DEALS

Deals

Augusta West Plaza – Augusta, GA

THE OPPORTUNITY

  • 65% of the GLA is made up of National Tenants
  • 71% of the Rental Income comes from National Tenants
  • At Home and Dollar Tree comprise 52% of GLA
  • At Home has term until 2028
  • At Home is in the midst of an aggressive nationwide expansion program
  • Potential outparcel development in the existing parking lot
    • ​Currently 1.55ac parcel owned across Augusta West Pkwy that fronts I-520
  • 66% of GLA made up of e-commerce resistant tenants
  • 26% of GLA has been located at the center longer than 10 years
  • At Home’s only location in the Augusta MSA
  • 22% vacancy allows for significant income growth through lease up
  • 93,350sf of the roof is under warranty until 2038

THE DEAL POINTS

  • Marketed Asking Price: $13,889,000
  • Marketed Cap Rate: 9.00%
  • NOI: $1,250,000
  • Square Footage: 207,823 SF
  • Occupancy: 78%

THE HIGHLIGHTS

  • High occupancy levels in the immediate area
    • junior anchor vacancy
    • ​<5% small shop vacancies
  • Projected Population growth of over 2.5% over the next 5 years within 5 miles\
  • Strong traffic counts with over 138,000 VPD
  • Augusta MSA has grown over 8% since 2010
  • Located between Augusta Mall and Augusta Exchange, the two largest retail developments in the Augusta MSA
  • Located along I-520, one of the most heavily traveled thoroughfares in the market

Click Here to View Augusta West Plaza Virtual Deal Room