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17 Monroe HwyWinder, GA 30680

Grocery-anchored retail center in Winder, GA

Overview

Added:
Dec 11, 2024
Days on market:
115
Winder Corners Shopping Center, located at 17 Monroe Hwy, Winder, GA 30680, presents a compelling investment opportunity. This 164,592-square-foot retail center boasts a 95.2% occupancy rate and sits on a substantial 24.5-acre lot with 1,500 feet of frontage on Monroe Highway. Built in 1994, the center is anchored by Publix, a dominant Southeastern grocery chain, whose lease has recently been extended through 2034 with options. Other key tenants include Beall's, UPS Store, GNC, Cato, and Anytime Fitness, representing a mix of national and local businesses. The center's diverse tenant mix occupies 24 suites. The property benefits from its location in rapidly growing Barrow County, less than three miles from GA-316, a major thoroughfare connecting Atlanta and Athens. Originally anchored by Publix and Kmart, the Kmart space has been subdivided to accommodate additional tenants. The current rent roll shows a significant discount to market rates, presenting an attractive value proposition for investors. The high volume of traffic and prominent location make this a strong retail investment. The property's size and tenant mix offer a stable income stream with significant upside potential. Annual visits to the shopping center are estimated at 1,500,000.

Highlights

  • Publix-anchored center with a new 10-year lease extending to 2034.
  • Publix has occupied this location for over 30 years.
  • Located in Winder, GA, a rapidly growing community with a doubling of the Barrow County population since 2000 and numerous planned residential developments adding nearly 1,000 homes.
  • 24.5-acre site with 1,500 feet of frontage on Monroe Highway, receiving 1.5 million annual visits.
  • Attractive rental rates at $12.28 PSF, representing a 50% discount to market, with 68% of revenue from national tenants, offering a below-replacement-cost investment opportunity.

Property Details for 17 Monroe Hwy

Property type
Lifestyle centers, Power centers
Square Feet
164,592 SF
Year Built
1994
Lot Size (sq. ft)
1,067,220 SF

Location Insight

City
Winder
County
Barrow
State
Georgia
Latitude
33.9812177
Longitude
-83.7137698
17 Monroe Hwy, Winder, Georgia

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17 Monroe Hwy
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