1050 Richard D. Sailors Pky
Powder Springs, GA 30127
Powder Springs Center - Home Depot Outparcel · Retail Property For Sale

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.