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Highway 19 Retail Center, Thomasville, GA

Highway 19 Retail Center

Thomasville, Georgia

Price $2,271,000
Cap Rate 5.75%
NOI $130,566
Lease Term Various
Lease Type Contact For Details
Rental Increases Various
Year Built 2021
Building Size 5,350 SF
Lot Size 0.91 Acres (39,640 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

100% LEASED MULTI-TENANT RETAIL CENTER
» 100% leased multi-tenant asset providing investment diversification
» New net leases featuring “Amazon proof” tenants
» New 2021 high-quality construction
» Prominent pylon sign facing main access road featuring all tenants

STRATEGIC LOCATION IN PRIMARY RETAIL CORRIDOR
» Located on Highway 19 (30,900 AADT), just south of Pavo Road (10,100 AADT) near a signalized four-way intersection
» Anchored by Office Depot in Thomasville’s main retail corridor
» Surrounded by national tenants such as Walmart Supercenter, Publix, Lowe’s Home Improvement, Big Lots, CVS Pharmacy, Chick-fil-A, Starbucks, and many more
» Beneficial proximity to Georgia thoroughfares, including U.S. Highway 84 (17,400
AADT) and U.S. Route 319 (15,400 AADT)

INFILL LOCATION IN GROWING GEORGIA AREA
» Nine hotels located within a two-mile radius with 400+ guestrooms, increasing traffic in the area
» 29,084 residents live within a five-mile radius of the property, providing a stable customer base for the location
» Average annual household income of $68,239 within five miles and is projected to increase 10 percent by 2026
» 37 miles from the City of Tallahassee, capital of Florida (population of 196,169)

CENTRAL LOCATION NEAR LARGE SCHOOLS, EMPLOYERS AND COMMUNITY HUBS
» Close to several large schools, including Cross Creek Elementary School (858 students), Garrison-Pilcher Elementary School (842 students), and Thomasville High School (762 students)
» One mile from Southern Regional Technical College (4,637students, 187 employees)
» Less than a mile from Interstate Warehouse Services (35 total employees across all of its locations and generates $1.23 million in sales)
» Three miles from Archbold Medical Center (264-beds, 1,800 employees), the largest employer in the city
» Beneficial proximity to Thomasville Regional Airport (12,500 annual take-offs/landings)



Property Description

Highway 19 Retail Center is strategically located on Highway 19 (30,900 AADT), just south of Pavo Road (10,100 AADT), near a signalized four-way intersection. The property is anchored by Office Depot in a prominent location in Thomasville’s main retail corridor. The site is near large shopping centers and malls and surrounded by national tenants such as Walmart Supercenter, Publix, Lowe’s Home Improvement, Big Lots, CVS Pharmacy, Chick-fil-A, Starbucks, and many more. The property maintains beneficial proximity to Georgia thoroughfares, including U.S. Highway 84 (17,400 AADT) and U.S. Route 319 (15,400 AADT). There are approximately nine hotels located within a two-mile radius with over 400 guestrooms. A total of 29,084 residents live within a five-mile radius, providing a stable customer base for the location. The average annual household income is $68,239 within five miles and is projected to increase 10% by 2026. The city of Tallahassee, with a population of 196,169 and Florida’s state capital, is located just 37 miles from the site.

The property is close to several large schools, including Cross Creek Elementary School (858 students), Garrison-Pilcher Elementary School (842 students), and Thomasville High School (762 students). The site is located near major employers and community hubs. Southern Regional Technical College (4,637students, 187 employees) is one mile from the property, increasing traffic in the area. Additionally, the site is three miles from Archbold Medical Center (264 beds, 1,800 employees), the largest employer in the city. Interstate Warehouse Services ($1.23 million in sales) is less than a mile from the property. The site also maintains beneficial proximity to Thomasville Regional Airport (12,500 annual take-offs/landings).

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