Search
 

Vacant Eckerd Store Trades for Premium $246 Per SF

SUGAR HILL, GA-About 25 miles northeast of Downtown Atlanta, Pecos Management LLC purchases the 11,336-sf property for $2.78 million and a 7.3% cap rate.

By Alex Finkelstein | Updated on August 04, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

SUGAR HILL, GA-Pecos Management LLC of Atlanta has acquired a vacant 11,336-sf Eckerd drug store site from Suwanee Sun Properties Ltd. of Boca Raton, FL for $2.78 million or about $246 per sf. The per-sf price is believed by area brokers to be one of the highest per-sf price for a retail property this year in Metro Atlanta. The purchase price represents a 7.3% cap rate.

The sale was completed just as Kangaroo Bobs LLC of Kennesaw was subleasing the nine-year-old property for use as a children’s play and party center at 5900 Suwanee Dam Rd., Marcus & Millichap broker Tim Giambrone tells GlobeSt.com. Kangaroo Bobs operates a similar business at 4335 Bells Ferry Rd. in Kennesaw.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.