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206 Manhattan St
Americus, GA 31709
Eastgate Plaza · Retail Property For Sale
Investment Highlights
- Necessity-based neighborhood center anchored by tenants including Family Dollar, AutoZone, Shoe Show, Cost Cutter Super Market,
- Visibility along East Lamar Street with multiple ingress and egress points allowing for easy customer access and strong exposure to passing Traffic
- Main retail corridor of Americus along East Lamar Street and East Forsyth Street with trac counts exceeding 15,000 vehicles per day
- Surrounded by nearby restaurants, hotels, grocery stores, and Georgia Southwestern State University
Executive Summary
Eastgate Plaza offers investors the opportunity to acquire a well-positioned, necessity-based retail center with stable in-place cash flow and long-standing operating history. The tenant mix is heavily focused on daily-needs retail, anchored by grocery, discount retail, auto parts, and service-oriented tenancy that continues to demonstrate resilience against e-commerce disruption.
The property benefits from strong visibility and accessibility within Americus’ primary retail corridor, directly surrounded by national retailers including Walmart, Lowe’s, Dollar General, Roses, Chick-fil-A, Walgreens, and other established traffic drivers. Its proximity to Georgia Southwestern State University further supports consistent daytime traffic and consumer activity throughout the area.
At a Flexible 6.9% cap rate, the investment provides day-one yield with additional upside through contractual rent increases, future lease renewals, and continued tenant stability.
The property benefits from strong visibility and accessibility within Americus’ primary retail corridor, directly surrounded by national retailers including Walmart, Lowe’s, Dollar General, Roses, Chick-fil-A, Walgreens, and other established traffic drivers. Its proximity to Georgia Southwestern State University further supports consistent daytime traffic and consumer activity throughout the area.
At a Flexible 6.9% cap rate, the investment provides day-one yield with additional upside through contractual rent increases, future lease renewals, and continued tenant stability.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
44,365 SF
Building Class
C
Year Built
1955
Price
$4,000,000
Price Per SF
$90.16
Cap Rate
7.33%
NOI
$293,250
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
4.12 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
473 Spaces (10.66 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 36-5-1 | Improvements Assessment | $384,720 |
| Land Assessment | $215,360 | Total Assessment | $600,080 |
Property Taxes
Parcel Number
36-5-1
Land Assessment
$215,360
Improvements Assessment
$384,720
Total Assessment
$600,080
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