2250 Pelican Dr Nw

STATE OF GEORGIA COUNTY OF GWINNETT NOTICE OF FORECLOSURE SALE UNDER POWER Under and by virtue of the Power of Sale contained in a Deed to Secure Debt given by 5TH STREET PELICAN, LLC, a Georgia limited liability company to TRED IV, LLC, a Delaware limited liability company, dated October 10, 2025, recorded in Deed Book 62123, at Page 786, in the Office of the Clerk of Superior Court of Gwinnett County, Georgia Records, conveying the after-described real property to secure a Note in the original principal amount of NINE MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($9,500,000.00), with interest thereon at the rate as set forth therein, there will be sold by the undersigned at public outcry to the highest bidder for cash before the courthouse door of Gwinnett County, Georgia within the legal hours of sale on the first Tuesday in June, being the 2nd day of June, 2026, the following described real property (the "Property"): PARCEL I: ALL THAT TRACT or parcel of land lying and being in Land Lot 223 of the 6th District of Gwinnett County, Georgia and being more particularly described as follows: BEGINNING at an iron pin set on the southwesterly right-of-way line of Pelican Drive (having a 60 foot right-of-way width) located 20.00 feet and on a bearing of South 45 degrees, 54 minutes and 15 seconds East from a point located at the intersection formed by the extension of the southwesterly right-of-way line of last said road and the southeasterly right-of-way line of Best Friend Road (having an 80 foot right-of-way width); thence running along the southwesterly right-of-way line of said Pelican Drive South 45 degrees, 54 minutes and 15 seconds East for a distance of 78.24 feet to a point; thence continuing along the southwesterly right-of-way line of last said road 55.46 feet along an arc of a curve to the left having a radius of 602.96 feet, which arc is subtended by a chord bearing and distance of South 48 degrees, 32 minutes and 23 seconds East 55.44 feet to a point; thence continuing along the southwesterly right-of-way line of last said road South 51 degrees, 10 minutes and 30 seconds East for a distance of 84.45 feet to an iron pin set; thence leaving the southwesterly right-of-way line of last said road and running South 38 degrees, 49 minutes and 30 seconds West for a distance of 337.04 feet to an iron pin set; thence North 51 degrees, 10 minutes and 30 seconds West for a distance of 269.82 feet to an iron pin set located on the southeasterly right-of-way line of said Best Friend Road (having an 80 foot right-of-way width); thence running along the southeasterly right-of-way line of last said road North 44 degrees, 05 minutes and 45 seconds East for a distance of 330.09 feet to an iron pin set; thence 31.42 feet along an arc of a curve to the right having a radius of 20.00 feet, which arc is subtended by a chord bearing and distance of North 89 degrees, 05 minutes and 45 seconds East 28.28 feet to the iron pin set located on the POINT OF BEGINNING, containing 86,357 square feet or 1.9825 acres of land. PARCEL II: ALL THAT TRACT or parcel of land lying and being in Land Lot 223 of the 6th District of Gwinnett County, Georgia and being more particularly described as follows: To find the POINT OF BEGINNING, commence from a point formed by the extension of the southeasterly right-of-way line of Best Friend Road (having an 80 foot right-of-way width) with the southwesterly right-of-way line of Pelican Drive (having a 60 foot right-of-way width); thence running along the extension of the southwesterly right-of-way line of last said road South 45 degrees, 54 minutes and 15 seconds East for a distance of 20.00 feet to a point; thence running along the southwesterly right-of-way line South 45 degrees, 54 minutes and 15 seconds East for a distance of 78.24 feet to a point; thence continuing along the southwesterly right-of-way line of last said road 55.46 feet along an arc of a curve to the left having a radius of 602.96 feet, which arc is subtended by a chord bearing and distance of South 48 degrees, 32 minutes and 23 seconds East 55.44 feet to a point; thence continuing along the southwesterly right-of-way line of last said road South 51 degrees, 10 minutes and 30 seconds East for a distance of 84.45 feet to an iron pin set located at the POINT OF BEGINNING. From the POINT OF BEGINNING as thus established, thence continuing along the southwesterly right-of-way line of last said road South 51 degrees, 10 minutes and 30 seconds East for a distance of 197.50 feet to an iron pin set; thence leaving the southwesterly right-of-way line of last said road and running South 38 degrees, 49 minutes and 30 seconds West for a distance of 451.95 feet to an iron pin set located on the northeasterly right-of-way line of Brook Hollow Road (having a 100 foot right-of-way width); thence running along the northeasterly right-of-way line of last said road 203.52 feet having a radius of 681.00 feet, which arc is subtended by a chord bearing and distance of North 64 degrees, 15 minutes and 12 seconds West 202.76 feet to an iron pin set; thence leaving the northeasterly right-of-way line of last said road and running North 38 degrees, 49 minutes and 30 seconds East for a distance of 497.83 feet to the iron pin set located at the POINT OF BEGINNING, containing 92,764 square feet or 2.1296 acres of land. The above-described property is improved property located at 2250 Pelican Drive, Norcross, Gwinnett County, Georgia 30071, according to the present system of numbering property in Gwinnett County, Georgia. TOGETHER WITH all the improvements and fixtures now erected on or affixed to the Property, and all easements, rights, appurtenances, and rents, and all other assets included as Property defined in the Deed to Secure Debt, all of which shall be deemed to be and remain a part of the Property. The debt secured by said Deed to Secure Debt has been and is hereby declared due because of, among other possible events of default, failure to pay the indebtedness as and when due and in the manner provided in the Note and Deed to Secure Debt. The debt remaining in default, this sale will be made for the purpose of applying the proceeds thereof as provided in the Deed to Secure Debt and pursuant to applicable law, including paying the same and all expenses of this sale, as provided in the Deed to Secure Debt and by law, including attorneys' fees (notice of intent to collect attorneys' fees having been given). Said Property will be sold subject to (a) any outstanding ad valorem taxes (including taxes which are a lien, but not yet due and payable), (b) unpaid water and sewage bills that constitute a lien against the Property whether due and payable or not yet due and payable and which may not be of record, (c) the right of redemption of any taxing authority, (d) any matters which might be disclosed by an accurate survey and inspection of the Property, (e) all matters of record superior to the Deed to Secure Debt first set out above, including, but not limited to, assessments, liens, encumbrances, zoning ordinances, easements, restrictions, and/or covenants, (f) rights and obligations of parties in possession, as tenants only, under unrecorded leases or agreements with no rights of first refusal or options to purchase, and (g) all other, if any, easements, limitations, reservations, covenants, restrictions, deeds to secure debt, liens and other encumbrances and matters of public record to which the Deed to Secure Debt is junior and subordinate in terms of priority under the laws of the State of Georgia. TRED IV, LLC, a Delaware limited liability company, is the secured creditor under the Deed to Secure Debt and loan being foreclosed. The following entity shall have full authority to negotiate, amend, and modify all terms of the above-described Deed to Secure Debt and associated notes on behalf of TRED IV, LLC: Arnall Golden Gregory LLP 171 17th Street NW, Suite 2100 Atlanta, GA 30363 Attn: Nick Passarello Telephone: (404) 873-8568 TRED IV, LLC is not required by law to negotiate, amend, or modify the terms of the loan or mortgage instrument. To the best knowledge and belief of the undersigned, the party in possession of the Property is 5TH STREET PELICAN, LLC or a tenant or tenants and said Property is more commonly known as 2250 Pelican Drive, Norcross, Georgia 30071. The sale will be conducted subject to (1) confirmation that the sale is not prohibited under the U.S. Bankruptcy Code and (2) final confirmation and audit of the status of the loan with the holder of the Deed to Secure Debt. The undersigned reserves the right, in its sole discretion, to postpone, continue, or cancel the sale at any time prior to the sale. Notice of such postponement, continuation, or cancellation shall be given by announcement at the time and place of sale or any scheduled sale date, and no other notice shall be required. The Property will be sold on an as is, where is basis without recourse against the holder of the Deed to Secure Debt and without representation or warranty of any kind or nature whatsoever with respect thereto, with no assurance afforded as to the exact acreage of the Property. The undersigned may sell the Property or any part of the Property in such manner and order as the holder of the Deed to Secure Debt may elect and may sell that portion of the Property which, under the laws of the State of Georgia, constitutes an estate or interest in real estate separately from that portion of the Property which, under the laws of the State of Georgia, constitutes personalty and not an interest in the real estate, in which case separate bids will be taken therefor, or collectively in a single sale or lot, in which case a single bid will be taken therefor. Notice of the undersigneds intent shall be given by announcement made at the commencement of the public sale. The undersigned will execute a Deed Under Power to the purchaser as authorized by the aforementioned Deed to Secure Debt. Pursuant to O.C.G.A. ? 9-13-172.1, which allows for certain procedures regarding the rescission of judicial and nonjudicial sales in the State of Georgia, the Deed Under Power and other foreclosure documents may not be provided until final confirmation and audit of the status of the loan as provided in the two preceding paragraphs. The notice to Borrower, pursuant to O.C.G.A. ? 44-14-162.2, has been provided by the holder of the Deed to Secure Debt to Borrower in accordance with said O.C.G.A. ? 44-14-162.2. The recitals set forth hereinabove are hereby incorporated in and made a part of this Notice of Foreclosure Sale Under Power. Nothing contained herein shall be deemed to constitute a waiver of any rights or remedies available to the holder of the Deed to Secure Debt, whether at law, in equity, or under the Deed to Secure Debt and related loan documents, all of which are expressly reserved. The holder of the Deed to Secure Debt expressly reserves the right to pursue a deficiency judgment against the Borrower and any guarantors to the fullest extent permitted by applicable law, including O.C.G.A. ? 44-14-161. Present holder of said Deed to Secure Debt, TRED IV, LLC, as Attorney-In-Fact for 5TH STREET PELICAN, LLC By its attorneys: /Nicholas Passarello/ Nicholas Passarello, Esq. ARNALL GOLDEN GREGORY LLP 171 17th Street NW, Suite 2100 Atlanta, Georgia 30363 (404) 873-8568 5/6,13,20,27,2026