2922 Watson Blvd Centerville, GA 31028

This exceptional 480,808 square foot shopping center in Centerville, Georgia presents a compelling investment opportunity. Located at 2922 Watson Blvd, 31028, this Class B, multi-tenant property boasts a 94% occupancy rate and a strong NOI of $3,050,869, yielding an attractive 11.70% cap rate. The asking price is $26,000,000, translating to $54.08 per square foot. Built in 1994 on a 50.82-acre lot, the property offers fee simple ownership. Recent successful anchor repositioning, including the addition of Conn's Home Plus and Crunch Fitness, demonstrates the center's adaptability and potential for future growth. The property benefits from its location within a robust retail corridor, featuring over 50,000 vehicles per day and proximity to major retailers such as Walmart, Target, Kroger, and more. Further enhancing its appeal, the adjacent construction of a 156-unit multifamily development, Abbington at Galleria, is expected to drive increased foot traffic and further solidify the center's position within the market. This property offers a unique blend of established success and future growth potential, making it an ideal investment for discerning buyers seeking a core+ asset with significant upside. The 100% ownership structure provides flexibility for repositioning or redevelopment.