Blue Ridge Plaza Retail FOR SALE


Blue Ridge, GA
$3,780,000 USD
678-808-2780
, Blue Ridge, GA for Sale
$3,780,000 USD
Retail - FOR SALE
1/1
null | 8% Cap Rate

Blue Ridge Plaza
Blue Ridge, GA


HIGHLIGHTS

  • Fully leased, multi-tenant retail center with 100% occupancy and strong tenant mix.
  • Anchored by BodyPlex Fitness (22,334 SF) and Dollar General (12,120 SF), providing steady foot traffic.
  • Located along Blue Ridge’s main retail corridor with direct frontage on E 1st Street and visibility to Hwy 76.
  • Recent leasing momentum with five new leases signed within the past year, showcasing robust local demand.
  • Weighted average in-place rent 16% below market benchmarks, creating a future upside opportunity.

OVERVIEW

Blue Ridge Plaza offers investors a fully stabilized, 100% leased retail asset in the heart of Blue Ridge, Georgia—a high-growth, tourism-focused market drawing over 1.2 million annual visitors. This 53,453-square-foot center includes a strong mix of daily-needs retail, fitness, and service-oriented tenants anchored by BodyPlex Fitness and Dollar General. Tenancy diversity is complemented by recent leasing momentum, with five new deals executed in the past year, reflecting strong demand in a supply constrained market. Strategically located along E 1st Street (Hwy 76), the property benefits from outstanding visibility and access to high traffic counts that feed Blue Ridge’s primary commercial corridor. In-place rents average $9.79 per square foot NNN, which is approximately 16% below the Costar 1-mile average, presenting a clear mark-to-market opportunity. With 23% credit tenancy, an average tenant tenure of 6.2 years, and several leases rolling within the next five years, this asset offers secure Day 1 income coupled with a compelling value-add upside through renewal spreads and re-tenanting at higher market rates. Tourism and limited regional competition create a resilient revenue environment with long-term growth potential.

ASK ABOUT THIS PROPERTY

Zach TaylorMarcus & MillichapMore Info
678-808-2780

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

Zach TaylorMarcus & MillichapMore Info
678-808-2780

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