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Powder Springs Center

$4,400,000

1050 Richard D. Sailors Pkwy, Powder Springs, GA 30127

Active
Last Updated: 08/27/2026

6.47

Cap Rate

284,674

NOI

Details:
Cap Rate:    6.47%
NOI:    $284,674
Building Size:    15,050 sqft
Lot Area:    1.65 acres
Occupancy:    90.7%
Year Built:    2008
Parking Spots:    94
Highlights:
  • 15,050 SF Streetfront Retail Strip in the Booming Atlanta MSA
  • Excellent Visibility on Richard D Sailors Pkwy: 31,000 VPD
  • Significant Mark to Market Opportunity for Expiring Leases: 4.81% 10 Year CAGR
  • Densely Populated Suburb: 119,000+ residents within 5 mile radius
  • Adjacent to Other Traffic Generating Retailers: Home Depot, Publix, Autozone, Advance Auto, Walgreens, among others
  • Replaceable Rents: $20.42 average rent per square foot across the rent roll
  • Affluent Bedroom Community to Atlanta: $134,000+ household incomes
Description:

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.

Nestled in the southwestern corner of Cobb County, Georgia, Powder Springs is a vibrant, growing city that seamlessly blends a rich historical legacy with modern suburban appeal. Over the past decade, the city has experienced steady growth, evolving from a population of 13,940 during the 2010 census to 16,887 by the 2020 census. This upward trajectory highlights the area's increasing popularity among families and professionals looking for a welcoming community just outside the bustling metropolitan hub of Atlanta.

Geographically, Powder Springs covers a total area of 7.2 square miles. The city enjoys a strategic location that provides both a quiet, small-town atmosphere and excellent regional connectivity. U.S. Route 278, locally known as C.H. James Parkway, serves as a primary arterial road passing just west of the city’s center. This major thoroughfare connects residents directly to neighboring communities, leading five miles southeast to the city of Austell and 11 miles northwest to Dallas, Georgia. For commuters and those seeking the amenities of a major urban center, Downtown Atlanta is conveniently located just 22 miles to the east, easily accessible via U.S. Route 278 and Interstate 20.

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