Hiram Square | Atlanta MSA — Sale in Hiram, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Hiram, GA 30141

Photos

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Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

HIRAM SQUARE | ATLANTA MSA • Hiram Square is a 28,270 SF unanchored retail strip center positioned in Hiram, GA, a dense and growing northwest Atlanta suburb. • The center features a strong internet-resistant mix of restaurant, fitness, beauty, wireless, and service-based tenants • Located in Hiram’s primary retail corridor, seeing 40K VPD, and surrounded by 2.1M+ SF of retail inventory • The Jimmy Lee Smith Pkwy retail corridor sees 14M+ combined visits per year • Hiram Square is the number 1 most visited strip center on Jimmy Lee Smith Pkwy DAILY NEEDS TENANT MIX | LEASING MOMENTUM • The center features a strong internet-resistant mix of restaurant, fitness, beauty, wireless, and service-based tenants • The tenant mix is destination-driven, creating repeat customer traffic • Recent leasing activity has fully occupied the property with new tenants like American Deli, Green Tomato Buffet, and Shwarma King • Proven leasing momentum and foot traffic to the center demonstrate tenant demand and reduced downtime risk RENT GROWTH • Average in-place rent is 12% below market rents of $24.10 (Costar) • 70% of the center has contractual rent bumps in their initial terms and options, giving the buyer the ability to grow income over time HIGH-TRAFFIC RETAIL CORRIDOR | JIMME LEE SMITH PKWY (40K VPD) • Located in Hiram, GA’s primary retail corridor, surrounded by 2.1M+ SF of retail inventory • Jimmy Lee Smith Parkway is the primary artery connecting the west Atlanta Suburbs (Austell, Powder Springs, Hiram, Dallas, etc.) • The center has seen a 24% YOY growth in visitations due to recent leasing activity • Placer.ai data: • The combined visits for the Jimmy Lee Smith Pkwy totals more than 14M visits per year • Hiram Square is the number 1 most visited strip center on Jimmy Lee Smith Pkwy • The Center ranks in the top 5% in Georgia and the top 10% nationwide in strip center visits • Hiram Square ranks 9/333 strip centers in a 30-mile radius (Includes the Cobb, Marietta, Roswell, Ke

Market Context

This retail in Hiram, GA is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Hiram, GA — view the full market.

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