1500 E Forsyth St - Storefront FOR SALE


Americus, GA 31709
$8,126,000 USD
404-369-4352
1500 E Forsyth St, Americus, GA for Sale
$8,126,000 USD
Storefront - FOR SALE
1/6
null | 8.25% Cap Rate

1500 E Forsyth St
Americus, GA 31709


HIGHLIGHTS

  • In addition to Belk (26% of GLA), Perlis Plaza features a roster of eight additional nationally recognized brands.
  • Price/SF less than $50.00/SF.
  • 99% of occupied GLA has 5+ years of tenancy and 66% has 15+ years; Belk (1988) and Sherwin Williams (1986) each have 35+ consecutive years.
  • Smaller vacant boxes (13 units/20% of GLA) that range from 1,000 SF - 7,000 SF offer immediate upside to complement an already stabilized.
  • Two out pads available for development along E Forsyth Street.
  • Several long-term tenant leases coming due in the next 3 years with no remaining options. In-place rents averaging $6.51/SF.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale Perlis Plaza Shopping Center, a 165,315 SF regional shopping center located at 1500 E Forsyth Street in Americus, GA. Priced substantially below replacement cost, the property presents a compelling value-add investment opportunity with immediate upside through the lease-up of several vacant suites within a nationally anchored center that serves as the premier shopping destination in the Americus market. Perlis Plaza represents a rare chance to acquire a generational asset that has served as a retail cornerstone of Sumter County. The center offers meaningful near-term value creation through the absorption of multiple small-shop vacancies, complemented by a durable tenant roster that includes nine national credit tenants with an average tenure exceeding 25 years. The combination of stable in-place income and lease-up potential creates an attractive risk investment opportunity. In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619

FOR SALE DETAILS

PRICE

$8,126,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Perlis Plaza Shopping Center - Americus, GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

543

LAND DETAILS

CROSS STREETS

E Forsyth St (Hwy 280 W) & Crawford

LAND ACRES

17.88 AC

LAND SF

778,853 SF

ZONING

C-1

APN/PARCEL ID

54-1-5,54-1-5C,54-1-6

ASK ABOUT THIS PROPERTY

Liam RowanSands Investment Group Atlanta, LLCMore Info
404-369-4352

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Liam RowanSands Investment Group Atlanta, LLCMore Info
404-369-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.