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Shopping Regional

Cordele Square

901 E 16th Ave, Cordele, GA 31015

Listing Price: $12,270,000

Cap Rate
7.25%
Gross SF
127,953
Rentable SF
127,953
Price/Gross SF
$95.89
Lot Size
9.71 acres
Year Built
1968

Investment Overview

Marcus & Millichap is pleased to exclusively offer Cordele Square, a 127,953-square-foot ALDI-anchored shopping center strategically positioned along East 16th Avenue in Cordele, Georgia. The property features a diversified mix of national, regional, medical, service, and restaurant tenants including ALDI, Harbor Freight Tools, Citi Trends, DaVita Dialysis, Rent-A-Center, CareConnect Health, AT&T, The UPS Store, Surcheros, and 7 Brew Coffee.

Cordele Square has undergone a meaningful period of leasing and tenant reinvestment, highlighted by multiple new and recently extended long-term leases that have strengthened the property's income profile and extended future tenancy. The center is currently 81 percent occupied, providing investors with in-place cash flow alongside a defined value-add opportunity through the lease-up or repositioning of approximately 24,669 square feet of remaining vacancy. The Property's three-parcel configuration provides additional long-term flexibility for future ownership, while its established location within Cordele's primary retail corridor and convenient access to Interstate 75 support continued tenant demand and long-term value creation.

Investment Highlights

  • ALDI-ANCHORED CENTER WITH LONG-TERM NATIONAL TENANCY
  • SIGNIFICANT RECENT LEASING & LONG-TERM COMMITMENT
  • DEFINED VALUE-ADD LEASE-UP & REPOSITIONING OPPORTUNITY
  • ESTABLISHED RETAIL CORRIDOR WITH CONVENIENT I-75 ACCESS
  • ATTRACTIVE BASIS AT APPROXIMATELY $96 PSF

Exclusively Listed By

Broker of Record

  • John Leonard

    Senior Managing Director, Market Leader- Atlanta

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Shopping Regional

Cordele Square

Listing Price: $12,270,000

Cap Rate
7.25%
Gross SF
127,953
Rentable SF
127,953
Price/Gross SF
$95.89
Lot Size
9.71 acres
Year Built
1968

Investment Highlights

  • ALDI-ANCHORED CENTER WITH LONG-TERM NATIONAL TENANCY
  • SIGNIFICANT RECENT LEASING & LONG-TERM COMMITMENT
  • DEFINED VALUE-ADD LEASE-UP & REPOSITIONING OPPORTUNITY
  • ESTABLISHED RETAIL CORRIDOR WITH CONVENIENT I-75 ACCESS
  • ATTRACTIVE BASIS AT APPROXIMATELY $96 PSF

Investment Overview

Marcus & Millichap is pleased to exclusively offer Cordele Square, a 127,953-square-foot ALDI-anchored shopping center strategically positioned along East 16th Avenue in Cordele, Georgia. The property features a diversified mix of national, regional, medical, service, and restaurant tenants including ALDI, Harbor Freight Tools, Citi Trends, DaVita Dialysis, Rent-A-Center, CareConnect Health, AT&T, The UPS Store, Surcheros, and 7 Brew Coffee. Cordele Square has undergone a meaningful period of leasing and tenant reinvestment, highlighted by multiple new and recently extended long-term leases that have strengthened the property's income profile and extended future tenancy. The center is currently 81 percent occupied, providing investors with in-place cash flow alongside a defined value-add opportunity through the lease-up or repositioning of approximately 24,669 square feet of remaining vacancy. The Property's three-parcel configuration provides additional long-term flexibility for future ownership, while its established location within Cordele's primary retail corridor and convenient access to Interstate 75 support continued tenant demand and long-term value creation.

Exclusively Listed By

Broker of Record

  • John Leonard

    Senior Managing Director, Market Leader- Atlanta

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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