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907 S PARK ST SUITE D Carrollton GA 30117

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Details
Property Type Retail
Sub Type Shopping Center
Building SqFt 17,767
Year Built 1972
Days on Market ******
Latitude 33.5629
Longitude -85.0756

Property History

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Property Type
Property Type
Retail
Property Subtype
Shopping Center
Marketing Description

South Park Plaza is a rare, value-add, two-building, multi-tenant retail/office center located in Carrollton, Georgia (Atlanta MSA). Conveniently located on U.S. Highway 27 (31,400 VPD), Carrollton’s busiest retail corridor, the center is perfectly positioned just north of major retailers, including Publix, Belk, Target, Hobby Lobby, and Kroger. It is also in close proximity to the city’s largest employer, Southwire, with 7,500 employees. Furthermore, the center is located .5 miles from Tanner Medical Center, a 181-bed acute care hospital serving the residents of West Georgia and East Alabama.

South Park Plaza is 79% leased to a solid lineup of healthcare and service / destination-oriented tenants, including Piedmont Healthcare, Benchmark Physical Therapy, and many others. The 907 building was developed in 1972 and renovated in 2005; the 909 building was constructed in 2005. The 909 building is an attractive strip center with significant upside potential as it currently offers 2,643 SF of vacancy and is 77% occupied. The 907 building features small walk-in office spaces with a common hallway that ranges from 540 to 1,500 square feet. The 907 building is currently 82% occupied, again allowing for significant upside potential. The subject property offers an opportunity to re-position or re-lease a well-located, strategically placed piece of real estate.

South Park Plaza benefits from steady fundamentals and a growing population; the average household income within a 1-mile radius of the property exceeds $81,000. The subject property is in proximity to the University of West Georgia (12,700+ students), Tanner Medical Center (181+ beds), and Southwire (7,500+ employees).

Carrollton, part of the Atlanta MSA, is located 45 miles west of downtown Atlanta. As the county seat of Carroll County, it serves as the commercial center for several surrounding counties in both Georgia and Alabama.

Investment Highlights

Steady Demographics & Growing Population: Nearly 45,000 people live within a 5-mile radius, with average household incomes exceeding $76,000 annually. The population is expected to increase by 2.0% over the next 5 years.

Healthcare Anchored: Subject Property is home to a mix of essential, internet-resistant names including Piedmont Healthcare and Benchmark Physical Therapy.

Easy Accessibility on Busy Thoroughfare: Great access and visibility on Carrollton’s busiest retail corridor. More than 33,400 cars travel daily through the intersection of U.S. 27 and GA-166.

Atlanta MSA Advantage

More than half of Georgia’s population now lives and works in the MSA, which is home to more than six million people. Georgia is ranked as the #2 state with the Top Business Climate in the U.S. (Site Selection Magazine).

Atlanta’s strong population growth and favorable business climate render it a consistent above-average performer. The metro area’s economic diversity and current development steam will keep Atlanta on track to continue outperforming the nation over the long term.

Atlanta is ranked as the second fastest growing MSA in the nation.

Twenty-five metro Atlanta headquartered firms are among America’s largest corporations qualifying as the Fortune 1000, of which 16 rank among the Fortune 500.

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
HK
Henry Kushner PRO
•••.•••.9840
•••••.•••hner@••••••••.com
Brokerage logo
Listing removed on
 BY:
JM
Joseph Montgomery
•••.•••.5514
•••.••••••mery@••••••••.com
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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Carrollton, GA median rent ********
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National median ********
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Carrollton, GA (this market)
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