Hiram Square | REO Auction

Investment Highlights

HIRAM SQUARE
• The subject property is a 27,930 square foot strip center in a dense, affluent, and growing suburb of Atlanta
• The strip center is REO without professional management for many years, which is the reason it is currently 73% occupied
• National/Franchisee tenants include Mellow Mushroom, Yogli Mogli, and Burn Boot Camp
• High Traffic Retail Corridor | 39,600 VPD
• Immediate Value Add Opportunity

HIGH TRAFFIC RETAIL CORRIDOR
• The property is positioned on Jimmy Lee Smith Parkway (39,600 VPD) which is the main retail corridor of Hiram
• 2.3m square feet of retail along the Jimmy Lee Smith Parkway corridor
• Surrounding tenants include: Target, Walmart, Sam’s Club, Home Depot, Aldi, and many more.

IMMEDIATE UPSIDE OPPORTUNITY
• The property has been in r eceivership for many years without proper management of the center
• The current average rental rate is $17/SF, which is below market
• If you lease the vacant space at $18/SF NNN, you can increase your NOI by 67%