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Arrow 206 Manhattan St. Americus, GA 31709
Category: Commercial
Type: For Sale
Financial Information
Price:  $ 1,900,000  
Rent Income  $ 161,874
Description

Eastgate Plaza shopping center, Americus, Ga.

  • 44,365 square feet retail space
  • Sav-A-Lot super market signed a 7-year lease in 2010
  • Price: $1,900,000; $43 per square foot
  • Existing $1,172,913M loan to be assumed at 5.85% fixed rate
  • Offered at 8.52% cap rate on income at 86.26% occupancy
  • Easy ingress and egress from three major streets
  • Tenants in place: Sav-A-Lot, AutoZone, Family Dollar, Shoe Show, Tobacco Outlet, nail salon
  • 4.12 acre site; parking lot newly striped and resealed
  • $727,087 equity requirement
  • Site bounded by Manhattan, Lamar and Forsyth streets
  • Located on US Hwy. 280 with other popular retail sites
  • 9.61% cash on cash rate of return

44,365 square foot shopping center. Current tenants: Sav-A-Lot, AutoZone, Family Dollar, Shoe Show, Tobacco Outlet and a nail salon. Sav-A-Lot super market signed a 7-year lease in 2010. 4.12 acre site. Parking lot recently restriped and resealed. Financial overview and rent roll available from Michael Dixon Realty, 229-924-3089. Email: michael@michaeldixonrealty.com. Request marketing package be emailed to you.

 

Property Data
Living Space (sq. ft.)
44365.00 

Year of Construction
1980

Heating Type
HVAC

Cooling System
HVAC

Property Size (acres)
4.12 

Map
Property Location
Address
206 Manhattan St.
 
Zip/Post Code
31709
 
Town
Americus
 
County
Sumter County
 
State
Georgia
 
Country
United States
 
 
 
Contact Address
Name
Michael Dixon
Address
168 Sherwood Road
Zip Code
31709
City
Americus
State
GA

Phone:  229.924.3089
Mobile:  229.939.2756
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