215 6Th StMoultrie, GA 31768

Property Details for 215 6Th St

Year built

1960

Lot size

9.95 AC

Property size (Sq ft)

97,075 SF

Property type

Lifestyle centers

Property subtype

Power 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.

Location Insight

City

Moultrie

County

Colquitt

State

Georgia

Latitude

31.1779

Longitude

-83.7822

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