Listed by Sands Investment Group, Sands Investment Group Austin
Unpriced
Former Lazy Dog - Peachtree Corners (Atlanta MSA), GA
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 8,300
Occupancy 100%
Tenancy Single
Year Built 2019
Acreage 0.580
Ground Lease No
Second Generation Restaurant | For Sale or Lease | Atlanta MSA
Marketing description
Sands Investment Group is pleased to exclusively offer 5224 Peachtree Parkway, an 8,300 SF freestanding former Lazy Dog restaurant available for sale or lease in Peachtree Corners, Georgia. Built in 2019 on a 0.58-acre parcel, the property offers a rare vacant restaurant opportunity along one of Gwinnett County’s strongest suburban retail corridors. The building is well-positioned for an incoming restaurant operator, owner-user, investor, or developer looking to control a high-profile box in an affluent Atlanta submarket. The opportunity centers on the real estate itself, which is a newer second-generation restaurant building with strong surrounding co-tenancy, affluent demographics, and immediate flexibility for an owner-user, tenant, investor, or developer to occupy, lease, reposition, or stabilize the property.
Investment highlights
- Available For Sale or Lease: Vacant former Lazy Dog restaurant with immediate owner-user, tenant, investor, or developer flexibility.
- Newer Freestanding Restaurant Building: 8,300 SF building constructed in 2019 on a 0.58-acre parcel.
- Second-Generation Restaurant Opportunity: Former national casual dining restaurant layout may reduce buildout costs and opening timeline compared with a raw shell.
- High-Barrier Atlanta Submarket: Located in Peachtree Corners, Gwinnett County's largest city, and the only northern Atlanta suburb developed as a planned community.
- Premier Retail Corridor Positioning: Located along Peachtree Parkway near Peachtree Corners Town Center and The Forum, two of the area's primary dining, retail, and community draws.
- Strong Affluent Demographics: 69,219 residents within 3 miles and 224,923 residents within 5 miles, with an average household income of $142,000 within 3 miles.
- Excellent Traffic Drivers: Peachtree Parkway sees approximately 50,947 vehicles per day, with additional traffic from nearby Peachtree Industrial Boulevard, Medlock Bridge Road, and Spalding Drive.
- Dense Daytime Employment Base: Peachtree Corners is supported by nearby office parks, technology firms, engineering groups, logistics companies, healthcare users, and corporate headquarters.
- Surrounded By National Retailers and Restaurants: Nearby retailers include Trader Joe's, Sprouts Farmers Market, HomeGoods, CAVA, First Watch, Chipotle, Wendy's, Taco Bell, Dunkin', CVS, and more.
- Flexible Reuse Potential: Strong fit for a full-service restaurant, upscale casual dining concept, sports bar, entertainment venue, food hall, brewery/taproom, medical use, fitness/wellness concept, showroom, or retail repositioning, subject to zoning, parking, and municipal approval.
- Multiple Exit Strategies: Occupy the building, lease to a new tenant, create a stabilized NNN investment, or reposition the asset for a broader retail or mixed-use strategy.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Austin
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Zoning
MUD MixedMixed UseMixed Use Development District
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