2922-2930 Watson Blvd - Storefront FOR SALE


Centerville, GA 31028
$265,334,000 USD
770-624-0841
2922-2930 Watson Blvd, Centerville, GA for Sale
$265,334,000 USD
Storefront - FOR SALE
1/32
null | 12.15% Cap Rate

2922-2930 Watson Blvd
Centerville, GA 31028


OVERVIEW

FULL OWNERSHIP STRUCTURE • Houston Galleria provides the opportunity for an investor to have 100% ownership for all pieces to the mall. • 100% ownership structure will allow flexibility to the buyer for repositioning and redevelopment. HISTORY OF SUCCESSFUL ANCHOR REPOSITIONING • The property’s desirable location is highlighted by the recent successful repositioning of one of its major anchors. • The former Sears box was re-tenanted by Big Air Trampoline Park and Crunch Fitness, two highly desirable uses. • The backfill of this space diversifies the tenant mix and drives additional foot traffic to the center. • This leasing momentum presents upside to an investor and opens opportunities for similar leasing transactions in the future. MULTI-FAMILY DEVELOPMENT ADJACENT • Directly adjacent to the mall will be the Abbington at Galleria multifamily. • The site is a redevelopment of a portion of the former parking lot. • The property was constructed in 2024, consists of 156 units, and will drive foot traffic to the center. ROBUST RETAIL CORRIDOR • Located at the heart of a major retail corridor with over 50,000 combined VPD. • 2.5M SF of retail in a 1-mile radius. • Surrounding tenants include Walmart, Target, Kroger, Publix, Home Depot, Lowe’s, Hobby Lobby, Best Buy, TJ Maxx, Ross, and more.

FOR SALE DETAILS

PRICE

$265,334,000 USD

PRICE/SF

$552 USD /SF

CAP RATE

12.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Houston County Galleria

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

2629

LAND DETAILS

LAND ACRES

50.82 AC

LAND SF

2,213,719 SF

ZONING

C2

APN/PARCEL ID

0C0200009000

ASK ABOUT THIS PROPERTY

Eric AbbottMarcus & MillichapMore Info
770-624-0841

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Eric AbbottMarcus & MillichapMore Info
770-624-0841

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