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Details: Retail

Asking Price: $9,125,000

Square Feet: 63,607 SF

Asking Cap Rate: 8.00%

Year Built: 1969

Year Renovated: 1994

NOI: $729,999

St. Francis Marketplace

4519 Woodruff Rd, Columbus, GA 31904

  • Corporate Planet Fitness anchored center
  • Planet Fitness is ranked #2 in the region
  • Roof under warranty
  • Recent 5-year renewals for Planet Fitness and Kool Smiles, solidifying 40% of the rental income for the next 5 years
  • Only 5 tenants have options remaining, allowing for Landlord flexibility
  • 88% occupied provides NOI growth through lease up
  • Attractive vacancy with end cap with drive thru available for lease
  • Staggered lease expirations mitigate vacancy risks, with no more than 4 tenants expiring in any year for the next 5 years
  • Tenants representing 64% of GLA have been located at the center for over 10 years
  • Rent A Center has been located at the center for 28 years
  • Located along primary corridor in Columbus
  • High traffic volumes:
  • Manchester Expy: 36,772
  • Woodruff Rd: 10,706
  • Major Employer across the street, St. Francis- Emory Hospital with over 1,700 employees
  • Strong population with 165,000 in 5 miles
  • Strong incomes with HHI of $66,225 in 5 miles
  • Columbus, GA population growing at 3x the rate of the USA
  • Columbus is home to the US Army’s Fort Moore with over 36,000 military and civilian employees and a $4.75B economic impact to the region

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