For Sale
$4,185,000

215 6Th St Moultrie, GA 31768

Georgia Retail Center: High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
136
This 97,075-square-foot shopping center in Moultrie, Georgia, presents a compelling value-add investment opportunity. Anchored by Dollar Tree, Save-A-Lot, and Roses, this multi-tenant property boasts 13 tenants and a strong 95.88% occupancy rate. The asking price is $4,185,000, translating to $43.11 per square foot, and offering a 7.75% cap rate with a current NOI of $324,477. Built in 1960 and extensively renovated in 2020 (including a complete roof replacement with a 20-year warranty), the property sits on a 9.95-acre lot at a prime location on 215 6th St SE, Moultrie, GA 31768. The average weighted rent is $4.16 per square foot, significantly below replacement cost, mitigating risk from new construction. Key tenants, including Roses and Dollar Tree, have options to renew their leases. Approximately 4,000 square feet of vacancy provides upside potential. The property benefits from excellent visibility and serves a diverse, working-class demographic. This investment offers a blend of stability and growth potential in a resilient market. The strong tenant roster, high historical occupancy, and recent renovations contribute to a low-risk profile. The property's location and demographics offer protection against new competition.

Highlights

  • 97,075-square-foot grocery-anchored shopping center.
  • Priced at $42 per square foot.
  • Strong tenant roster including Roses (since 1971), Save-A-Lot (since 2010), and Dollar Tree (new lease).
  • New roof installed in 2020 with a 20-year warranty; Roses recently remodeled.
  • $4.16 per square foot average weighted rent; Roses and Dollar Tree have options to renew.
  • 4,000 square feet of vacancy upside; historically high occupancy.

Property Details for 215 6Th St

Property type
Lifestyle centers, Power centers
Square Feet
97,075 SF
Year Built/Renovated
1960/2020
Lot Size (sq. ft)
433,422 SF

Location Insight

City
Moultrie
County
Colquitt
State
Georgia
Latitude
31.177850106535
Longitude
-83.782250924011

FAQs

What type of property is this?
Lifestyle center - Georgia Retail Center: High Occupancy
Where is the lifestyle center located?
The property is located at 215 6Th St Moultrie, GA.
What is the asking price?
The asking price for this property is $4,185,000.
What are key features of this property?
This property features: 97,075-square-foot grocery-anchored shopping center.; Priced at $42 per square foot.; Strong tenant roster including Roses (since 1971), Save-A-Lot (since 2010), and Dollar Tree (new lease).
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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215 6Th St
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