

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
- Asking Price: unpriced
- 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