Dublin Corners Anchored Strip Center Property Georgia

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Tenant: Dublin Corners | Dublin, GA
Premises: 104,326 SF
Renewal Options: Varies

Lease Expiration: Varies
Lease Type: Gross
Rental Increases:

Sands Investment Group is Pleased to Present Exclusively For Sale the 104,000 SF Anchored Strip Center Property in Dublin, Georgia. At 97.47% Occupied, This Property Provides a Stabilized Investment With Upside By Converting Current Gross Leases to Triple Net. The Property is Located on the Corner of N Jefferson Street (US-441) and Hillcrest Parkway, Which Has a Combined Traffic Count of 23,979 VPD. Dublin Corners Has Had Extensive Work Done Over the Last Few Years Giving New Ownership Minimal Capital Expenses. These Improvements Include: New HVACs, the Parking Lot Being Restriped, LED Lights Installed in the Parking Lot and American Freight and a New Sign Installed in 2021.

Minimal Near Term Capital Expenses: All New HVACs Were Installed at Roses (2017), American Freight (2020), Sears (2019) and the Hair Salon (2018); The Parking Lot Was Restriped (2021); Also, the Parking Lot Lights Were Switched to LED Along With American Freight’s Light Fixtures
High Roses Sales: Roses Had $4,100,000 in Sales in 2021, Which is an Impressive 3.1% Occupancy Cost and an 18.9% Increase in Sales From 2020 Performance of $3,400,000; Additionally, Roses Just Added One Year to Their Lease, Pushing Their Expiration to June of 2024 and Showing Commitment to the Site
Roof: The Roof Over Roses and American Freight is From 2006 and in Good Condition; The Roof Over Sears Was Replaced in 2018 and is in Excellent Condition; The Roof Over the Remaining Shops Were Replaced in 2015 and Are in Excellent Condition
Development Opportunity: Pad Sites in Front of the Property Allow a New Owner to Come in and Develop Additional Units; Property Offered Well Below Replacement Cost
Laurens County: Dublin is the County Seat For Laurens County and Located on I-16 That Sees Over 24,306 VPD
Strong Location: The Property is Conveniently Located at the Signalized Intersection of 441 and Hillcrest Parkway, With Strong Visibility From Both Roads and a Combined Traffic Count of 23,979 Vehicles Per Day
Large Employment Hub: Dublin-Laurens County is the Regional Employment Hub For 15 Counties, Representing a Workforce of Over 300,000 People
Retail Corridor: The Center Sits on the Retail Corridor Leading to Downtown Dublin; Other Nearby Tenants Include: Kroger, Sherwin-Williams, AutoZone, O’Reilly Auto Parts, Cricket Wireless and Pitts Toyota

In Cooperation With: Sands Investment Group Atlanta, LLC Lic. # 67374

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Tenant Overview

American Freight is the leader in providing quality furniture, mattresses and appliances at everyday low prices-because everybody needs a place to sit, sleep and eat!. Since 1994, American Freight Furniture and Mattress has been helping customers save money on quality furniture and mattresses. In 2020, American Freight combined with Sears Outlet, a leading national discount retailer of home appliances, and FFO Home, a regional retailer of furniture and mattresses, to create a new American Freight Company. The enhanced American Freight leverages the strong legacies of the founding organizations to deliver consumers a one-stop-shop for quality furniture, mattresses and appliances at everyday low prices in over 350 locations, and now in 40 states and Puerto Rico. With over 5 million satisfied customers, American Freight continues to grow true to its founding principles: sell the best quality merchandise for less every day while delivering exceptional customer service.
Roses Discount Stores offer great, quality items at low prices, every day! Roses has been making the things you need and want in life accessible. By always offering quality items at low price, our customers don’t have to chase down clearance sales or coupons constantly. Roses Discount Stores is a super-regional retail chain founded in 1915 by Paul Howard Rose and headquartered in Henderson, NC. In 1997, Variety Wholesalers, Inc. purchased Roses. Variety Wholesalers, Inc. is a family owned business that began in 1922. In 1949, John W. Pope took over his family’s “Five and Dime” stores, eventually growing them into one of the largest privately owned companies in the United States. Variety Wholesalers, Inc. operates nearly 400 retail stores throughout the southeast, primarily under the Roses and Roses Express banners.

Area Overview