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Thomaston Value-Add Portfolio

1025 US-19, Thomaston, GA 30286

Listing Price: $9,750,000

Cap Rate
7.30%
Gross SF
182,343
Rentable SF
182,343
Price/Gross SF
$53.47
Lot Size
47.91 acres
Year Built
2001

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.

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

Exclusively Listed By

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

  • David E. Gant

    First Vice President Investments

    (954) 245-3446

    Email David

    License(s): FL: SL 671779, NC: LC153

    Fort Lauderdale

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Shopping Community

Thomaston Value-Add Portfolio

Listing Price: $9,750,000

Cap Rate
7.30%
Gross SF
182,343
Rentable SF
182,343
Price/Gross SF
$53.47
Lot Size
47.91 acres
Year Built
2001

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.

Exclusively Listed By

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

  • David E. Gant

    First Vice President Investments

    (954) 245-3446

    Email David

    License(s): FL: SL 671779, NC: LC153

    Fort Lauderdale

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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