Dodge Plaza Shopping Center
Nationally Anchored Center | 8% CAP
Marketing description
Dodge Plaza Shopping Center, located at 850 College Street in Eastman, GA, is a well-positioned neighborhood retail center along the city’s main commercial corridor. The property benefits from high-traffic generators such as the schools, hospital, medical offices and area retailers. The property enjoys excellent visibility and consistent customer flow. It features a mix of tenants, catering to the daily needs of the local and regional community. With strong community anchors, ample parking, and convenience, Dodge Plaza is a prime retail asset offering long-term value and growth potential in a stable, service-driven market. Buyers will be attracted to the mix of tenants in one of the more dominate shopping centers in the area, and that the base rents are all below $10/SF, thus the price for the property is below replacement cost.
Investment highlights
New Roof with 20-Year Warranty – Installed April 2020, Carlisle Golden Seal System covers key components through April 2040, reducing long-term maintenance risk
Prime location along U.S. Highway 23 (College Street), a major commercial corridor in Eastman, GA, with close proximity to the regional hospital, medical offices, residential neighborhoods, schools, and the city center.
Anchored by Hibbett Sports, Family Dollar, Destiny Fitness, and Southside Market, the center offers multiple retail storefronts in a single-story layout, catering to both national and local tenants.
Eastman is located on the Golden Isle Parkway, 2 hours south of Atlanta, which is a busy corridor from the north to the Georgia and Florida coast on the Atlantic Ocean
Growing population and growing incomes - over 10,500 residents within five miles, with incomes projected to reach $86,000 by 2029—an ideal location for retailers .
Besides the hospital and medical office tenants in the area, Eastman is also home to a campus for Middle Georgia State University, devoted almost entirely to aviation programs. It is the only campus in the University System of Georgia that includes flight training and airport management programs.
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