Building Details

Year Built 2001

Stories 1

Tenancy Multi

Listing Agency: RESMA LLC

Listed By: Alejandro Silbestein · License #BK 3376033

Source: Crexi

Added: Apr 17 Changed: Oct 11 Last Checked: Oct 16 at 8:07AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RESMA LLC

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Investment Insights

Based on property information with market context.

This strip retail center contains 10,400 square feet and was built in 2001. The property is described as shadow-anchored by Kroger and is reported to be 100% occupied under NNN lease terms.

Located at 4043 Marietta Hwy in Canton, Georgia, the center is positioned within the Atlanta MSA. The reported cap rate is 6.25%.

Key Highlights

• 10,400‑square‑foot strip retail center built in 2001
• Kroger shadow‑anchored retail property
• 100% occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$146,280

Cap Rate

3.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,925,600 $2.9M

Cap Rate 7%

$2,089,714 $2.1M

Cap Rate 9%

$1,625,333 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,400 SF

Gross rent

$228.4K $21.96/SF

− Vacancy

−$19.4K −$1.87/SF

EGI

$209.0K $20.09/SF

− OpEx

−$62.7K −$6.03/SF

NOI

$146.3K $14.07/SF

Area

Cherokee County, GA

Vacancy

8.50%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,925,600

Cap Rate 7%

$2,089,714

Cap Rate 9%

$1,625,333

Alternative Uses

Best Use

Retail

$2.09M

$1.83M – $2.44M (±1% cap)

NOI $146,280 @ 7.0% cap · market cap 3.83%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.92M

$2.56M – $3.41M (±1% cap)

NOI $204,422 @ 7.0% cap · market cap 5.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Strip malls

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency Hair Salon Building Supply Garden Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

322

Businesses Nearby

228k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 38% Groceries 31% Shops & Services 30% Beauty & Spa 1%

Kroger Groceries

40,698 visits/mo 0.2 miles

Publix Groceries

30,242 visits/mo 0.3 miles

McDonald's Dining

22,947 visits/mo 0.2 miles

Kroger Fuel Center Shops & Services

19,200 visits/mo 0.3 miles

Dollar Tree Shops & Services

13,972 visits/mo 0.5 miles

Demographics for 30114, GA

59,139

Population

22,259

Households

2.7

Avg Household Size

37

Median Age

35%

College-Educated

87%

High-School Grad

95.2 sq mi

ZIP Area

621

Density / Sq Mi

$97,684

Median Household Income

$47,257

Median Earnings

$1,654

Median Rent

$408,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - The fully occupied center operates under NNN leases and benefits from a Kroger shadow anchor.

Where is this strip mall located?

The property is located at 4043 Marietta Hwy Canton, GA.

What is the asking price?

The asking price for this property is $3,821,157.

What are key features of this property?

This property features: 10,400‑square‑foot strip retail center built in 2001; Kroger shadow‑anchored retail property; 100% occupied