1602-1610 E Forsyth St - Retail FOR SALE


Americus, GA 31709
$6,500,000 USD
404-806-2408
1602-1610 E Forsyth St, Americus, GA for Sale
$6,500,000 USD
Retail - FOR SALE
1/4
null | 8.1% Cap Rate

1602-1610 E Forsyth St
Americus, GA 31709


HIGHLIGHTS

  • Corporate Planet Fitness Anchor | Strong Financial Drivers
  • Best-In-Class Fundamentals
  • Ideal Submarket Attributes

OVERVIEW

As exclusive broker, Newmark is pleased to present for sale Americus Village, a 108,704 square foot community shopping center located in Americus, the primary retail hub for Sumter County and the surrounding Southwest Georgia region. The property is currently 85% occupied with 16,000 square feet of vacancy, offering investors a rare value-add opportunity through lease-up and income growth. Americus Village is anchored by a new Planet Fitness, a strong tenant that enhances the center’s daily traffic, long term stability, and overall tenant mix. Positioned along one of Americus’ primary retail corridors with traffic counts of approximately 15,200 VPD, the property benefits from strong visibility and convenient access. The center is surrounded by a concentration of national retailers and key community anchors, including Walmart Supercenter, Lowe’s Home Improvement, Aldi, Belk, and Roses – as well as Phoebe Sumter Medical Center, a major regional employer driving consistent consumer demand.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Americus Village

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

525

LAND DETAILS

CROSS STREETS

Forsyth St. & Sun Valley Rd.

LAND ACRES

12.01 AC

LAND SF

523,156 SF

ZONING

C-4

APN/PARCEL ID

33 3 2

ASK ABOUT THIS PROPERTY

Sam MurphyNewmarkMore Info
404-806-2408

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Sam MurphyNewmarkMore Info
404-806-2408

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