Aerial photo Hardee’s 630 BUFORD DRIVE, LAWRENCEVILLE, Ga - METRO ATLANTA Lawrenceville Market Lawrenceville Crossings Phoenix High School Buford Drive (32,280 Cars / Day) Former Hardee’s Location Gwinett County Airport 8
Location overview Hardee’s 630 BUFORD DRIVE, LAWRENCEVILLE, Ga - METRO ATLANTA IMMEDIATE TRADE AREA Hardee’s is strategically located at the heavily travelled corner of Buford Drive (30,280 Cars / Day) and Hurricane Shoals Road (19,991 Cars / Day). Buford Drive is one of Lawrenceville’s main arterial road and carries significant traffic volumes from Georgia Highway 316 (71,997 Cars / Day). The subject property’s location on the going home side of Georgia Highway 316 provides convenient access for evening commuters. The site also has the advantages of being the only quickservice restaurant located along Buford Drive south of Georgia Highway 316 and a location in a strong retail trade area. The Georgia Department of Transportation is currently planning to build a new Georgia Highway 316 off ramp that will place the subject property at the foot of this addition. The construction of a Race Trac gas next to the subject property will further enhance the site’s ability to capture local traffic. The subject property is 0.5-miles east of the Lawrenceville Crossings (368,757 SF) shopping center. This complex is anchored by a Walmart Supercenter, has Kohl’s as a co-anchor tenant, and includes a Gamestop outparcel. Hardee’s is also 2.0miles east of Home Depot and Target anchored Lawrenceville Market (704,480 SF) shopping center. Additional retailers in Lawrenceville Market include Marshalls, Hobby Lobby, an AMC Theatres 18-screen movie theater, Chili’s, and Panera Bread. A Publix Supermarket, Staples, Longhorn Steakhouse, and Mellow Mushroom are located across from Lawrenceville Market. Additional nationally known tenants representing a wide breadth of industries such as Chik-fil-A, Wells Fargo, Burger King, CVS, Bank of America, Papa John’s, Family Dollar, McDonald’s, and Waffle House are also located near the site. The site is also 1.3miles southeast of Georgia Gwinnett College (8,400 Students). Phoenix High School (490 Students) is located 1.7-miles southwest of Hardee’s. The residential area surrounding the subject property is made up of mostly established single family home neighborhoods. The average annual household income within a 3-mile radius of the subject property is $95,181. The residential population within a 3-mile radius has grown 23.6% between 2000 and 2010. This growth is expected to continue with a 6.7% increase between 2010 and 2015. Consumer spending on food away from home is projected to grow by 11.4 % within 3-miles of the site during the same 5-year period. LAWRENCEVILLE, GA / GWINNETT COUNTY Lawrenceville, GA is a city in and the county seat of Gwinnett County (Population: 805,321). Lawrenceville currently has a population of 28,546 and has a sustained history of brisk growth. The city’s population increased by 27.5% in the 2000s and has met or exceed that number in every decade since the 1960s. Gwinnet County has undergone comparable growth, adding 36.9% to its population in the 2000s. County population has grown at a minimum of 34.7% since the 1960s. A key driver to recent growth in Gwinnett County has been the Research and Development Corridor along Highway 316 between Norcross and Lawrenceville. This development has drawn numerous global corporations to the area. Cisco Systems currently maintains significant operations near Lawrenceville. Atlanta Biologicals is also based there. Norcross is also home to the Siemens International southeast regional office and Saab USA. Federal Express is planning to construct a 50 acre distribution site in Norcross. NCR Corporation is headquartered in nearby Duluth. Both Norcross and Duluth are immediately west of Lawrenceville. ATLANTA-SANDY SPRINGS-MARIETTA, GA MSA The Atlanta metropolitan area, or metro Atlanta, is officially designated by the United States Census Bureau as the Atlanta-Sandy Springs-Marietta Metropolitan Statistical Area, and is the most populous metro area in the U.S. state of Georgia and the9th largest metropolitan statistical area (MSA) in the United States. In addition to Atlanta, Georgia's capital and largest city, the Atlanta metropolitan area spans 28 counties in north Georgia and has a total 2010 population of 5,268,860, a 28.13% increase from 2000. With a gross metropolitan product of $270 billion, Atlanta's economy ranks 15 th among world cities and 6 th in the nation. As such, a Globalization and World Cities Study Group and Network at Loughborough University has labeled the metro Atlanta area as an “Alpha- World City” based on how the city externally impacts the world through advanced producer services in accountancy, advertising, banking, finance, and law . Several major national and international companies are headquartered in metro Atlanta such as The Coca-Cola Company; Home Depot; United Parcel Service; Delta Air Lines; AT&T Mobility; and Newell Rubbermaid. 4 of these companies have Fortune 100 status. Other major corporate headquarters in Atlanta and around the metro area include Arby's, Chick-fil-A, Earthlink, Equifax, First Data, Gentiva Health Services, Georgia-Pacific, NCR, Oxford Industries, RaceTrac Petroleum, Southern Company, Mirant, and Waffle House. The MSA also has a sizable financial sector. The Federal Reserve has its district headquarters in Atlanta and Sun Trust, the 7 th largest bank in the U.S. by assets, held is based there. The metro area is a major transportation hub, too. Hartsfield–Jackson Atlanta International Airport, the world’s busiest airport, is located 7 miles south of the Atlanta central business district. Interstate 75, which extends from Tampa, FL north to Canada, passes through the center of the city. Interstates 85 and 20 also intersect in Atlanta. These amenities have lured corporations such as Ford Motor Company, Publix, Kellog’s, Toys r Us, Office Depot, and GE Appliance to locate major distribution centers in the area, and in the outside of Atlanta. 9
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