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Perlis Plaza Shopping Center - Americus, GA 1500 E Forsyth St 165,315 SF 81% Leased Retail Building Americus, GA 31709 $8,126,000 ($49.15/SF) 8.25% Cap Rate

Storefront Properties Georgia Americus 1500 E Forsyth St, Americus, GA 31709

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Investment Highlights

  • In addition to Belk (26% of GLA), Perlis Plaza features a roster of eight additional nationally recognized brands.
  • 99% of occupied GLA has 5+ years of tenancy and 66% has 15+ years; Belk (1988) and Sherwin Williams (1986) each have 35+ consecutive years.
  • Two out pads available for development along E Forsyth Street.
  • Price/SF less than $50.00/SF.
  • Smaller vacant boxes (13 units/20% of GLA) that range from 1,000 SF - 7,000 SF offer immediate upside to complement an already stabilized.
  • Several long-term tenant leases coming due in the next 3 years with no remaining options. In-place rents averaging $6.51/SF.

Executive Summary

Sands Investment Group is pleased to exclusively offer for sale Perlis Plaza Shopping Center, a 165,315 SF regional shopping center located at 1500 E Forsyth Street in Americus, GA. Priced substantially below replacement cost, the property presents a compelling value-add investment opportunity with immediate upside through the lease-up of several vacant suites within a nationally anchored center that serves as the premier shopping destination in the Americus market.
Perlis Plaza represents a rare chance to acquire a generational asset that has served as a retail cornerstone of Sumter County. The center offers meaningful near-term value creation through the absorption of multiple small-shop vacancies, complemented by a durable tenant roster that includes nine national credit tenants with an average tenure exceeding 25 years. The combination of stable in-place income and lease-up potential creates an attractive risk investment opportunity.
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
Building Size
165,315 SF
Building Class
B
Year Built/Renovated
1972/1988
Price
$8,126,000
Price Per SF
$49.15
Cap Rate
8.25%
NOI
$670,395
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
17.88 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-1 - C-1 Roadside Business District
Parking
543 Spaces (3.28 Spaces per 1,000 SF Leased)
Frontage
1,244’ on Forsyth St

Amenities

  • Bus Line
  • Restaurant
  • Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Belk
  • Retailer
  • 43,000 SF
  • $3.25
  • Triple Net
  • Aug 2029
  • Citi Trends
  • Retailer
  • 9,750 SF
  • $7.40
  • Triple Net
  • Feb 2028
  • DaVita Dialysis
  • Health Care and Social Assistance
  • 6,075 SF
  • $10.23
  • Triple Net
  • -
  • Dollar General
  • Retailer
  • 8,000 SF
  • $8.69
  • Triple Net
  • Nov 2028
  • Dollar Tree
  • Retailer
  • 9,100 SF
  • $13.00
  • Modified Gross
  • Aug 2035
  • Hibbett Sports
  • Retailer
  • 8,000 SF
  • $14.75
  • Triple Net
  • Aug 2028
  • It's Fashion
  • Retailer
  • 3,816 SF
  • $7.75
  • Triple Net
  • -
  • Marlee Health Scrubs LLC
  • Retailer
  • 800 SF
  • $13.68
  • Triple Net
  • Jul 2026
  • Queen Nails and Spa
  • Professional, Scientific, and Technical Services
  • 1,768 SF
  • $17.00
  • Triple Net
  • Jul 2035
  • Variety Wholesalers, Inc. dba Roses Express
  • Wholesaler
  • 30,300 SF
  • $3.19
  • Modified Gross
  • Jan 2028
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Belk Retailer 43,000 SF $3.25 Triple Net Aug 2029
Citi Trends Retailer 9,750 SF $7.40 Triple Net Feb 2028
DaVita Dialysis Health Care and Social Assistance 6,075 SF $10.23 Triple Net -
Dollar General Retailer 8,000 SF $8.69 Triple Net Nov 2028
Dollar Tree Retailer 9,100 SF $13.00 Modified Gross Aug 2035
Hibbett Sports Retailer 8,000 SF $14.75 Triple Net Aug 2028
It's Fashion Retailer 3,816 SF $7.75 Triple Net -
Marlee Health Scrubs LLC Retailer 800 SF $13.68 Triple Net Jul 2026
Queen Nails and Spa Professional, Scientific, and Technical Services 1,768 SF $17.00 Triple Net Jul 2035
Variety Wholesalers, Inc. dba Roses Express Wholesaler 30,300 SF $3.19 Modified Gross Jan 2028

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 02
  • 1,800 SF
  • Retail
  • In-Line
  • Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

  • 03
  • 1,800 SF
  • Retail
  • In-Line
  • Now
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 1 of 5
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1500 E Forsyth St, Americus, GA for sale Building Photo- Image 4 of 5
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165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

  • 08
  • 675 SF
  • Retail
  • In-Line
  • Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

  • 15
  • 5,000 SF
  • Retail
  • In-Line
  • Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

  • 16
  • 800 SF
  • Retail
  • In-Line
  • Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

  • 17
  • 1,000 SF
  • Retail
  • In-Line
  • Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

  • 18
  • 2,000 SF
  • Retail
  • In-Line
  • Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

  • 19,20,21
  • 3,760 SF
  • Retail
  • In-Line
  • Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

  • 22
  • 1,400 SF
  • Retail
  • In-Line
  • Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

  • 24
  • 7,071 SF
  • Retail
  • End Cap
  • Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

  • 24A
  • 5,000 SF
  • Retail
  • End Cap
  • Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

  • 29
  • 480 SF
  • Retail
  • End Cap
  • Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

Space Size Space Use Position Available
02 1,800 SF Retail In-Line Now
03 1,800 SF Retail In-Line Now
08 675 SF Retail In-Line Now
15 5,000 SF Retail In-Line Now
16 800 SF Retail In-Line Now
17 1,000 SF Retail In-Line Now
18 2,000 SF Retail In-Line Now
19,20,21 3,760 SF Retail In-Line Now
22 1,400 SF Retail In-Line Now
24 7,071 SF Retail End Cap Now
24A 5,000 SF Retail End Cap Now
29 480 SF Retail End Cap Now

02

Size
1,800 SF
Space Use
Retail
Position
In-Line
Available
Now

03

Size
1,800 SF
Space Use
Retail
Position
In-Line
Available
Now

08

Size
675 SF
Space Use
Retail
Position
In-Line
Available
Now

15

Size
5,000 SF
Space Use
Retail
Position
In-Line
Available
Now

16

Size
800 SF
Space Use
Retail
Position
In-Line
Available
Now

17

Size
1,000 SF
Space Use
Retail
Position
In-Line
Available
Now

18

Size
2,000 SF
Space Use
Retail
Position
In-Line
Available
Now

19,20,21

Size
3,760 SF
Space Use
Retail
Position
In-Line
Available
Now

22

Size
1,400 SF
Space Use
Retail
Position
In-Line
Available
Now

24

Size
7,071 SF
Space Use
Retail
Position
End Cap
Available
Now

24A

Size
5,000 SF
Space Use
Retail
Position
End Cap
Available
Now

29

Size
480 SF
Space Use
Retail
Position
End Cap
Available
Now

02

Size 1,800 SF
Space Use Retail
Position In-Line
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 1 of 5
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1500 E Forsyth St, Americus, GA for sale Building Photo- Image 2 of 5
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1500 E Forsyth St, Americus, GA for sale Building Photo- Image 3 of 5
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1500 E Forsyth St, Americus, GA for sale Building Photo- Image 4 of 5
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1500 E Forsyth St, Americus, GA for sale Building Photo- Image 5 of 5
IMG_4071 1

03

1500 E Forsyth St, Americus, GA for sale Building Photo- Image 1 of 5
Building Photo
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 2 of 5
Building Photo
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 3 of 5
Building Photo
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 4 of 5
Building Photo
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 5 of 5
Building Photo
Size 1,800 SF
Space Use Retail
Position In-Line
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

08

Size 675 SF
Space Use Retail
Position In-Line
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

15

Size 5,000 SF
Space Use Retail
Position In-Line
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

16

Size 800 SF
Space Use Retail
Position In-Line
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

17

Size 1,000 SF
Space Use Retail
Position In-Line
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

18

Size 2,000 SF
Space Use Retail
Position In-Line
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

19,20,21

Size 3,760 SF
Space Use Retail
Position In-Line
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

22

Size 1,400 SF
Space Use Retail
Position In-Line
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

24

Size 7,071 SF
Space Use Retail
Position End Cap
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

24A

Size 5,000 SF
Space Use Retail
Position End Cap
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

29

Size 480 SF
Space Use Retail
Position End Cap
Available Now

165,315 SF shopping center with tenants including Belk, Roses, Dollar Tree, Dollar General, Hibbett Sports and Citi Trends

Links

1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Source: Local Logic®

Nearby Major Retailers

Planet Fitness
Zaxby's
Ruby Tuesday
Rent-A-Center
Food Lion
Synovus Bank

Property Taxes

Parcel Numbers
Multiple
  • 54-1-5
  • 54-1-5C
 Improvements Assessment $52,280
Land Assessment $81,160 Total Assessment $133,440

Property Taxes

Parcel Numbers
Multiple
  • 54-1-5
  • 54-1-5C
Land Assessment
$81,160
Improvements Assessment
$52,280
Total Assessment
$133,440
(404) 369-4352

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 40931230

  • Date on Market: 6/16/2026

  • Last Updated:

  • Address: 1500 E Forsyth St, Americus, GA 31709

The Retail Property at 1500 E Forsyth St, Americus, GA 31709 is currently available for Sale. Contact Sands Investment Group Atlanta, LLC for more information.

NEARBY LISTINGS

1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 1 of 7
Building Photo
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 2 of 7
Building Photo
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 3 of 7
Building Photo
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 4 of 7
Building Photo
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 5 of 7
Building Photo
1500 E Forsyth St, Americus, GA for sale Building Photo- Image 6 of 7
Building Photo
1 of 1
Perlis Plaza Shopping Center - Americus, GA | 1500 E Forsyth St
(404) 369-4352 x

Perlis Plaza Shopping Center - Americus, GA | 1500 E Forsyth St

Liam Rowan
(404) 369-4352

Tyler Baughman
(404) 383-3172

Andrew Ackerman
(770) 626-0445

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