8.05 Archives | Sands Investment Group

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