1631 Gordon Hwy, Augusta, GA 30906

Extended Grocer Lease Term - The tenant recently rebranded from Harvey’s to Piggly Wiggly and extended its lease through 2039, featuring two scheduled rent increases and two five-year renewal options. The lease is backed by a new guarantor and an operator with 3 other successful locations.

Rent Growth Potential - With an average shop rent of $10.04/SF and only six of the twenty seven shop tenants having option periods, there is meaningful upside in bringing rents to market upon rollover. Using conservative rents to drive rental growth could yield a 5.39% CAGR.

Outparcel Upside - The inclusion of the former SunTrust Bank outparcel and the Waffle House adds meaningful upside potential to the asset. This parcel provides the buyer with strategic flexibility—offering the option to lease the existing building to generate additional rental income or to sell the parcel separately to realize immediate value.

Dense Trade Area - An estimated 123,665 residents live within a 5-mile radius of the center, providing a strong and stable consumer base that supports retail demand and anchors performance. In addition household growth is expected to increase from 53,302 to 54,025 from 2025-2030.

Lease-Up Opportunity - Currently 89% occupied, the center offers 31,152 SF of vacant shop space. Conservative rental assumptions, backfilling the remaining suites could generate over $412,000 in additional income, presenting a clear path for value creation.

Anchor Tenant Loyalty - The center consists of four long-standing anchor tenants: Roses, Piggly Wiggly, Citi Trends, and Dollar Tree. Roses and Piggly Wiggly have operated in the center for over 30 years, Citi Trends for more than 25 years, and Dollar Tree for over 15 years. This long-term tenant stability underscores their commitment to the location and provides strong reassurance to potential buyers.