Description
Millpointe Pavilion is a 17,000 square foot shopping center located on a high-traffic main thoroughfare in Hiram, GA, approximately 20 miles northwest of downtown Atlanta. The center has excellent upside potential, as it is currently 52% leased to three tenants, two of which are national (Benchmark Physical Therapy and Ombudsman Educational Services) leaving 3 available spaces. Visibility and exposure are excellent, aided by a large monument sign with a programmable LED panel.
The center has excellent upside potential, as the potential investor has the opportunity to fill the existing 8,000 SF of vacancy to realize a $1,000,000+ profit, and a 30.2% Proforma return.
Hiram, GA is a suburb of the Metro Atlanta MSA, located approximately 25 miles northwest of downtown Atlanta. The center is located on the main retail thoroughfare in Hiram. Within a mile of the center, there is over 840,000+ square feet of retail space, such as Wal-Mart, Sams Club, Super Target, Home Depot, Kroger, Marshalls, Kohls, Michaels, Petsmart, Staples, OfficeMax and Best Buy. A new Lowes is also currently planned for development within the immediate area, located just east of the center.