Fischer Marketplace
Closed4957 E. Hwy 34, Sharpsburg, GA 30277
Property type
Retail
Price
Market to Determine
Building size
70,134 sf
Rentable area
70,134 SF
Year built
2025
Year renovated
Occupancy
100%
Zoning code
Lot size
10.42 Acres
Sold/status
Sold · Date unknown
Net Operating Income
$1,687,515
Property description
Fischer Marketplace is a new construction Publix-anchored center in the Atlanta suburb Sharpsburg. The Atlanta MSA is now the 6th largest MSA in the United States, with 6.3 million residents. Sharpsburg is located 25 miles south of Atlanta, offering residents a lower cost of living with a high quality of life. Sharpsburg and its neighboring Peachtree City offer a convenient location, plentiful housing options, highly regarded schools, and a top-notch health care system. Sharpsburg/Peachtree City is home to many of the employees of Hartsfield Jackson, the world's busiest airport, due to its convenient interstate access on the southside of Atlanta. This has allowed the surrounding area to have some of the highest average household incomes in all of the southern Atlanta MSA. Coweta County, where the property is located, has consistently been ranked as one of the fastest growing counties in the country. Driven by manufacturing and industrial job growth along I-85, Coweta has averaged 1.74% annual population growth. Fischer Marketplace consists of a Publix with drive-thru pharmacy and 21,750 SF of shop space. The shop space is made up of a carefully curated mixture of national and regional restaurants and service tenants. All shop tenants outside of Great Clips, have signed 10+ Year leases, giving outstanding stability to the rent roll. The center comes with outparcels Gusto!, Heartland Dental, and an Andy's Frozen Custard ground lease. Fischer Marketplace's shop tenants all have scheduled rent increases throughout their terms and options, with most having 10% increases every 5 years or 3% annual increases. Unlike most new construction Publix centers, this property was built at a mature intersection with Sam's Club, Costco, and Floor & Decor on the four corners with numerous national outparcel users. Publix has performed very well on the Southside of Atlanta, with the 3 closest stores all doing $45M+ in sales. Publix is also the dominant grocer in the Southeast, totaling more than double the next closest competitors (Kroger) annual visits to their stores. Publix makes up 69% of the total square footage of the center and has a 20-year lease, providing stability to the center. Fischer Marketplace has outstanding visibility along Highway 34 and four access points, including two lighted entrances. The center has significant upgraded architecture features throughout the property due to the municipality's building standards including landscaping, parking features, and building materials.
Property highlights
- New Construction 70,134 SF Publix-Anchored Shopping Center
- Mature Intersection: Costco ($200M+), Sam's Club ($115M+), Floor & Decor, and Piedmont Healthcare
- Affluent Atlanta Submarket: $166,000+ HHI in 3-Mile Radius
- National Shop Tenants: Heartland Dental, Maple Street Biscuit, Great Clips, Andy's Frozen Custard, Gusto!, Nothing Bundt Cakes and Jersey Mike's
- Stable Income Stream: 15+ Year WALT & 89% of Income Stream Coming From National Tenants
- Located 1 Mile From Peachtree City's Major Retail Intersection: The Avenue (Lifestyle Center), Home Depot, Walmart, TJX, Home Goods, Best Buy, Michaels, among many others
- Excellent Visibility: 44,900 VPD on Highway 34
- Inherent Upside on Andy's Frozen Custard Ground Lease: Rent $112,500 vs. $150K-180K+ Build-to-Suit Rents For QSRs on Corridor
- Part of Cohesive Development: Floor & Decor, Piedmont Healthcare, Whataburger, Chase Bank, Miller's Ale House, La Parrilla