FOR SALE 5077 Jimmy Lee Smith Parkway, Hiram GA – 100% Fully Occupied Leased Retail Center

 

 5077 Jimmy Lee Smith Parkway, Hiram, GA  30141  Paulding County

 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

100% Fully Leased Neighborhood Retail Center located in Hiram, Georgia in a dense retail area.

Hiram Square II is located along Hiram’s primary retail corridor. The Hiram retail market consists of 138 properties totaling 2.45 million square feet with 9,891 S.F. having been delivered in the past year. The area’s average starting NNN rent per square foot is $15.68.

Hiram Square II is 10,700 SF with Anchor tenants Cheeseburger Bobby’s, Chartwell Staffing Services, and Restoration Physical Therapy.  The property has two entrances. One is accessed from Jimmy Lee Smith Pkwy with right-in/right-out only. The other entrance is via an access road with a traffic light. Jimmy Lee Smith Pkwy is a major divided median thoroughfare connecting the city of Hiram with Dallas, the county seat.

The center is located at 5077 Jimmy Lee Smith Pkwy in Hiram Georgia, 0.75 miles east of the intersection of Jimmy Lee Smith Pkwy and Poplar Springs Rd. The property is 22.6 miles west of downtown Atlanta which equates to a 25.1 mile, 33-minute drive time from downtown Atlanta to property.

INVESTMENT HIGHLIGHTS

  • – Purchase Price: $2,000,000

  • – Square Foot Price: $187

  • – Current NOI: $171,915

  • – CAP Rate on Actual NOI: 8.6%

  • – 10.7% As Is- 5 Year Unleveraged Return

  • – 19.0%- 5 Year Leveraged Return

 

 

 

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