SOLD – Augusta West Plaza

1323 Augusta W Pkwy, Augusta, GA 30909

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 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

This property has sold.