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Eastgate Plaza 206 Manhattan St 44,365 SF 100% Leased Retail Building Americus, GA 31709 $4,000,000 ($90.16/SF) 7.33% Cap Rate
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
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
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with stores in the US, Mexico, Brazil and Puerto Rico. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories. AutoZone, headquartered in Memphis, TN, is a growing Fortune 300 company with a deep commitment to serving their customers, communities and fellow AutoZoners. They have vast opportunities in their stores, distribution centers, field offices, specialty business units and Store Support Center and embrace diverse experiences, backgrounds, knowledge and ideas to strengthen their teams and business. Their team is connected by a deep commitment to their Pledge and Values, principles established more than thirty years ago that reinforce their priorities and team culture.
- Cost Kutter
- Retailer
- 16,579 SF
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- Retailer
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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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - | ||
| Cost Kutter | Retailer | 16,579 SF | - | - | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-5-1 | Improvements Assessment | $384,720 |
| Land Assessment | $215,360 | Total Assessment | $600,080 |
Property Taxes
Presented by
Eastgate Plaza | 206 Manhattan St
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