FOR SALE: 1805 Hembree Rd in Alpharetta, GA

Colliers is pleased to offer qualified investors the opportunity to acquire a rare, retail / flex strip center in the booming, globally recognized Atlanta Suburb, Alpharetta, GA. The subject property is comprised of six (6) tenants, totaling ±11,642 SF. Investors will benefit from suite sizes ranging from 1,000 SF to as large as 4,500 SF, attracting a diverse range of tenant profiles. Additionally, the average rent in the center is $13.35 PSF. According to costar analytics, rents for strip centers in the Alpharetta / Roswell submarket average $26.67 PSF. The center features 100%, e-commerce resistant, service oriented tenant mix. Tenants include Harrison Motorsports, a BMW specific repair and advanced performance tuning and motorsport upgrade facility, Enterprise Rent- A-Car, Prime Golf Carts Dealership and repairs, and more.

The Atlanta MSA has experienced outstanding growth, as it’s the sixth-largest MSA in the nation. Furthermore, the Atlanta MSA is the third fastest-growing region in the country. According to the Atlanta Regional Commission, the population of Atlanta will grow to 7.9 million by 2050. Additionally, the powerhouse Atlanta market is projected to grow by an additional 850,000 jobs by 2050. Alpharetta is an affluent, suburb, approximately a 35-minute drive time to Atlanta. Alpharetta has been ranked as in the top 25 of the best suburbs to live in in the US. Alpharetta is ranked 6th in the state of Georgia for fastest growing home prices.