Description:

Middle Georgia Plaza is a Food Depot-anchored, 40,880 SF neighborhood shopping center that is situated on an 11.26-acre site. The site is ideally positioned along Cochran's main retail corridor, Dykes Street. The shopping center features highly-visible pylon signage, ±492' of frontage on Dykes St, and abundant surface parking with ±174 spaces (±4.26/1,000 SF ratio). The shopping center is stabilized and currently 100% occupied. The Food Depot grocery store occupies around 71% of the shopping center, while the average weighted lease term is around 9.5 years including the inline retail space. Food Depot operates 36 stores throughout Georgia. They recently executed a ten-year lease, with renewals on five and ten-year terms, providing long-term stability. Food Depot invested close to $600,000 in tenant improvements before opening the store in March 2020. In addition, the grocery store operator also agreed to give the landlord ownership of a large portion of the grocery equipment and fixtures including shelving, coolers, freezers, carts, checkout areas, etc to show their commitment. Pizza Hut is an inline tenant in the shopping center and has operated at the property for 25 plus years. Pizza Hut also recently renovated their space in 2017. The remainder of the inline retail space includes a gym, gaming and convenience store, and a music store. A brand new roof was installed in 2015, and comes with a 20-year transferable warranty.
Anchored by Food Depot with Guaranteed Income
9.5 Average Weighted Lease Term
Middle Georgia State University-Cochran Campus within One Mile
Large Pylon Signage
NNN Leases
New 20-Year Roof in 2015
Stabilized Asset with 100% occupancy

Presented by:

Adriana  West

Managing Director

(678) 534-2718

(678) 907-7034

Click here to email

Property Flyer

Listed by:

Keller Williams Realty First Atlanta

Atlanta - Sandy Springs