Powers Ferry Shopping Center is an excellent opportunity for an investor to acquire a 100% leased, newer construction, multi-tenant shopping center, in a high traffic area just north of Atlanta. The property consist of 25,878 square feet, configured into 8 suites on 2 stories. The building was constructed in 2009, with quality finishes and accents, and is situated on approximately 3.51 acres. This is one of the nicer retail centers in the area, with strong tenants. Tenants include CVS, Subway, Porter Pizza, Pro Balance Fitness, Family Dentistry, a day spa, a dry cleaners, and a Brazilian wax parlor.
The location is also strong, as the property sits on a highly trafficked corner, with 35,000 cars passing per day. The property benefits from having superb visibility from the road, and easy access due to a traffic light and multiple entrances/exits. This is a busy retail area, with the property being located across from a Publix anchored center. There are banks, restaurants, gas stations, a hotel and other retail in the immediate area. This is an established area, with a 5 mile population of 213,625 people, and an average income of $129,575. This continues to be a growing area of metro Atlanta, with population expected to grow by 8.37% over the next 5 years, while average income is expected to grow by 10.62% over the same time.