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Blakely Corners 12246 Columbia St 66,624 SF 100% Leased Retail Building Blakely, GA 39823 $5,300,000 ($79.55/SF) 6.27% Cap Rate

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Investment Highlights

  • Blakely serves as a regional hub for commerce, education, and healthcare in Southwest Georgia, drawing customers from surrounding rural communities.
  • The property is surrounded by key demand drivers, including Early County High School, Piggly Wiggly, Dollar General, Family Dollar, Hardee’s Etc.
  • With strong visibility, easy accessibility, and a growing local economy supported by agriculture, light manufacturing, and logistics.
  • The area features a balanced mix of national retailers, local businesses, and essential services, supporting consistent consumer traffic.
  • The downtown district is only minutes away, offering restaurants, municipal offices, and community services.
  • Multi-tenant retail strip center with national tenants, Food Lion & Family Dollar. Built in 1995, the center is 100% occupied, comprising 7 tenants.

Executive Summary

This offering presents an exceptional opportunity to acquire a 66,624 SF multitenant retail center strategically located along Columbia Street (GA State Route 62). Built in 1995 and situated on 8.89 acres with 300 parking spaces, the property has been well-maintained and is currently 100% occupied by seven tenants, including national anchors Food Lion and Family Dollar, alongside regional and local retailers that serve the community’s daily needs.
The center generates a stable and diversified income stream with an annual net operating income of $332,455, offering immediate cash flow and upside potential through rent growth and lease renewals. With a competitive price per SF of $79.55, strong tenant mix, and prime positioning along a major state route, this asset represents a compelling investment opportunity in a resilient retail market.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
66,624 SF
Building Class
B
Year Built
1995
Price
$5,300,000
Price Per SF
$79.55
Cap Rate
6.27%
NOI
$332,455
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
8.89 AC
Zoning
007 - Retail
Frontage
1,027’ on Columbia

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • 15,000 SF
  • -
  • Jun 2026

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

  • Retailer
  • 29,894 SF
  • -
  • Dec 2028

Food Lion is a U.S. grocery retailer headquartered in Salisbury, North Carolina. The company was founded in 1957 as Food Town and later rebranded as Food Lion in 1983 to support expansion into additional regional markets. The brand operates full-service supermarkets offering fresh foods, packaged grocery products, and in-store services such as deli and pharmacy departments. Food Lion functions as a core operating banner within Ahold Delhaize, an international grocery retail group headquartered in the Netherlands. Following the 2016 merger of Ahold and Delhaize Group, Food Lion became part of a multinational grocery portfolio while continuing to operate independently under its established brand name in the United States. The company is not publicly traded on its own and operates as a privately held subsidiary of Ahold Delhaize, whose shares trade publicly. Food Lion stores are commonly positioned as anchor tenants in neighborhood and community shopping centers, supporting daily-needs retail formats. Over time, the company has focused on store remodels, private-label expansion, and operational efficiency initiatives aligned with grocery-anchored real estate strategies.

  • Hair Gallery
  • Retailer
  • 3,600 SF
  • -
  • Mar 2029
  • Retailer
  • 7,530 SF
  • -
  • Sep 2027

Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with many Hibbett, City Gear and Sports Additions specialty stores located in states nationwide. Hibbett has a rich history of serving customers for years with convenient locations, superior personalized customer service and access to coveted footwear, apparel and accessories from top brands like Nike, Jordan, and adidas. Consumers can browse styles, find new releases, shop looks and make purchases through their best-in-class omni-channel platform.

  • Ice Machine
  • Retailer
  • -
  • -
  • -
  • Finance and Insurance
  • 1,800 SF
  • -
  • Jul 2026

For more than 65 years, Security Finance has proudly provided easy and safe installment loans to their community members. Thanks to their conveniently located branches, you are able to receive personal service from people you know you can trust. At Security Finance, it’s about being good stewards of their community, helping neighbors in times of need and treating customers with the respect they deserve. Security Finance is licensed to offer traditional personal installment loans, which vary in amount and terms based on the state you are in. Use the locator to determine if there is a branch in your local area, or start your loan inquiry online.

  • Accommodation and Food Services
  • 1,800 SF
  • -
  • Aug 2026

Subway is a privately held American quick-service restaurant brand founded in 1965 by Fred DeLuca and Peter Buck in Bridgeport, Connecticut. The company began as Pete’s Super Submarines before adopting the Subway name in 1968 and later expanding through franchising in the 1970s. Its global headquarters operations now include a dual-headquarters structure, with Connecticut serving as the central location for key business functions. The organization relocated its Connecticut headquarters to Shelton, establishing its presence at 1 Corporate Drive as part of a strategic workplace modernization effort. Subway has grown into a major global restaurant brand operating tens of thousands of franchised locations worldwide. The company is owned by Roark Capital Group following its acquisition, and its franchise-based model continues to define its business structure. Over the decades, Subway has emphasized menu evolution and operational adaptation, reflecting changing industry conditions and consumer preferences. The brand remains focused on systemwide consistency and support for its network of franchise operators.

  • Tobacco & Vape
  • Retailer
  • 7,000 SF
  • -
  • Sep 2033
Tenant Industry SF Occupied Rent/SF Lease End
Retailer 15,000 SF - Jun 2026
Retailer 29,894 SF - Dec 2028
Hair Gallery Retailer 3,600 SF - Mar 2029
Retailer 7,530 SF - Sep 2027
Ice Machine Retailer - - -
Finance and Insurance 1,800 SF - Jul 2026
Accommodation and Food Services 1,800 SF - Aug 2026
Tobacco & Vape Retailer 7,000 SF - Sep 2033

Nearby Major Retailers

Piggly Wiggly
ColorTyme

Property Taxes

Property Taxes

Parcel Number
B014017002
Land Assessment
$193,624
Improvements Assessment
$1,470,643
Total Assessment
$1,664,267
  • Listing ID: 38815823

  • Date on Market: 12/18/2025

  • Last Updated:

  • Address: 12246 Columbia St, Blakely, GA 39823

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