Eastgate Plaza shopping center, Americus, Ga.
Property Highlights
- 44,365 square feet retail space
- Sav-A-Lot signed 7-year lease in 2010
- Price: $1,900,000; $43 per square foot
- Existing $1.2M loan to be assumed at 5.85% fixed rate
- Offered at 8.52% cap rate on income at 86.26% occupancy
- Easy ingress and egress from three major streets
- Tenants in place: Sav-A-Lot, AutoZone, Family Dollar, Shoe Show, Tobacco Outlet, nail salon
- 4.12 acre site; parking lot newly striped and resealed
- $727,087 equity requirement
- Site bounded by Manhattan, Lamar and Forsyth streets
- Located on US Hwy. 280 with other popular retail sites
- 9.61% cash on cash rate of return
Property Description
44,365 square foot shopping center. Current tenants: Sav-A-Lot,AutoZone, Family Dollar, Shoe Show, Tobacco Outlet and Pro-Nail salon. Sav-A-Lot super market signed a 7-year lease in 2010. 4.12 acre site. Parking lot recently restriped and resealed. Financial overview and rent roll available from Michael Dixon Realty, 229-924-3089. Email: michael@michaeldixonrealty.com. Request marketing package be emailed to you.For Sale
$1,900,000
MLS#: N.A.
NOI: $161,874
CAP: 8.52% (projected)
Square Feet:
44365
Lot Size:
4.12 acres
Year Built:
1980
