Investment Overview

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 receivership 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% DENSE, AFFLUENT, AND RAPIDLY GROWING DEMOGRAPHICS