19,700 Square Foot Retail Space For Sale @ 1084 North Macon

Marcus & Millichap is pleased to present for sale a 19,700- square foot, multi-tenant shopping center, located in Jesup, Georgia. This 100 percent occupied property boasts strong historical occupancy over the past 10 years. The center consists of national credit tenants including Dollar Tree, Cato, First Franklin Financial, Hibbett Sporting Goods, GameStop and Little Caesars.

This property is a strong trade area, just off Highway 241 adjacent to a 24-Hour Wal-Mart Supercenter. This is the main retail trade area for the community which includes many national retailers such as Taco Bell, CVS, Hardees’s, Walgreens, O’Reilly Auto Parts, Aarons Rent a Center, Advance Auto, Subway, Goodwill, Alltel Communications, Sears, Title Max, K-Mart, etc.

The center is an easy property to own and operate. The property is currently managed locally for an out of state owner. The property manager does a great job and is willing to stay on and manage for the new owner. The property is meticulously maintained with no deferred maintenance; roof is original.

Jesup is located deep in the heart of southeast Georgia, one hour south of Savannah and Hilton Head Island, on the banks of the Altamaha River, and is the county seat for Wayne County.

Sales Info:
■ Cap rate: 8.28%
■ NOI: $212,991

Location Description:
This property is a strong trade area, just off Highway 241 adjacent to a 24-Hour Wal-Mart Supercenter. Jesup is located deep in the heart of southeast Georgia, one hour south of Savannah and Hilton Head Island, on the banks of the Altamaha River, and is the county seat for Wayne County.

Highlights:
■ 100 Percent Occupied
■ 24-Hour Wal-Mart Shadow-Anchored Shopping Center
■ National Credit Tenants
■ NNN Leases
■ Growth Area
■ Traffic Count - 20,240 Cars per Day
■ Strong Historical Occupancy
■ Low Cost Per Square Foot $130.00. Below Replacement Value
■ One Hour South of Hilton Head and Savannah Georgia