Retail Space
140 W Dykes St Cochran, GA 31014
Details & Description
Price: $2,150,000
    Middle Georgia Plaza is a Food Depot-anchored, 40,880 SF neighborhood shopping center that is situated on an 11.26-acre site. The site is ideally positioned along Cochran's main retail corridor, Dykes Street. The shopping center features highly-visible pylon signage, ±492' of frontage on Dykes St, and abundant surface parking with ±174 spaces (±4.26/1,000 SF ratio). The shopping center is stabilized and currently 100% occupied. The Food Depot grocery store occupies around 71% of the shopping center, while the average weighted lease term is around 9.5 years including the inline retail space. Food Depot operates 36 stores throughout Georgia. They recently executed a ten-year lease, with renewals on five and ten-year terms, providing long-term stability. Food Depot invested close to $600,000 in tenant improvements before opening the store in March 2020. In addition, the grocery store operator also agreed to give the landlord ownership of a large portion of the grocery equipment and fixtures including shelving, coolers, freezers, carts, checkout areas, etc to show their commitment. Pizza Hut is an inline tenant in the shopping center and has operated at the property for 25 plus years. Pizza Hut also recently renovated their space in 2017. The remainder of the inline retail space includes a gym, gaming and convenience store, and a music store. A brand new roof was installed in 2015, and comes with a 20-year transferable warranty.
    Property Highlights
    Additional Photos
    Listing Agents
    Leland Whitfield

    O: 404-309-4568
    lelandw4@kw.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    140 W Dykes St

    Cochran, GA 31014

    Listing ID: 273335
    • 140 W Dykes St Cochran, GA 31014 | for Sale | Photo 1
    • 140 W Dykes St Cochran, GA 31014 | for Sale | Photo 2
    • 140 W Dykes St Cochran, GA 31014 | for Sale | Photo 3
    • 140 W Dykes St Cochran, GA 31014 | for Sale | Photo 4
    • 140 W Dykes St Cochran, GA 31014 | for Sale | Photo 5
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    Building Size: 40,880 SF
    Lot Size: 11.260 AC
    Land Size: 490,485 SF
    Building $/SF: $52.59
    Land $/SF: $4.38
    Price
    $2,150,000
    Property Highlights
    Anchored by Food Depot with Guaranteed Income
    9.5 Average Weighted Lease Term
    Middle Georgia State University-Cochran Campus within One Mile
    Large Pylon Signage
    NNN Leases
    New 20-Year Roof in 2015
    Stabilized Asset with 100 occupancy
    Description

    Middle Georgia Plaza is a Food Depot-anchored, 40,880 SF neighborhood shopping center that is situated on an 11.26-acre site. The site is ideally positioned along Cochran's main retail corridor, Dykes Street. The shopping center features highly-visible pylon signage, ±492' of frontage on Dykes St, and abundant surface parking with ±174 spaces (±4.26/1,000 SF ratio). The shopping center is stabilized and currently 100% occupied. The Food Depot grocery store occupies around 71% of the shopping center, while the average weighted lease term is around 9.5 years including the inline retail space. Food Depot operates 36 stores throughout Georgia. They recently executed a ten-year lease, with renewals on five and ten-year terms, providing long-term stability. Food Depot invested close to $600,000 in tenant improvements before opening the store in March 2020. In addition, the grocery store operator also agreed to give the landlord ownership of a large portion of the grocery equipment and fixtures including shelving, coolers, freezers, carts, checkout areas, etc to show their commitment. Pizza Hut is an inline tenant in the shopping center and has operated at the property for 25 plus years. Pizza Hut also recently renovated their space in 2017. The remainder of the inline retail space includes a gym, gaming and convenience store, and a music store. A brand new roof was installed in 2015, and comes with a 20-year transferable warranty.

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    Listing Demographics for 140 W Dykes St Cochran, GA 31014

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 140 W Dykes St in Cochran?
    The asking price for 140 W Dykes St is $2,150,000
    What is the building size of this Retail property in Cochran, GA?
    The size of the building/unit at 140 W Dykes St in Cochran is 40,880 square feet
    How much land does the Cochran, GA property at 140 W Dykes St include?
    140 W Dykes St in Cochran includes 11.260 acres of land
    What kind of Retail is the property at 140 W Dykes St?
    The property at 140 W Dykes St Cochran, GA 31014 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 140 W Dykes St in Cochran?
    The population within 1 mile of 140 W Dykes St Cochran, GA 31014 is 1,646 people.
    Who do I contact for questions about 140 W Dykes St?
    You should contact the listing agent, Leland Whitfield, for any details regarding this commercial listing.

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