5600 Milgen RdColumbus, GA 31907

Exceptional investment opportunity: Manchester Square, a 174,459 square foot grocery-anchored shopping center located at 5600 Milgen Rd, Columbus, GA 31907. This property offers a compelling 8.18% cap rate and a strong net operating income (NOI) of $1,137,547, with 100% occupancy. The center features a diverse mix of national and regional tenants, including Food Depot (a corporate lease extending to 2031, with rent increasing to $3.50 PSF on 7/8/26), Ollie's Bargain Outlet (showing a highly profitable rent/sales ratio of 4.17% and approximately $4 million in annual sales), O'Reilly Auto Parts, Planet Fitness, and Family Dollar. The property sits on a 22.02-acre lot and benefits from a high-traffic location at the intersection of Woodruff Farm Road and Milgen Road (13,180 vehicles per day). Recent roof replacements have been completed. The strong tenant base, coupled with the potential for outparcel development and proximity to established residential areas, makes this a highly attractive investment opportunity in the thriving Columbus, GA market. The asking price is $13,900,000, representing a price per square foot of $79.67. The property was built in 1988 and consists of one building. This is a triple net (NN+) lease with multiple tenants.