At Augusta - Augusta, GA
Value-Add 159,819 SF Retail Asset | Anchored by Primark | Augusta, GA
Marketing description
Atlantic Capital Partners has been exclusively engaged to market for sale At Augusta, a 159,819 SF retail asset ideally positioned in the Augusta Mall in Augusta, GA. The asset, partially leased to Primark, anchors a 1M square foot super-regional shopping center in Georgia’s second largest city with more than 110 specialty stores plus four additional anchors in Dick’s Sporting Goods, Dillard’s, Macy’s, and JCPenney. The mall is home to a deep lineup of national and credit tenants including Apple, Aerie, Barnes & Noble, H&M, LOFT, lululemon, Michael Kors, Sephora and others, creating strong tenant synergy and consistent crossover shopping to the subject property. Centrally located on one of Augusta’s most-traveled traffic corridors, Augusta Mall enjoys excellent visibility and access from I-520, which is travelled by more than 90,000 cars per day. With the heavy lifting of the Primark lease complete, the asset offers immediate upside through the lease-up of the remaining 122,260 SF. This vacancy allows an investor to further curate the tenant mix and drive significant yield enhancement in one of Georgia’s premier shopping destinations.
Investment highlights
Part of Augusta Mall, the premier super-regional shopping destination in the Central Savannah River Area and the only regional mall within a 75-mile radius. Spanning over 1M SF, the center features a high performing lineup including Apple, Macy’s, Dillard’s, Dick’s Sporting Goods, and JCPenney.
Anchored by Primark, the global fashion giant, which selected Augusta Mall for its high-profile entry into the Georgia market. The addition of Primark offers ownership with a stabilized foundation, ensuring consistent, high-volume foot traffic and a fresh consumer draw to the subject property.
With Primark occupying a significant portion of the building, the heavy lifting of the redevelopment is underway. An investor can capture immediate upside through the lease-up of the remaining vacancy, driving significant yield enhancement and asset repositioning.
Strategically located at the intersection of Wrightsboro Road and I-520, the property benefits from exceptional regional connectivity and massive exposure, with combined traffic counts exceeding 90,000 VPD.
The subject property is seamlessly integrated with the mall’s existing infrastructure and the Augusta Promenade—a 180,000 SF outdoor lifestyle component— capturing robust crossover shopping from an affluent, multi-state trade area.
The property serves as the primary retail hub for Fort Eisenhower (formerly Fort Gordon), the U.S. Army Cyber Center of Excellence and NSA Georgia. As the region’s largest employer with 31,000+ personnel and an annual economic impact exceeding $7.5 billion, the installation drives a massive, recession-resistant daytime population and a consistent influx of highearning tech and defense professionals.
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