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    901-903 W Ward St Douglas, GA 31533

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    For Sale
    $8,130,000

    56,080 SF shopping center with medical tenants in Douglas, GA.

    Property size:
    56,080 SF
    Lot size:
    4.72 Acres

    Property Features for 901-903 W Ward St

    General Information

    Size
    56,080 SF
    Lot size
    4.72 Acres

    Source: Lee & Associates | Cincinnati Agent Stan Falk

    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. All inline units are 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, featuring a concrete lot and new roofs, with ALDI responsible for 50% of the roof cost. Situated at two signalized intersections, the property experiences the highest vehicle per day (VPD) count within the outer belt. The location benefits from increasing population and household income. Douglas is the second safest city in Georgia and offers a low cost of living. As the county seat location, the area is experiencing growth in population, workforce, industry, and retail demand.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    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

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    FAQs

    What type of property is this?
    Shopping center - 56,080 SF shopping center with medical tenants in Douglas, GA.
    Where is this shopping center located?
    The property is located at 901-903 W Ward St 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: - Grocery-anchored shopping center with all inline units leased to medical tenants.; - High traffic location with two signalized intersections and the highest VPD within the outer belt.; - Long-term tenant stability with an impressive 23 years average historical occupancy and 8.5 years WALT.
    (513) 900-7509
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    901-903 W Ward St Douglas, GA 31533
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    Douglas, GA 31533
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    901-903 W Ward St Douglas, GA 31533
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