2922 Watson Blvd
Centerville, GA 31028
Golden Corral · Retail Property For Sale

The subject property is a freestanding Golden Corral Ground Lease located as an out-parcel to the Galleria Mall, the largest mall in the Warner Robins/Centerville, GA area with over 40 specialty stores, JCPenney, Belk, and a 16-screen Georgia Theatre. Centerville is located less than 9 miles from Robins Air Force Base, a 6,900-acre base that is home of the Air Force Materiel Command’s Air Logistics Center (WR-ALC) which is the worldwide manager for a wide range of aircraft, engines, missiles, software and avionics and accessories components. It is one of three Air Force Logistics Centers and the Logistics Complex and Robins AFB form the largest single industrial complex in the State of Georgia. The 23,000 civilian employees at Robins AFB have an annual payroll over $1 billion, creating a huge economic impact on Warner Robins which has grown in proportion to become the sixth largest city in Georgia. In addition, it was just announced that the Air Logistics Complex will hire more than 1,000 new employees to work at the complex. This will equate to an annual economic impact of $69 million, and more than $345 million over the next five years. In addition to being an out-parcel to the Galleria Mall, the Golden Corral (with visibility on Watson Boulevard - 62,000 +/- ADT) sits in an extremely dense retail location. Traffic generators nearby include: Target, Hobby Lobby, Lowe’s, Home Depot, Walmart Supercenter, Michaels, HomeGoods, Academy Sports, ALDI, Kroger, Kohl’s, Bed Bath & Beyond, at least 8 major branded hotels, and several national and regional restaurants. With the Air Force Base continuing to grow in Warner Robins, this has created a tremendous amount of growth in the Centerville area as well. The projected population growth within the 1-mile radius of the subject property over the next 5 years is approximately 18%, and approximately 12% within 3 miles. Currently, there are over 100,000 residents within 5 miles of the subject property, with AHI over $61,000 in the 1, 3, and 5-mile radius. The tenant, YBE Enterprise, LLC, signed a long term 15-year NNN Ground Lease that will expire on February 29, 2024. YBE Enterprise currently operates 2 Golden Corral locations in GA and AL. The principals of YBE Enterprise are James Oscar Butler, Jr. and John Tye Hill, both former NFL players. James Butler was a standout safety at Georgia Tech and earned a Super Bowl ring with the Giants and played in the NFL for 7 seasons. John Hill was a standout cornerback who played for Clemson University, was drafted in the first round by the St. Louis Rams, and played in the NFL for five seasons. Golden Corral, founded in 1973, has grown to over 480 locations and is headquartered in Raleigh, NC.