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Powder Springs Center - Home Depot Outparcel 1050 Richard D. Sailors Pky 15,050 SF 91% Leased Retail Building Powder Springs, GA 30127 $6,115,956 CAD ($406.38 CAD/SF) 6.47% Cap Rate
Investment Highlights
- Excellent Visibility on Richard D Sailors Pkwy: 31,000 VPD
- Densely Populated Suburb: 119,000+ residents within 5 mile radius
- Affluent Bedroom Community to Atlanta: $134,000+ household incomes
- Significant Mark to Market Opportunity for Expiring Leases: 4.81% 10 Year CAGR
- Replaceable Rents: $20.42 average rent per square foot across the rent roll
Executive Summary
Franklin Street is pleased to present Powder Springs Center in Powder Springs, Georgia. Powder Springs is a northwest suburb in the Atlanta MSA, 20 miles from the core of Atlanta. The Atlanta MSA has grown to the 6th largest in the country with over 6.5 million residents and growing. The center is 15,050 SF and offers the upside of a 1,400 SF vacant unit. The center sits on an outparcel to Home Depot and Extra Space Storage, and adjacent to a Publix anchored shopping center all driving traffic to this location. The newer leases on the rent roll have all been executed at a $5-7 PSF premium to the historical tenants that have been in the center 5+ years, offering significant mark to market opportunities for a new investor as leases roll over. The tenancy is a mixture of service based tenants include medical, hair, nail, spa, and tutoring bringing constant traffic to the center. The Powder Springs submarket is made up of customers with strong household incomes ($134k) and household net worth ($1.3M), allowing for disposable incomes for the retailers.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,050 SF
Building Class
B
Year Built
2008
Price
$6,115,956 CAD
Price Per SF
$406.38 CAD
Cap Rate
6.47%
NOI
$395,694 CAD
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.65 AC
Zoning
CRC
Parking
94 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
404’ on Richard D. Sailors Pky
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dominican Hair Salon
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
-
- Educational Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Mathnasium began in 2002 when Larry Martinek, David Ullendorff, and Peter Markovitz launched a math-only learning center to close gaps between classroom instruction and student understanding. The company focuses on supplemental math education for K-12 students, using diagnostic assessments to build personalized learning plans and support each student's pace and skill level. Mathnasium serves families through a broad network of learning centers and online tutoring, with a method centered on strengthening math foundations, confidence, and problem-solving skills.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dominican Hair Salon | - | - | - | Lorem Ipsum | Jan 0000 | |
|
|
Educational Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 200
- 1,400 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 200 | 1,400 SF | Retail | - | Now |
200
| Size |
| 1,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-0829-0-001-0 | Improvements Assessment | $396,887 CAD |
| Land Assessment | $560,872 CAD | Total Assessment | $957,759 CAD |
Property Taxes
Parcel Number
19-0829-0-001-0
Land Assessment
$560,872 CAD
Improvements Assessment
$396,887 CAD
Total Assessment
$957,759 CAD
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Powder Springs Center - Home Depot Outparcel | 1050 Richard D. Sailors Pky
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