901 West Ward St, Unit | Douglas Douglas, GA 31533
56,080 SF shopping center with medical tenants, near regional medical center.
Property size:
56 SFProperty Features for 901 West Ward St
General Information
- Size
- 56 SF
Building Details
- Year built
- 1987
Source:
Lee-associates
Listing Agent: Chris Kinnard
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Grocery Anchored Shopping Center For Sale
This 56,080-square-foot shopping center is anchored by a grocery store and features inline units leased to medical tenants. The ALDI predecessor saw consistent sales exceeding $400 per square foot. Other medical tenants have recently renewed their leases, contributing to an average historical occupancy of 23 years and a weighted average lease term (WALT) of 8.5 years. The property is adjacent to a regional medical center and is located 1.5 miles from the three largest employers in Douglas. The property benefits from low deferred maintenance, including a concrete lot and new roofs, with ALDI responsible for 50% of the roof cost. It is positioned at two signalized intersections, boasting the highest vehicle per day (VPD) count within the outer belt. The surrounding area is experiencing increases in population and household income. Located in the county seat, the property is situated in the second safest city in Georgia, which also offers a low cost of living. The area is experiencing growth in population, workforce, industry, and retail demand.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Coinstar
Money Transfer Service
Western Union
Money Transfer Service
ATM
Atm
Primo Water Exchange
Bottled Water Supplier
Harveys Supermarkets
Grocery Store
Similar Places Nearby
Blue Door Decor, Coinstar Kiosk | Bitcoin ATM, The Shoppes at Tip Top, Paulk Plaza
Location Insight
- Map
- Local Demand
- City
- Douglas
- County
- Coffee
- State
- Georgia
- Longitude
- -82.838725
- Latitude
- 31.508889
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 56,080 SF shopping center with medical tenants, near regional medical center.
Where is this shopping center located?
The property is located at 901 West Ward St, Unit | Douglas Douglas, GA.
What is the asking price?
The asking price for this property is $8,130,000.
What are key features of this property?
This property features: - All inline units leased to medical tenants, providing stable income.; - Adjacent to a regional medical center, ensuring consistent traffic.; - High traffic location with the highest VPD within the outer belt.