Academy Plaza
Retail | 7.00% CAP | 14,370 SqFt
Marketing description
Located along Walton Way, a major retail corridor connecting the area of Summerville and Augusta University campus to the medical district through the historic Harrisburg neighborhood. The property sits directly in front of Richmond Academy, the area's largest high school.
Nearby retailers include Advance Auto, Starbucks, KFC, Krystal, CVS, and Goodwill. Additionally, through a partnership with Augusta National and Tiger Woods, a new TGR facility is currently under construction nearby along Baker Avenue.
This shopping center has been a fixture in the area since 1988 and recently underwent a major renovation, including a façade upgrade, new roof, and resurfaced parking lot. The tenant mix includes a range of short and long-term leases.
There is currently one vacancy and a few below-market inherited leases, presenting a meaningful value-add opportunity for a future owner. Please reach out for a copy of the rent roll and pro forma.
Investment highlights
- Located along Walton Way, a major retail corridor connecting the area of Summerville and Augusta University campus to the medical district through the historic Harrisburg neighborhood
- The property sits directly in front of Richmond Academy, the area's largest high school
- Nearby retailers include Advance Auto, Starbucks, KFC, Krystal, CVS, and Goodwill
- Through a partnership with Augusta National and Tiger Woods, a new TGR facility is currently under construction nearby along Baker Avenue
- This shopping center has been a fixture in the area since 1988 and recently underwent a major renovation, including a façade upgrade, new roof, and resurfaced parking lot
- The tenant mix includes a range of short and long-term leases
- There is currently one vacancy and a few below-market inherited leases, presenting a meaningful value-add opportunity for a future owner
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