Shoppes at Bellevue | Retail Center in Dublin, GA | 11% Proforma Cap Rate
2301 Bellevue Road
Dublin, GA 31021
| PRICE : | $1,495,000 |
|---|---|
| CAP RATE: | 7% |
| PROPERTY TYPE: | Retail |
| SITE SIZE: | 2.86 Acres |
| BUILDING SIZE: | 20,202 SF |
| YEAR BUILT: | 2004 |
Highlights
- • 13-Suite shopping center located in Dublin, GA (Macon MSA)
- • Perfect for an owner/user or as a value-add investment
- • 70% occupied with quality tenants
- • 11% proforma cap rate
- • Located near Downtown Dublin, Dublin Mall, Fairview Park Hospital and Dublin VA Medical Center
- • High traffic counts of 9,692 VPD on on Lower Fayetteville Rd
- • 5-year population growth of 1.75% within 5-mile radius
Description
Opportunity to acquire The Shoppes at Bellevue, a multi-tenant shopping center located in the Macon MSA of Dublin, GA. This is a value-add opportunity with good in-place income and solid tenants including Johnny’s Pizza, World Finance and Trace Staffing Solutions. The center is currently 70% occupied making this an ideal value-add opportunity with in-place income, and 11% proforma cap rate. This ± 20,202 SF center was renovated in 2015, is in good condition, and includes multiple ingress/egress points, a signalized intersection and ample surface parking.
This location is extremely well-located on the west-end of Downtown Dublin and sits at the intersection of Industrial Blvd and Bellevue Rd. This portion of Industrial Blvd has high visibility and brings in traffic counts exceeding 9,692 VPD, while Bellevue Rd brings in 4,460 VPD. In the immediate area are numerous restaurants, retailers and entertainment options including Walmart, The Home Depot and AMC Theaters. The property is also within 3 miles of Downtown Dublin, Dublin Mall, Fairview Park Hospital and the Dublin VA Medical Center.
