Category: Commercial
Type: For Sale

Eastgate Plaza shopping center, Americus, Ga.

• 44,365 square feet retail space
• Sav-A-Lot super market signed a 7-year lease in 2010
• Price: $1,900,000; $42.83 per square foot
• Existing $1,160,000 loan to be assumed at 5.85% fixed rate, due 8/2014
• 2012 NOI $171,174
• Offered at 9.01 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, Pro-Nail salon
• 4.12 acre site; parking lot newly striped and resealed
• Site bounded by Manhattan, Lamar and Forsyth streets
• Located on US Hwy. 280 with other popular retail sites
• 10.70% cash on cash rate of return
• 13.40% total return

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 available from Michael Dixon Realty, 229-924-3089. Email: michael@michaeldixonrealty.com. Request marketing package be emailed to you.

Listing firm: Prudential California Realty, 805-689-2429. Listing agent: Mitch Stark, CA DRE: 01196532 

 

Michael Dixon
168 Sherwood Road
31709
Americus
GA

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