Newly Constructed Retail | Significant Value-Add Opportunity
Multi-Tenant Retail Opportunity in One of Georgia's Fastest Growing Counties
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire Town Creek Center. The subject property is a newly constructed, multi-tenant retail strip center located at 10172 Dallas Acworth Hwy in Dallas, Georgia. Built in 2024, the property consists of five buildings for a total of approximately 35,213 square feet on 5.69 acres. Positioned along one of Paulding County’s strongest retail corridors, the center benefits from exceptional visibility and over 700 feet of direct frontage on Dallas Acworth Hwy, with traffic counts exceeding 25,000 vehicles per day.
The property is currently 72% occupied and features a strong mix of essential service and lifestyle tenants, including Firehouse Subs, Dallas Acworth Chiropractic, Pediatric Dental Specialists of Acworth, Homebound Apparel, Eggs Up Grill, Taco T (with Drive-Thru), Pita Mediterranean, Rio Nail Spa, and Sip Sip Boba & Smoothie. The existing tenancy provides stable in-place income while offering significant upside through the lease-up of approximately 9,888 square feet of vacant space. The center’s modern construction, attractive storefront design, multiple buildings, and ample parking space enhance its long-term leasing appeal.
Town Creek Center is within one-mile of Allatoona High School (1,600+ Students), Crossroads Middle School (900+ Students), Roland W Russom Elementary School (980+ Students), and Pickett’s Mill Elementary Schools (730+ Students), providing consistent traffic to the subject property. The surrounding retail corridor includes Kroger, Chipotle, Starbucks, Dunkin Donuts, Shell Gas Station, Wing Stop, and More! Within a three-mile radius, the property benefits from an average household income of approximately $149,088 and a median home value exceeding $366,999, underscoring the area’s affluent suburban demographics.
This offering presents a rare opportunity to acquire a newly delivered retail asset in a high-growth submarket with strong demographics, excellent visibility, and substantial upside potential through lease-up.
Investment highlights
Rare Opportunity to Purchase a Newly Constructed, Unanchored, Multi- Tenant Retail Strip Center
Current Tenancy is Occupied With Essential Service Retail and Medical Tenants Including a Firehouse Subs, Dallas Acworth Chiropractic, Pediatric Dental Specialists of Acworth, Homebound Apparel, Eggs Up Grill, Taco T (With Drive-Thru), Pita Mediterranean, Rio Nail Spa, and Sip Sip Boba & Smoothie.
The Property Sits on 5.69 Acres and Consists of Five (5) Retail Properties for a Total of 35,213 NRSF of Retail Units
Tremendous Upside Potential With 15,598 SF of Vacancy With an Ideal Unit Size of 1500 – 3300 SF
Situated in one of the fastest Growing Areas of Paulding County in one of the Strongest Rent Corridors Leasing up new Units to $28/SF + NNN
The Subject Property Benefits From Ideal Location off SR 92/Dallas Acworth Hwy and Excellent Demographics
The Site has Excellent Exposure and Frontage on Dallas Acworth Hwy (SR 92) Frontage and Trafic Counts Exceeding 25,000 Vehicles per day – Totaling Over 370 Feet of
Within a Three-Mile Radius, the Property Benefits From an Average Household Income of Approximately $149,088 and a Median Home Value Exceeding $366,999, Underscoring the Area’s Affluent Suburban Demographics
3-Mile Population has Grown by 42% Since 2010, up to 39,543 Residents in 2025
The 3-Mile Population is Expected to Continue Another 6% by 2030, Anticipating a Population of 42,038
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