SOLD – Swainsboro Shopping Center

THE OPPORTUNITY

• Property is located on the primary retail corridor within the Swainsboro market
• Over the past few years, new vacancies in the overall center have quickly been backfilled
• Its Fashion backfilled with Roses Express, and Fred’s backfilled with Family Dollar
• Strong traffic counts with 15,000 VPD on Main Street
• Great synergy within the site between Family Dollar and Dollar Tree
• The roof was replaced in 2018
• Well-maintained parking lot and landscaping with the parking lot having recently been resealed and striped
• Parking lot lights upgraded to LED
• HVACs are relatively new
• Good signage visibility from Main Street
• Property is in an opportunity zone
• Ability to do development on the outparcel

THE HIGHLIGHTS

• ​The Family Dollar location is an expansion and relocation of a smaller store that had been in its previous location for 40+ years
• Citi Trends is at a below market rent number of $3.17psf
• 8,746 sf vacancy will give a buyer value add potential
• Dollar Tree does $1.8 million in sales, which is a 4.4% health ratio
• Dollar Tree has term until 2026
• Family Dollar opened in October w/ term expiring 2/28/28 and has 7-year term
• Tenant line up is ecommerce resistant and necessity-based operators