Shopping Regional
Cordele Square
901 E 16th Ave, Cordele, GA 31015
Listing Price: $12,270,000
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
Listing Price: $12,270,000
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.