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Hairston Square -Value Add-ProForma 11.9% CAP 1171-1181 S Hairston Rd 53,310 SF 66% Leased Retail Building Stone Mountain, GA 30088 $5,583,680 CAD ($104.74 CAD/SF) 11.87% Cap Rate

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INVESTMENT HIGHLIGHTS

Significant value-add opportunity through lease-up of 5 vacant units
Roof Replaced Recently
Densely populated, with 256,872 residents within a 5-mile radius

Proforma 11.87% CAP
Anchored by 2 national tenant, Citi Trends & Dollar General

EXECUTIVE SUMMARY

Hairston Plaza is a well-positioned retail center located in a densely populated area with 256,872 residents within a 5-mile radius. The property benefits from a strong consumer base, with an average household income of over $59,000 within a 1-mile radius, projected to grow by 19.08% in the next five years. Anchored by long-term tenants Citi Trends and Dollar General—serving the community since 2000—the center offers a stable tenant mix that attracts consistent foot traffic and customer engagement.
The property boasts high visibility, with traffic counts of 22,122 vehicles per day (VPD) on Redan Road and 16,847 VPD on South Hairston Road. It enjoys a strategic location near major national retailers, including a Kroger-anchored shopping center directly across the street and a Family Dollar-anchored center on the adjacent corner. Additional neighboring retailers such as McDonald's, Walgreens, and Zaxby's contribute to the area's vibrant retail environment, making Hairston Plaza an ideal destination for businesses looking to capitalize on a thriving community.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Supermarket

Building Size

53,310 SF

Building Class

Year Built

1973

Price

$5,583,680 CAD

Price Per SF

$104.74 CAD

Cap Rate

11.87%

NOI

$662,828 CAD

Percent Leased

66%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.19

Lot Size

6.30 AC

Zoning

C1, County - Commercial/Business

Parking

288 Spaces (5.4 Spaces per 1,000 SF Leased)

Frontage

269’ on Hairston Rd

Corner Lot
Dedicated Turn Lane

Pylon Sign
Signage

Signalized Intersection
Tenant Controlled HVAC

Air Conditioning

Retailer
-
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For over 75 years, Citi Trends has been dedicated to bringing fresh and fashionable merchandise to their customers and the communities they serve. Their product offering includes the hottest brands and latest trends of clothing, shoes, accessories, home décor and so much more, making them a convenient one-stop shop for the entire family from infants to adults. They are passionate about delivering quality products at prices less than other stores. Drop into a Citi Trends nearby to browse the latest apparel, accessories, and home trends, for way less spend! Founded in 1946 and headquartered in Savannah, GA.