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Shopping Strip

Auction - Grocery Anchored Retail Center | Double Digit Cap Rate

140 W Dykes St, Cochran, GA 31014

Listing Price: $400,000

Gross SF
40,880
Rentable SF
40,880
Price/Gross SF
$9.78
Lot Size
11.26 acres
Year Built
1992

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are proud to offer Middle Georgia Plaza (the “Property”), a grocery anchored multi-tenant neighborhood retail shopping center located at 140 W Dykes Street in Cochran, Georgia. The Property consists of a single-story building totaling ±40,880 square feet positioned on an expansive ±11.26-acre parcel of land. The Property offers 198 surface parking spaces, visibility from Dykes Street, monument signage, and multiple points of ingress/egress. The Property is currently ±100% occupied by several strong tenants including Food Depot, Pizza Hut, Cricket Wireless, and a gym. Cochran is located 40 miles from Macon and serves as the county seat for Bleckley County, Georgia. The city is home to Middle Georgia State University, a public university with its main campus in Macon. The Property is ideally positioned with direct access and visibility along W Dykes Street with traffic counts of 6,993 vehicles per day. The Property is positioned within close proximity to numerous national retailers including Walmart, O’Reilly Auto Parts, Dollar Tree, Advance Auto Parts, Citizens Bank, Family Dollar, McDonald’s, and more. The Property benefits from an expanded trade area with ±20,117 people and an avg household income of ±$59,708 within a 10-mile radius.

Investment Highlights

  • STARTING BID $400,000 | DOUBLE DIGIT CAP RATE | AUCTION JUNE 5-7, 2023
  • ±40,880 Square Foot Grocery Anchored Retail Center Located in Cochran, Georgia
  • Prime Retail Corridor including Walmart, O'Reilly Auto Parts, Dollar Tree, Advance Auto Parts, Citizens Bank, Family Dollar, McDonald's, and more
  • Oversized Parking Lot and Parcel with Opportunity for Future Pad Development
  • Positioned Near Industrial Demand Drivers and Established Residential Communities | ±40 Miles South of Macon

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Shopping Strip

Auction - Grocery Anchored Retail Center | Double Digit Cap Rate

Listing Price: $400,000

Gross SF
40,880
Rentable SF
40,880
Price/Gross SF
$9.78
Lot Size
11.26 acres
Year Built
1992

Investment Highlights

  • STARTING BID $400,000 | DOUBLE DIGIT CAP RATE | AUCTION JUNE 5-7, 2023
  • ±40,880 Square Foot Grocery Anchored Retail Center Located in Cochran, Georgia
  • Prime Retail Corridor including Walmart, O'Reilly Auto Parts, Dollar Tree, Advance Auto Parts, Citizens Bank, Family Dollar, McDonald's, and more
  • Oversized Parking Lot and Parcel with Opportunity for Future Pad Development
  • Positioned Near Industrial Demand Drivers and Established Residential Communities | ±40 Miles South of Macon

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are proud to offer Middle Georgia Plaza (the “Property”), a grocery anchored multi-tenant neighborhood retail shopping center located at 140 W Dykes Street in Cochran, Georgia. The Property consists of a single-story building totaling ±40,880 square feet positioned on an expansive ±11.26-acre parcel of land. The Property offers 198 surface parking spaces, visibility from Dykes Street, monument signage, and multiple points of ingress/egress. The Property is currently ±100% occupied by several strong tenants including Food Depot, Pizza Hut, Cricket Wireless, and a gym. Cochran is located 40 miles from Macon and serves as the county seat for Bleckley County, Georgia. The city is home to Middle Georgia State University, a public university with its main campus in Macon. The Property is ideally positioned with direct access and visibility along W Dykes Street with traffic counts of 6,993 vehicles per day. The Property is positioned within close proximity to numerous national retailers including Walmart, O’Reilly Auto Parts, Dollar Tree, Advance Auto Parts, Citizens Bank, Family Dollar, McDonald’s, and more. The Property benefits from an expanded trade area with ±20,117 people and an avg household income of ±$59,708 within a 10-mile radius.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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