Current Use by Public Records
- Roses Discount Store / Discount Store
- Mattress By Appointment Moultrie / Furniture & Home Goods
Property Details for 215 6Th St
- Year built
- 1960
- Lot size
- 9.95 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 97,075-square-foot shopping center in Moultrie, Georgia, presents a compelling value-add investment opportunity. Anchored by Dollar Tree, Save-A-Lot, and Roses, this multi-tenant property boasts 13 tenants and a strong 95.88% occupancy rate. The asking price is $4,185,000, translating to $43.11 per square foot, and offering a 7.75% cap rate with a current NOI of $324,477. Built in 1960 and extensively renovated in 2020 (including a complete roof replacement with a 20-year warranty), the property sits on a 9.95-acre lot at a prime location on 215 6th St SE, Moultrie, GA 31768. The average weighted rent is $4.16 per square foot, significantly below replacement cost, mitigating risk from new construction. Key tenants, including Roses and Dollar Tree, have options to renew their leases. Approximately 4,000 square feet of vacancy provides upside potential. The property benefits from excellent visibility and serves a diverse, working-class demographic. This investment offers a blend of stability and growth potential in a resilient market. The strong tenant roster, high historical occupancy, and recent renovations contribute to a low-risk profile. The property's location and demographics offer protection against new competition.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moultrie
- County
- Colquitt
- State
- Georgia
- Longitude
- -83.7822
- Latitude
- 31.1779
