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Dodge Plaza Shopping Center 850 College St 60,863 SF 100% Leased Retail Building Eastman, GA 31023 $3,000,000 ($49.29/SF) 7.80% Cap Rate

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INVESTMENT HIGHLIGHTS

  • New Roof with 20-Year Warranty – Installed April 2020, Carlisle Golden Seal System covers key components through April 2040.
  • Anchored by Hibbett Sports, Family Dollar, Destiny Fitness, and Southside Market, the center offers multiple retail storefronts in a single-story.
  • Growing population and growing incomes - over 10,500 residents within five miles, with incomes projected to reach $86,000 by 2029—an ideal location.
  • Prime location along U.S. Highway 23 (College Street), a major commercial corridor in Eastman, GA, with close proximity to the regional hospital.
  • Eastman is located on the Golden Isle Parkway, which is a busy travel corridor from the north to the Georgia and Florida coast on the Atlantic Ocean.
  • Besides the hospital and medical office tenants in the area, Eastman is also home to a campus for Middle Georgia State University.

EXECUTIVE SUMMARY

Dodge Plaza Shopping Center, located at 850 College Street in Eastman, GA, is a well-positioned neighborhood retail center along the city’s main commercial corridor. The property benefits from high-traffic generators such as the schools, hospital, medical offices and area retailers. The property enjoys excellent visibility and consistent customer flow. It features a mix of tenants, catering to the daily needs of the local and regional community. With strong community anchors, ample parking, and convenience, Dodge Plaza is a prime retail asset offering long-term value and growth potential in a stable, service-driven market. Buyers will be attracted to the mix of tenants in one of the more dominate shopping centers in the area, and that the base rents are all below $10/SF, thus the price for the property is below replacement cost.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
60,863 SF
Building Class
C
Year Built
1975
Price
$3,000,000
Price Per SF
$49.29
Cap Rate
7.80%
NOI
$234,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
4.91 AC
Zoning
C - Commercial
Frontage
562’ on College Street

AMENITIES

  • Corner Lot
  • Pylon Sign

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Chinese Chef Rest
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Jan 0000
  • Destiny Fitness
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Jan 0000
  • Retailer
  • 99,999 SF
  • $9.99
  • Jan 0000

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.

  • Retailer
  • 99,999 SF
  • $9.99
  • Jan 0000

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.

  • R&J's Grill House
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Jan 0000
  • South side Antique Market
  • Services
  • 99,999 SF
  • $9.99
  • Jan 0000
  • Tobacco Palace
  • Services
  • 99,999 SF
  • $9.99
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Chinese Chef Rest Accommodation and Food Services 99,999 SF $9.99 Jan 0000
Destiny Fitness Health Care and Social Assistance 99,999 SF $9.99 Jan 0000
Retailer 99,999 SF $9.99 Jan 0000
Retailer 99,999 SF $9.99 Jan 0000
R&J's Grill House Accommodation and Food Services 99,999 SF $9.99 Jan 0000
South side Antique Market Services 99,999 SF $9.99 Jan 0000
Tobacco Palace Services 99,999 SF $9.99 Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 3,200 SF
  • Office/Retail
  • -
  • Now
  • 816
  • 1,984 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 3,200 SF Office/Retail - Now
816 1,984 SF Retail - Now

1st Floor

Size
3,200 SF
Space Use
Office/Retail
Position
-
Available
Now

816

Size
1,984 SF
Space Use
Retail
Position
-
Available
Now
  • Listing ID: 37463377

  • Date on Market: 8/28/2025

  • Last Updated:

  • Address: 850 College St, Eastman, GA 31023

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