops
  • Neighborhood Lakeshore Mall recently brought in Dick’s Sporting Good and is scheduled for redevelopment

This property has sold.