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Details: Retail

Asking Price: $9,300,000

Square Feet: 105,849 SF

Asking Cap Rate: 8.25%

Year Built: 1989

Year Renovated: 2011

NOI: $766,576

Beacon Heights

1462 Eatonton Road, Madison, GA 30650

INVESTMENT HIGHLIGHTS

  • Stable, 100% Leased Center with Proven Tenant Demand
    Beacon Heights is a fully occupied value-oriented center anchored by a strong mix of national and regional tenants. Recent activity, including Dollar Tree’s renewal with zero landlord incentives, reinforces tenant demand.
  • Embedded NOI Growth Through Below-Market Rents
    Several anchors operate below market rents, creating a clear path to NOI growth through renewals and mark-to-market opportunities without requiring repositioning.
  • Limited Near-Term CapEx Requirements
    Over 70% of the roofs have been replaced, and a full parking lot renovation is underway, significantly reducing near-term capital needs.
  • Strong In-Place Yield with Durable Cash Flow
    The Property offers an attractive going-in yield supported by a necessity-based tenant mix and consistent occupancy.
  • Major Economic Growth Driver – Rivian EV Plant
    Nearby Rivian’s $5B manufacturing facility is expected to create thousands of construction jobs and ~7,500 permanent jobs, driving long-term population and retail demand.

LOCATION HIGHLIGHTS

  • Regional Retail Hub for Lake Oconee
    Beacon Heights serves as a primary shopping destination for Madison and the broader Lake Oconee region, with limited nearby competition.
  • Strategic Access to Growth Markets
    Positioned along I-20 between Atlanta and Athens, the Shopping Center benefits from continued population and income growth across both markets.
  • Strong Retail Corridor & Medical Anchor
    Located within a dense retail corridor and adjacent to Morgan Medical Center, the region’s only full-service Hospital, driving consistent traffic and long-term demand.

 

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