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Shopping Neighborhood

Winder Square

39 E May St, Winder, GA 30680

Listing Price: $7,745,000

Cap Rate
7.44%
Gross SF
51,984
Rentable SF
51,984
Price/Gross SF
$148.99
Lot Size
9.15 acres
Year Built
1985

Investment Overview

WINDER SQUARE • Athens MSA • Major Retail Corridor | Surrounding Tenants include Walmart Supercenter, Publix, ALDI, Beall’s, Shoe Show, McDonalds, CVS, Burger King & More • The property received over $1M in renovations in 2012 including a new roof and an updated parking lot • This property has a strong occupancy history | 9+ Year Average • Leasing Momentum | Rent-A-Center is expanding by 2,600 SF and there are discussions with a liquor store to lease the remaining 6,040 SF • Winder Square has a strong WALT of 7.08 years remaining • The center boasts an attractive tenant mix with both National & Local (Restaurant & Daily Use) tenants STRATEGIC LOCATION • The center is anchored by a 26,644 SF Goodwill which has occupied the center for 14 years and has 11 years remaining with rent increases in 2022 and 2027 • Winder Square is positioned in a high traffic area on E May Street which sees 21,300 VPD • The property has strong fundamentals with great visibility and multiple points for Ingress/Egress • Winder Square is located less than 25 miles west of Athens, GA ATHENS, GA • Athens is located 70 miles East of Atlanta in the northeastern part of the state • The University of Georgia is the largest university in GA with over 39,000 students and a faculty of nearly 11,000. Founded in 1785, it is the oldest and largest of Georgia’s Institution of Higher learning and considered the State’s flagship University • Athens is the 6th largest city in Georgia and the principal city of the Athens-Clarke County, GA • Athens is also noted for a rich manufacturing history and a strong industrial base. From food processing to pharmaceuticals, to plastics and now Caterpillar bulldozers, numerous manufacturers have flourished in Athens-Clarke County for many years. • Athens has been ranked by Forbes as one of “The Best Place to Retire in 2017” and is ranked as one of the best college towns in the country

Investment Highlights

  • 52K SF Goodwill Anchored Center
  • Goodwill has 11 Years of Term Remaining
  • Occupancy History of 9+ Years | WALT of 7+ Years
  • High Traffic Corridor | 21,300 VPD
  • 5 Mile Pop. 45K | AVG HHI $73K

Exclusively Listed By

Shopping Neighborhood

Winder Square

Listing Price: $7,745,000

Cap Rate
7.44%
Gross SF
51,984
Rentable SF
51,984
Price/Gross SF
$148.99
Lot Size
9.15 acres
Year Built
1985

Investment Highlights

  • 52K SF Goodwill Anchored Center
  • Goodwill has 11 Years of Term Remaining
  • Occupancy History of 9+ Years | WALT of 7+ Years
  • High Traffic Corridor | 21,300 VPD
  • 5 Mile Pop. 45K | AVG HHI $73K

Investment Overview

WINDER SQUARE • Athens MSA • Major Retail Corridor | Surrounding Tenants include Walmart Supercenter, Publix, ALDI, Beall’s, Shoe Show, McDonalds, CVS, Burger King & More • The property received over $1M in renovations in 2012 including a new roof and an updated parking lot • This property has a strong occupancy history | 9+ Year Average • Leasing Momentum | Rent-A-Center is expanding by 2,600 SF and there are discussions with a liquor store to lease the remaining 6,040 SF • Winder Square has a strong WALT of 7.08 years remaining • The center boasts an attractive tenant mix with both National & Local (Restaurant & Daily Use) tenants STRATEGIC LOCATION • The center is anchored by a 26,644 SF Goodwill which has occupied the center for 14 years and has 11 years remaining with rent increases in 2022 and 2027 • Winder Square is positioned in a high traffic area on E May Street which sees 21,300 VPD • The property has strong fundamentals with great visibility and multiple points for Ingress/Egress • Winder Square is located less than 25 miles west of Athens, GA ATHENS, GA • Athens is located 70 miles East of Atlanta in the northeastern part of the state • The University of Georgia is the largest university in GA with over 39,000 students and a faculty of nearly 11,000. Founded in 1785, it is the oldest and largest of Georgia’s Institution of Higher learning and considered the State’s flagship University • Athens is the 6th largest city in Georgia and the principal city of the Athens-Clarke County, GA • Athens is also noted for a rich manufacturing history and a strong industrial base. From food processing to pharmaceuticals, to plastics and now Caterpillar bulldozers, numerous manufacturers have flourished in Athens-Clarke County for many years. • Athens has been ranked by Forbes as one of “The Best Place to Retire in 2017” and is ranked as one of the best college towns in the country

Exclusively Listed By

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