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Thomaston Value-Add Portfolio
1025 US-19, Thomaston, GA 30286
Listing Price: $9,750,000
Investment Overview
This value add portfolio is comprised of Thomaston South, an 80% occupied 51,600 square foot Walmart shadow anchored center and Thomaston North which includes a 45.7% occupied 26,258 square foot shopping center, adjacent vacant land, and a Home Depot ground lease. These offerings are all located on the main thoroughfare in Thomaston, Georgia. Thomaston is 1.2 hours from the Hartsfield Atlanta International airport, world’s second busiest airport. It is within 60 miles of three of Georgia's major cities: Atlanta, Macon and Columbus. This portfolio is being sold by the developer, it is its first time to market. The properties may be purchased together or separately.
Thomaston Value-Add Portfolio
Investment Highlights
- This Portfolio is Comprised of a Walmart Shadow Anchored Center and a Home Depot Ground Lease Anchored Center with ~20 Acres of Excess Land
- Value Add Opportunity with Over 20% Vacancy of Thomaston South and 54% Vacancy of Thomaston North
- Fraction of Replacement Cost at $53.47 Per Square Foot of Building and $203,500 Per Acre of Land
Listing Price: $9,750,000
Investment Highlights
- This Portfolio is Comprised of a Walmart Shadow Anchored Center and a Home Depot Ground Lease Anchored Center with ~20 Acres of Excess Land
- Value Add Opportunity with Over 20% Vacancy of Thomaston South and 54% Vacancy of Thomaston North
- Fraction of Replacement Cost at $53.47 Per Square Foot of Building and $203,500 Per Acre of Land
Investment Overview
This value add portfolio is comprised of Thomaston South, an 80% occupied 51,600 square foot Walmart shadow anchored center and Thomaston North which includes a 45.7% occupied 26,258 square foot shopping center, adjacent vacant land, and a Home Depot ground lease. These offerings are all located on the main thoroughfare in Thomaston, Georgia. Thomaston is 1.2 hours from the Hartsfield Atlanta International airport, world’s second busiest airport. It is within 60 miles of three of Georgia's major cities: Atlanta, Macon and Columbus. This portfolio is being sold by the developer, it is its first time to market. The properties may be purchased together or separately.
