Log In/Sign Up
103 Clack Cir
Eatonton, GA 31024
Retail For Sale · Retail Property For Sale
·
10,750 SF
Property Facts
| Price | Not Individually For Sale | Property Subtype | Freestanding |
| Building Size | 10,750 SF | Building Class | C |
| Property Type | Retail | Lot Size | 1.25 AC |
| Price | Not Individually For Sale |
| Building Size | 10,750 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Building Class | C |
| Lot Size | 1.25 AC |
Executive Summary
The Shoppes at Fore Magnolias is an
impressive approximately 10,860 sq ft retail
center located on Highway 44 in the
prestigious Lake Oconee area. Highway 44 is the main road
accessing Lake Oconee and the world-renowned Reynolds
Plantation. The Shoppes at Fore Magnolias is 100% occupied and
has 7 long-term successful tenants. The center is built on
approximately 1.25 acres at the corner of Clack Circle and Highway
44. This center caters to the affluent population surrounding Lake
Oconee. The average annual household income within a 5-mile
radius is $84,029. The adjacent property houses one of the best
restaurants at Lake Oconee and draws high-end patrons to the
center. The annual net operating income for the property is
approximately $117,899 providing a solid first year CAP rate of
7.2%. Current lease rates are well below comparable market rates
allowing plenty of potential for rent escalation in the coming
years. The center is superbly maintained and the property features
magnificent views of Lake Oconee.
impressive approximately 10,860 sq ft retail
center located on Highway 44 in the
prestigious Lake Oconee area. Highway 44 is the main road
accessing Lake Oconee and the world-renowned Reynolds
Plantation. The Shoppes at Fore Magnolias is 100% occupied and
has 7 long-term successful tenants. The center is built on
approximately 1.25 acres at the corner of Clack Circle and Highway
44. This center caters to the affluent population surrounding Lake
Oconee. The average annual household income within a 5-mile
radius is $84,029. The adjacent property houses one of the best
restaurants at Lake Oconee and draws high-end patrons to the
center. The annual net operating income for the property is
approximately $117,899 providing a solid first year CAP rate of
7.2%. Current lease rates are well below comparable market rates
allowing plenty of potential for rent escalation in the coming
years. The center is superbly maintained and the property features
magnificent views of Lake Oconee.
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
