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1202 S Park St
Carrollton, GA 30117
Harbor Freight · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 15-year net lease with option periods, creating a stable, long-term investment
- Scheduled rental increases every five years, providing a hedge against inflation.
- Minutes from the Tanner Medical Center/Carrollton (181 beds) and the University of West Georgia (over 13,000 students and faculty members)
- Harbor Freight Tools is one of the nation’s fastest-growing retailers with 1,300+ stores nationwide, 23,000+ employees, & 40 milllion+ customers.
- High-visibility location with access to a combined 61,500 vehicles per day along Highway 166 South Bypass and US Highway 27, providing easy access
EXECUTIVE SUMMARY
The property is located only one mile away from the Southwire Company, LLC headquarters, which occupies over 1.2 million square feet of space, making it an excellent location for businesses that cater to industrial and manufacturing workers. The property is supported by a population of 44,374 within five miles after a 16% growth since 2010 and is situated in Carrollton, a growing city and suburb within the populous Atlanta Metro area. The average annual household income within one mile of the site is $94,691 and is projected to grow 14% by 2028, making it an ideal location for businesses that cater to high-income earners.
The property is situated in a growing community with a diverse range of industries and businesses, including construction, manufacturing, and automotive repair, making it an excellent location for businesses that cater to these industries. Home improvement and hardware stores were among the top retail categories in Carrollton in 2020, with residents spending approximately $22 million out of a total retail spending of $245 million, which is an excellent opportunity for businesses in this category. Approximately 58.5% of housing units in Carrollton, Georgia, were built before 2000, indicating a need for businesses that cater to homeowners who may require renovation, remodeling, or repair services.
The property is situated in a growing community with a diverse range of industries and businesses, including construction, manufacturing, and automotive repair, making it an excellent location for businesses that cater to these industries. Home improvement and hardware stores were among the top retail categories in Carrollton in 2020, with residents spending approximately $22 million out of a total retail spending of $245 million, which is an excellent opportunity for businesses in this category. Approximately 58.5% of housing units in Carrollton, Georgia, were built before 2000, indicating a need for businesses that cater to homeowners who may require renovation, remodeling, or repair services.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
19,714 SF
Building Class
B
Year Built/Renovated
2005/2023
Price
$6,517,431 CAD
Price Per SF
$330.60 CAD
Cap Rate
6.25%
NOI
$407,315 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
2.28 AC
Zoning
002
PROPERTY TAXES
| Parcel Number | C06-0100054 | Improvements Assessment | $558,076 CAD |
| Land Assessment | $90,529 CAD | Total Assessment | $648,605 CAD |
PROPERTY TAXES
Parcel Number
C06-0100054
Land Assessment
$90,529 CAD
Improvements Assessment
$558,076 CAD
Total Assessment
$648,605 CAD
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