For Sale
$3,900,000

3709 Gentian Blvd Columbus, GA 31907

High-Occupancy Shopping Center in Columbus, GA

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 20,363 square foot, fully leased shopping center in Columbus, Georgia. Boasting 100% occupancy with a diverse tenant mix including Rising Flour, China Star, and others, this property offers a strong, stable income stream. The center underwent a complete renovation in 2021, featuring all new electrical, mechanical, lighting, storefronts, sewer, HVAC, and a brand-new TPO roof. Each of the twelve units benefits from a new 3-ton HVAC system. Situated on a 1.74-acre lot (APN 069-011-001) with a daily traffic count averaging approximately 10,480 vehicles, the property enjoys excellent visibility and accessibility near Manchester Expressway, Columbus State University, and Peachtree Mall. The asking price is $3,900,000, representing a price per square foot of $191.52 and a 6.68% cap rate with a current NOI of $260,415. All leases are NNN, and the rents average $13.34 per square foot NNN, below market rates. The property is zoned GC and features a single-story building constructed in 1984. An assumable loan balance is available. This is a prime opportunity for investors seeking a stable, high-performing retail asset in a desirable location. The property's location on the Columbus Fall Line Trace ("Dragon Fly Trail") further enhances its appeal.

Highlights

  • Fully leased, 20,363 SF shopping center in Columbus, GA with 100% occupancy.
  • NNN leases averaging $13.34/SF, below market rates.
  • Assumable loan available.
  • High daily traffic count of approximately 10,480 vehicles.
  • Excellent location near Manchester Expressway, Columbus State University, and Peachtree Mall, situated on the Columbus Fall Line Trace.

Property Details for 3709 Gentian Blvd

Property type
Lifestyle centers, Power centers
Square Feet
20,363 SF
Year Built/Renovated
1984/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
75,794 SF
Units
12

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.5081667
Longitude
-84.9331117

FAQs

What type of property is this?
Lifestyle center - High-Occupancy Shopping Center in Columbus, GA
Where is the lifestyle center located?
The property is located at 3709 Gentian Blvd Columbus, GA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Fully leased, 20,363 SF shopping center in Columbus, GA with 100% occupancy.; NNN leases averaging $13.34/SF, below market rates.; Assumable loan available.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3709 Gentian Blvd
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