215 6Th StMoultrie, GA 31768

  • Retail properties
  • 97,075 SF
For Sale
$4,185,000 View listing

Property Details for 215 6Th St

Year built
1960
Lot size
9.95 AC
Property size (Sq ft)
97,075 SF
Property type
Retail properties
Property subtype
Lifestyle centers

Description

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.

215 6Th St, Moultrie, Georgia

Location Insight

City
Moultrie
County
Colquitt
State
Georgia
Latitude
31.1779
Longitude
-83.7822

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