middle georgia plaza - sale brochure...each office independently owned and operated kwcommercial.com...
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KW COMMERCIAL200 Glenridge Point Pkwy, Suite 100Atlanta, GA 30342 LELAND WHITFIELD
Associate Broker0: [email protected] #108350
CHARLIE GONZALEZAssociateO: 404.531.5700C: [email protected] #361032
MIDDLE GEORGIA PLAZA
GROCERY-ANCHORED CENTER FOR SALE
PRESENTED BY:
COCHRAN, GA
SALE BROCHURE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL200 Glenridge Point Pkwy, Suite 100Atlanta, GA 30342
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
LELAND WHITFIELDAssociate Broker0: [email protected] #108350
CHARLIE GONZALEZAssociateO: 404.531.5700C: [email protected] #361032
OFFERING SUMMARY
SALE PRICE: $2,150,000
CAP RATE: 10.15%
NOI: $218,326
LOT SIZE: 11.26 Acres
BUILDING SIZE: 40,880 SF
RENOVATED: 2019
PRICE / SF: $52.59
PROPERTY OVERVIEWMiddle Georgia Plaza is a Food Depot-anchored, 40,880 SF neighborhoodshopping center that is situated on an 11.26-acre site. The site is ideally positionedalong Cochran's main retail corridor, Dykes Street. The shopping center featureshighly-visible pylon signage and abundant surface parking with ±174 spaces(±4.26/1,000 SF ratio). The shopping center is stabilized and currently 100%occupied. The Food Depot grocery store occupies around 71% of the shoppingcenter. Food Depot invested close to $600,000 in tenant improvements beforeopening the store in March 2020. Pizza Hut is an inline tenant in the shoppingcenter and has operated at the property for 25 plus years. Pizza Hut also recentlyrenovated their space in 2017. The remainder of the inline retail space includes agym, gaming and convenience store, and a music store.
PROPERTY HIGHLIGHTS• Anchored by Food Depot with Guaranteed Income
• 9.5 Years Average Weighted Lease Term
• Middle Georgia State University-Cochran Campus within One Mile
• NNN Asset
• New 20-Year Roof in 2015
140 W Dykes St, Cochran, GA 31014
MIDDLE GEORGIA PLAZA
RETAIL FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL200 Glenridge Point Pkwy, Suite 100Atlanta, GA 30342
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
LELAND WHITFIELDAssociate Broker0: [email protected] #108350
CHARLIE GONZALEZAssociateO: 404.531.5700C: [email protected] #361032
140 W Dykes St, Cochran, GA 31014
MIDDLE GEORGIA PLAZA
RETAIL FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL200 Glenridge Point Pkwy, Suite 100Atlanta, GA 30342
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
LELAND WHITFIELDAssociate Broker0: [email protected] #108350
CHARLIE GONZALEZAssociateO: 404.531.5700C: [email protected] #361032
140 W Dykes St, Cochran, GA 31014
MIDDLE GEORGIA PLAZA
RETAIL FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL200 Glenridge Point Pkwy, Suite 100Atlanta, GA 30342
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
LELAND WHITFIELDAssociate Broker0: [email protected] #108350
CHARLIE GONZALEZAssociateO: 404.531.5700C: [email protected] #361032
POPULATION 1 MILE 5 MILES 10 MILES
Total population 310 6,386 18,557
Median age 40.7 40.4 40.3
Median age (male) 37.4 37.6 39.0
Median age (Female) 41.1 40.6 40.4
HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES
Total households 100 2,094 5,989
# of persons per HH 3.1 3.0 3.1
Average HH income $55,392 $54,467 $50,932
Average house value $111,582 $105,792 $103,401
* Demographic data derived from 2010 US Census
140 W Dykes St, Cochran, GA 31014
MIDDLE GEORGIA PLAZA
RETAIL FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL200 Glenridge Point Pkwy, Suite 100Atlanta, GA 30342
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
LELAND WHITFIELDAssociate Broker0: [email protected] #108350
CHARLIE GONZALEZAssociateO: 404.531.5700C: [email protected] #361032
140 W Dykes St, Cochran, GA 31014
MIDDLE GEORGIA PLAZA
RETAIL FOR SALE